Focus Minerals (FML) Q3 2025 TU earnings summary

Executive summary

• Achieved record gold production in August with 8,274 ounces poured and strong operational performance at the Three Mile Hill processing plant, processing 431,346 tonnes for the quarter.

• Focused on the Coolgardie Gold Project, with significant mining and development at Bonnie Vale Underground and open pits at Dreadnought, Alicia, and CNX.

• Cash position at quarter-end was $113.6 million, supported by $112.8 million in gold and silver sales and toll milling fees.

Financial highlights

• Sold 20,014 ounces of gold at an average realized price of A$5,288/oz, plus 2,540 ounces of silver credits.

• Net cash from operating activities was $41.9 million for the quarter, with a year-to-date total of $9.95 million.

• Net cash from investing activities was $(2.44) million for the quarter, with a year-to-date inflow of $236.3 million, reflecting significant asset transactions.

• Cash and cash equivalents at quarter-end were $113.6 million, up from $74.2 million at the previous quarter.

Outlook and guidance

• Continuous drilling programs are planned for the Greater Undaunted area and other deposits to unlock additional resources and support ongoing mining operations.

• Development at Bonnie Vale is set to accelerate with new equipment and commencement of stoping in October.