The Emerald Resources NL (ASX: EMR) share price is in focus after the miner reported record quarterly cash flow and strong gold production from its Okvau Gold Mine in Cambodia. The company maintained FY26 production guidance, with A$143 million generated in pre-tax operating cash flow and all-in sustaining costs (AISC) falling to US$897/oz for the March quarter.
Image source: Getty Images
What did Emerald Resources report?
- March 2026 quarter gold production: 26,269 ounces (Dec 2025: 25,030oz)
- Gold sales: 26,318oz at an average realised gold price of US$4,875/oz
- Pre-tax operating cash flow from Okvau: A$143.0 million (US$99.4 million), a quarterly record
- All-in sustaining cost (AISC): US$897/oz (Dec 2025: US$1,032/oz)
- Cash, bullion and listed investments at 31 March 2026: A$399.3 million
- FY26 gold production guidance of 105,000–120,000oz maintained
What else do investors need to know?
Emerald Resources strengthened its executive team by appointing Josh Redmond as Chief Operating Officer, supporting its growth plans in Cambodia and Australia. Cash on hand and investments stand strong despite the recent payment of FY25 Cambodian corporate tax totalling US$49.8 million, leaving the company well-funded for development.
Progress continues at both the Dingo Range Gold Project in Western Australia and the Memot Gold Project in Cambodia, with updated resource estimates confirming significant growth potential. Dingo Range is nearing final permitting, while Memot has boosted its mineral resource to 1.7Moz and advanced with infill drilling and regulatory approvals.
What's next for Emerald Resources?
Drilling and exploration will continue at both the Dingo Range and Memot projects in 2026, aimed at converting resources into maiden ore reserves and underpinning future development. Okvau's continued strong operational performance, ongoing near-mine exploration, and expansion into Western Australia will form the backbone of Emerald's growth strategy.
The company is also accelerating its ESG and community initiatives, including tree planting for carbon offsetting and regional infrastructure improvements, with a firm commitment to sustainability and local engagement across its operations.
Emerald Resources share price snapshot
Over the past 12 months, Emerald Resources shares have risen 65%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 11% over the same period.
