Emerald Resources (EMR) Q1 2026 TU earnings summary

Executive summary

• Okvau Gold Mine produced 22,035oz in the September 2025 quarter, with gold sales of 23,268oz at an average price of US$3,486/oz, generating pre-tax operating cash flow of A$82.2M (US$53.8M).

• Cash, bullion, and listed investments at 30 September 2025 totaled A$303.6M (US$200.4M), supporting ongoing exploration and development.

• FY2026 production guidance maintained at 105Koz–120Koz at AISC in line with life-of-mine US$966/oz.

• Significant resource growth at Memot (1.34Moz) and Dingo Range (1.36Moz) projects, with both projects advancing feasibility and licensing.

Financial highlights

• September 2025 quarter AISC was US$1,186/oz, down from US$1,318/oz in June 2025.

• Gold sales for the quarter were 23,268oz, generating US$81.1M in revenue.

• Cash, bullion, and listed investments increased to A$303.6M (US$200.4M) at quarter-end.

• Pre-tax operating cash flow from Okvau for the quarter was A$82.2M (US$53.8M), near the December 2024 record.

Outlook and guidance

• FY2026 production guidance remains at 105Koz–120Koz with AISC in line with life-of-mine US$966/oz.

• Updated Mineral Resource Estimates (MRE) for Dingo Range and Memot expected by end of CY2025.

• Development updates and project timing to be provided post-release of updated MREs and maiden reserves.