The Emerald Resources (ASX: EMR) share price is in focus as the company unveiled September quarter gold production of around 22,000 ounces, with cash, bullion, and listed investments totalling $303.6 million at quarter-end.
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What did Emerald Resources report?
- September quarter gold production at Okvau Gold Mine: ~22,000 ounces
- All-in sustaining cost (AISC) for the quarter: ~US$1,150/oz
- Cash, bullion, and listed investments as at 30 September 2025: A$303.6 million (US$200.4 million)
- FY26 production guidance unchanged at 105,000–120,000 ounces (pending underground expansion update)
- FY26 AISC guidance in line with life-of-mine average at US$966/oz
What else do investors need to know?
Production for the September quarter came in below guidance, mainly due to heavy rainfall late in the period. A significant 24-hour rain event struck, restricting access to high-grade ore and deferring about 5,000 ounces of gold output to future quarters.
Despite the wet weather, Emerald Resources' cash position remains strong, and the company is debt-free and unhedged. Management reaffirmed their plans are fully funded, supporting growth projects in both Cambodia and Australia due in calendar 2026.
What's next for Emerald Resources?
Looking to the future, Emerald Resources has flagged several key developments over the next 18 months. Plans include the underground expansion and pit extensions at Okvau, the new Memot Gold Project in Cambodia, and the Dingo Range Gold Project in Western Australia.
If all proceeds as planned, these projects could see Emerald become a multi-mine, 300,000-ounce-per-year gold producer. Production and cost guidance for FY26 remain unchanged, with updates to come as new projects advance.
Emerald Resources share price snapshot
Reflecting a strong gold price, Emerald Resources shares have risen 56% this year. This is significantly ahead of the S&P/ASX 200 Index (ASX: XJO) which has increased just 10%.
