Emerald Resources (EMR) Q4 2025 TU earnings summary

Executive summary

• June 2025 quarter gold production at Okvau Gold Mine was 19,115oz, matching the previous quarter, with gold sales of 16,866oz at an average price of US$3,297/oz.

• Cash, bullion, and listed investments totaled A$237.7M (US$155.7M) at quarter end, with the company now debt free after final repayment of the US$60M Okvau Debt Facility.

• Updated resource estimates for Dingo Range (1.36Moz) and Memot (1.34Moz) reflect 35% and 30% increases year-over-year, respectively.

• Ongoing exploration and feasibility studies at Dingo Range and Memot support future development and resource growth.

Financial highlights

• Pre-tax operating cash flow from Okvau Gold Mine for the quarter was A$48.1M (US$30.8M), down from A$66.1M (US$41.5M) in the previous quarter.

• All-in sustaining cost (AISC) for the quarter was US$1,318/oz, slightly lower than the prior quarter's US$1,321/oz.

• Gold sales generated US$55.6M in revenue for the quarter.

• Total growth capital expenditure for the quarter was A$26.5M, including development, exploration, and feasibility.

Outlook and guidance

• September and December 2025 quarters production guidance: 25–30koz per quarter at AISC of US$900–1,000/oz.

• FY26 production guidance: 105–120koz at AISC in line with life-of-mine average of US$966/oz, to be updated with Okvau underground expansion.

• Normal ore access expected throughout CY2025, with production trending toward upper end of guidance.