The Emerald Resources (ASX: EMR) share price is in focus today after the company reported a solid December 2025 quarter, with Okvau Gold Mine delivering 25,030 ounces of gold and operating cash flow of A$87 million.
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What did Emerald Resources report?
- Gold production at Okvau Gold Mine reached 25,030 ounces for the December quarter, up from 22,035 ounces in the previous quarter.
- All-In Sustaining Cost (AISC) decreased to US$1,032 per ounce, a marked improvement from US$1,186 per ounce last quarter.
- Quarterly gold sales were 20,410 ounces at an average price of US$4,118 per ounce.
- Pre-tax operating cash flow of A$87 million was generated from Okvau operations, near the company's financial performance record.
- Group cash, bullion, and listed investments totalled A$372.7 million at 31 December 2025.
- Production and cost guidance for FY26 maintained: 105,000–120,000 ounces at life-of-mine AISC of US$966 per ounce.
What else do investors need to know?
Emerald continues to progress its growth strategy, with updated mineral resource estimates at both the Dingo Range Gold Project in Western Australia (1.41 million ounces at 1.1g/t Au) and Memot Gold Project in Cambodia (1.70 million ounces at 1.2g/t Au). Development approvals for both projects have advanced, including full permitting at Memot and near-complete approvals for Dingo Range.
The December quarter saw robust exploration activity: highlight intersections were reported at several prospects, including Freeman's Find and the Stables Prospect in WA, along with Granite Hill near Okvau in Cambodia. Notably, the company remains committed to strong ESG practices, progressing community and environmental initiatives such as extensive tree planting and biodiversity monitoring in Cambodia.
What did Emerald Resources management say?
Managing Director Morgan Hart said:
Our teams continue to deliver safe, reliable production at Okvau and grow the company's resource base with disciplined exploration and development. The updated resources at Dingo Range and Memot position Emerald for our next phase of Australian and Cambodian gold growth.
What's next for Emerald Resources?
Looking ahead, Emerald plans to release maiden ore reserves for both the Dingo Range and Memot projects, which will underpin final development studies and schedules. Ongoing drilling campaigns at multiple prospects are set to drive further resource upgrades and potentially unlock new mining areas.
The company is maintaining production and cost guidance for FY26, with steady Okvau output expected to support further growth and investment. Near-term milestones include project approvals at Dingo Range and follow-up drilling and development progress across both Cambodia and Australia.
Emerald Resources share price snapshot
Over the past 12 months, Emerald Resources shares have risen 97%, strongly outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.
