Predictive Discovery Ltd (ASX: PDI) shares are pushing higher on Tuesday after the gold miner delivered a standout quarterly update.
The ASX 200 gold share is up 3% to 98.5 cents at the time of writing.
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ASX 200 gold share push higher on strong update
According to the release, Predictive Discovery is scaling up quickly following the ramp-up of its production assets.
The gold miner revealed that revenue surged to US$200.8 million for the three months, representing a massive 321% increase compared to the prior quarter.
This was driven by a sharp lift in gold sales volumes and stronger realised gold prices (US$4,806 per ounce) during the period.
Gold sales climbed 271% quarter on quarter to 41,799 ounces, while production jumped 308% to 48,178 ounces as operations at the Kiniero mine accelerated.
Production ramp-up driving momentum
A key contributor to this growth has been the rapid ramp-up at the Kiniero Gold Mine in Guinea.
Production from Kiniero surged as the operation moved through commissioning and into commercial output, delivering a major uplift in group performance.
At the same time, the Nampala mine in Mali continued to provide steady production, supporting overall output.
Encouragingly, costs are also moving in the right direction. The ASX 200 gold share reported a 37% reduction in all-in sustaining costs (AISC) to US$1,192 per ounce. This reflects improved operating leverage and the contribution of lower-cost production from Kiniero.
Strong cash generation
Beyond production growth, the quarter also highlighted the company's increasing ability to generate cash.
Predictive Discovery delivered a cash margin from operations of US$139 million, underpinned by higher production and favourable gold prices.
Its balance sheet also remains solid, with significant cash holdings following the completion of its merger with Robex Resources.
Outlook
Management has provided production guidance of 198,000 to 220,000 ounces for 2026, comprising 157,000 to 174,000 ounces from Kiniero and 41,000 to 46,000 ounces from Nampala.
Cost production guidance will be released in the June quarter, following two full quarters of production at Kiniero.
In addition, the ASX 200 gold share reaffirmed that it is progressing development work at its large-scale Bankan Gold Project. This is expected to become a cornerstone asset over the longer term.
Furthermore, the merger between Predictive Discovery and Robex Resources completed on 15 April 2026. It notes that this has created a leading West African gold production and development company targeting 400,000 ounces of gold production per annum by 2029.
