New Murchison Gold (NMG) Q2 2026 TU earnings summary

Executive summary

• Achieved first full quarter of production at Crown Prince Gold Mine, with a smooth operational ramp-up and strong cash generation of $72.3 million, supporting future development and exploration initiatives.

• Mining focused on integrating stage 1 and stage 2 pits at Crown Prince, with high-grade ore accessed early and ancillary works completed.

• Sold 187,384 tonnes of ore, exceeding the maximum under the Ore Purchase Agreement, leveraging strong gold prices and operational flexibility.

Financial highlights

• Generated $72.3 million in cash during the quarter, ending with $92 million in cash and no debt.

• Attributable gold bullion price received was A$6,315/oz, with an all-in sustaining cost (AISC) of A$2,149/oz.

• Receipts from customers totaled $111.4 million; net cash from operating activities was $75.5 million.

Outlook and guidance

• Exploration focus shifting to underground potential at Crown Prince and advancing near-term open pit projects, including Lydia and Abbotts.

• Ongoing drilling at Lydia Gold Prospect has returned high-grade results, supporting its potential as a near-term production addition.

• Mineral Resource update planned for the first quarter of CY2026, subject to drilling progress.