What did Emerald Resources report?

• Revenue: $612.3 million, up 40% from FY25
• Net profit after tax (NPAT): $259.6 million, up 196%
• EBITDA: $392.1 million, up 93% year on year
• Gold production: 100,405 ounces at an all-in sustaining cost (AISC) of US$972/oz
• Cash, bullion and investments: $491.1 million at 30 June 2026
• Dividends: No dividend declared for FY26

What else do investors need to know?

Emerald remained debt-free and unhedged, cementing its position as a low-cost gold producer. Operational highlights included expanding reserves and robust gold recoveries from the Okvau mine in Cambodia, now totalling over 509,600 ounces since production began in 2021. Growth activities ramped up across both Cambodia and Australia, supported by a strong balance sheet.

Beyond Okvau, significant progress was made on the Dingo Range and Memot projects. Both are fully permitted, with maiden ore reserve estimates to follow and studies well underway. Exploration continues to deliver promising results, leading to resource upgrades and demonstrating future growth pathways.

What's next for Emerald Resources?

Looking ahead to FY27, Emerald expects gold production of 100,000–115,000 ounces at Okvau, with similar AISC guidance and the addition of new feed sources through further drilling. Development is progressing for both the Dingo Range (Western Australia) and Memot (Cambodia) projects, with definitive feasibility studies nearing completion and first mining activities on track for the coming year.

Exploration remains a priority, with over 3.9 million ounces now in global resources across key projects. Emerald continues to target becoming a multi-mine, 300,000–400,000 ounce per annum gold producer, backed by a solid cash position and expanding project pipeline.

Emerald Resources share price snapshot

The Emerald Resources share price has risen strongly in the past 12 months, smashing the S&P/ASX 200 index (ASX: XJO) with a gain of almost 85%.

View Original Announcement

The post Emerald Resources FY26 earnings: Record profit on gold price surge appeared first on The Motley Fool Australia.

What did Emerald Resources report?

• Produced 27,072 ounces of gold in the June 2026 quarter (up from 26,269oz in March).
• All-In Sustaining Costs (AISC) dropped to US$818/oz (Mar 26: US$897/oz).
• Sold 25,932oz of gold at an average price of US$4,491/oz, generating pre-tax operating cash flow of A$127.3 million.
• Cash, bullion, and listed investments at 30 June 2026: A$481.1 million.
• FY27 production guidance: 100,000–115,000oz gold at an AISC of US$980–$1,080/oz.

What else do investors need to know?

Development is ramping up across Emerald's portfolio. The Dingo Range Gold Project, now fully permitted for operations, has seen major infrastructure works progress and a preferred mining contractor appointed. A maiden ore reserve is expected soon to underpin future studies and expansion.

In Cambodia, the fully permitted Memot Gold Project advanced resettlement programs and completed infill drilling aimed at boosting resource confidence. Near-mine and regional exploration at both Okvau and Dingo Range continued to return significant gold intercepts, highlighting ongoing upside in Emerald's asset base.

Emerald further participated as cornerstone investor in Manda Resources' pre-IPO placement, supporting the consolidation of gold and antimony assets in North Queensland.

What's next for Emerald Resources?

Emerald plans to finalise and announce maiden mineral reserves and ongoing definitive feasibility studies for both the Dingo Range and Memot projects in the coming months. The focus remains on progressing development works and expanding the resource base through drilling across Australian and Cambodian tenements.

Sustainability and community engagement initiatives, particularly around carbon neutrality and local partnerships, will continue to support Emerald's longer-term growth and social licence to operate. Investors can expect further operational updates as project milestones are reached.

Emerald Resources share price snapshot

Over the past 12 months, the Emerald Resources share price has outperformed many ASX gold sector peers, buoyed by solid operating performance and project development progress. This has seen its shares rise 51% compared to a modest 2.6% gain by the S&P/ASX 200 index (ASX: XJO).

View Original Announcement

The post Emerald Resources delivers solid Q4 production and advances key projects appeared first on The Motley Fool Australia.

After opening sharply lower and spending most of the session in red territory, the ASX 200 ended up staging a late afternoon recovery, closing with a minuscule 0.023% rise. That leaves the index at 8,793.3 points.

This bumpy day for ASX investors followed a rough start to the American trading week on Wall Street's boards last night.

The Dow Jones Industrial Average Index (DJX: .DJI) started the week on a sour note, falling 0.59%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared slightly better, though, dropping by 0.048%.

But let's return to the local markets now and take stock of what the various ASX sectors were up to this Tuesday.

Winners and losers

Despite the broader market's nominal lift, green sectors outnumbered red sectors this session.

Leading those red sectors were healthcare stocks. The S&P/ASX 200 Healthcare Index (ASX: XHJ) crashed 1.05% lower today.

Communications shares were on the nose as well, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) tumbling 0.88%.

Consumer discretionary stocks weren't popular either. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) saw its value tank 0.83%.

We could say the same for financial shares, as you can verify by the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.71% dive.

Next up were industrial stocks. The S&P/ASX 200 Industrials Index (ASX: XNJ) had dipped 0.34% by the closing bell.

Our last losers were consumer staples shares, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) slipping 0.08%.

Turning to the green sectors now, these were led by gold stocks. The All Ordinaries Gold Index (ASX: XGD) soared 3.64% higher this Tuesday.

Tech shares ran hot as well, evident from the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 3.26% surge.

Mining stocks were also in demand. The S&P/ASX 200 Materials Index (ASX: XMJ) jumped 1.33% today.

Real estate investment trusts (REITs) were next, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) leaping 0.61%.

Then we had energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) saw a 0.4% increase this session.

Finally, utilities stocks got over the winner's line, illustrated by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 0.22% lift.

Top 10 ASX 200 shares countdown

Gold miner Minerals 260 Ltd (ASX: MI6) took out today's top spot. Minerals 260 shares spiked 7.69% higher this Tuesday to close at 64 cents apiece.

There wasn't any news out from the company, but most gold shares had a strong session.

Here's how the other winners landed their planes: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

What did Emerald Resources report?

• Executed two Letters of Award with MACA Mining for mining services at Dingo Range Gold Project (WA) and Okvau Gold Mine (Cambodia)
• Dingo Range contract valued at approximately A$562.5 million over 74 months, commencing December 2026
• Okvau Gold Mine contract extended to include Stages 8 and 9, now running through to February 2030
• Strong balance sheet: A$337.8 million in cash, A$39.2 million in bullion, and A$22.3 million in listed investments as of March 2026
• Ongoing commitment to carbon-neutral operations in Cambodia

What else do investors need to know?

Emerald's agreements with MACA Mining build on a partnership that has delivered successful projects for over two decades. The Dingo Range contract covers drill and blast, load and haul, mine development, and associated services, with mobilisation expected in late 2026. The Okvau Gold Mine contract extension will enable further development and mining of additional stages, reinforcing Emerald's plans for sustainable growth. The company's resource base continues to expand, with significant exploration potential at both its Australian and Cambodian projects.

What did Emerald Resources management say?

Managing Director Morgan Hart said:

We are extremely pleased to announce the Letters of Award for both the Dingo Range Gold Project and the extension of mining operations at the Okvau Gold Mine through Stages 8 and 9. These awards continue a long-standing relationship between Emerald and MACA that spans more than 20 years and has delivered numerous successful mining projects. "The Letters of Award follow the successful completion of negotiations undertaken in accordance with the Exclusivity Agreement announced in August 2024. The negotiations were conducted through a clear and transparent open book process, resulting in an agreed schedule of rates. We look forward to MACA mobilising to the Dingo Range Gold Project in late 2026 and continuing to leverage the strong working relationship and operational synergies that have been established between the Emerald and MACA teams. "This is an exciting period for Emerald as we advance two fully funded and permitted mining developments at the 100% owned Dingo Range Gold Project in Western Australia and the 100% owned Memot Gold Project in Cambodia, while continuing to expand our operations at Okvau by building on our partnership with MACA to assist in the delivery of Emerald's next phase of growth.

What's next for Emerald Resources?

Emerald is pressing ahead with fully funded mining developments at both its Dingo Range and Memot projects. The company's focus on operational efficiency, long-term mine planning, and ESG commitments positions it well for future growth. With MACA's mobilisation scheduled for December 2026 at Dingo Range and ongoing work at Okvau, Emerald aims to further cement its role as a leading gold producer in both Australia and Cambodia.

Emerald Resources share price snapshot

Over the past 12 months, Emerald Resources shares have risen 37%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Emerald Resources locks in major mining deals at Dingo Range, Okvau appeared first on The Motley Fool Australia.

It was a happy hump day for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Wednesday, as investors continue to bask in worldwide market optimism.

After yesterday's close call and slight rise, investors were more decisive today, sending the ASX 200 up a confident 0.54%. That leaves the index at 8,966.3 points, its highest level in two months.

This optimistic midweek session for Australian shares follows a mixed night on the American boards.

The Dow Jones Industrial Average Index (DJX: .DJI) was on fire, gaining 0.64% after hitting a new record high.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't so lucky, though, and fell 1.15%.

But let's return to the local markets now and examine what was going on amongst the various ASX sectors today.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

This tough Tuesday session for Australian investors follows a more optimistic start to the American trading week last night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) managed to keep its head above water, rising 0.19%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was slightly more downbeat, gaining 0.1%.

Let's return to the local markets now and take stock of how today's drop affected the various ASX sectors this session.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

After staying comfortably in green territory all day, the ASX 200 ended up closing a solid 1.3% higher, leaving the index at 8,793.6 points.

This happy hump day for ASX investors follows a similarly upbeat night over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was in fine form, rising 0.73%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did even better, gaining 1.03%.

But let's get back to the ASX now though and dive a little deeper into what was happening amongst the various ASX sectors navigated today's tough trading conditions.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

At the time of writing, the Emerald share price is up 2.09% to $5.85.

That gives the company a market capitalisation of about $3.8 billion.

The move offers some relief after a softer start to the year. Emerald shares are still down about 5% in 2026, but remain up around 35% over the past 12 months.

Here's what investors are looking at today.

Final green light for Dingo Range

Emerald advised that Works Approval has been granted for its 100%-owned Dingo Range Gold Project in Western Australia.

The approval came from the Western Australian Government's Department of Water and Environmental Regulation.

This was the final regulatory approval needed for the project.

With that now in hand, Emerald said Dingo Range can move towards development once debt funding is completed.

The approval covers key infrastructure across the project. That includes the processing plant, power station, tailings storage facility, and other related infrastructure needed to support construction and operations.

Emerald has already completed and commissioned the project's camp. This will house construction workers and operational staff once production begins.

The company said drilling programs are continuing through 2026. These are aimed at supporting mineral resource updates, testing open pit extensions, and assessing underground development potential.

What the approval means

While the update moves Dingo Range closer to development, it also gives investors a better look at what comes next.

Approvals do not guarantee a smooth build or strong production result. But they do remove a major hurdle from the development timeline.

That is enough to get some attention from investors, especially with Emerald looking to build beyond its existing gold operations.

Emerald is already a gold producer through its Okvau operations in Cambodia. The company has now poured more than 440,000 ounces of gold from its operations.

Dingo Range gives the company another potential production base, this time in Western Australia.

The project sits across the Dingo Range greenstone belt and has been a key part of Emerald's growth plans since the Bullseye Mining takeover.

The company is also moving ahead on long lead items.

Emerald has committed to buy two 8,000kW Metso SAG mills. One is for Dingo Range and the other is for the Memot Gold Project in Cambodia.

The total cost is about $30 million, with supply expected to take up to 13 months.

Foolish takeaway

This is a positive milestone, but the main focus now is financing.

Emerald has the key approval it needs for Dingo Range, but development still depends on debt funding being completed.

That is where I would be focused.

Once the balance sheet is sorted, investors can get a better read on timing, costs, and how quickly construction can begin.

The post Why this $3.8 billion ASX gold stock is climbing today appeared first on The Motley Fool Australia.

What did Emerald Resources report?

• Received final works approval for the 100%-owned Dingo Range Gold Project in Western Australia
• Committed to purchase two 8,000kW Metso SAG Mills and a crushing circuit, valued at approximately A$30 million
• Dingo Range Project is now fully permitted and development-ready
• Camp facilities completed and ready to accommodate construction and operational staff
• Ongoing drilling programs to support resource updates, with work on a Maiden Ore Reserve advanced
• Strong balance sheet: A$337.8 million cash, A$39.2 million bullion, and A$22.3 million in listed investments (as at March 2026)

What else do investors need to know?

The Dingo Range Gold Project's approval means Emerald now has the green light to start construction, with all regulatory hurdles cleared. The company's bold purchase of key processing equipment signals its confidence in both the Dingo Range and Memot Gold Projects, targeting future growth in Australia and Cambodia.

Emerald continues to explore and develop its Australian and Cambodian gold projects, aiming to build on the strong reserve bases at Dingo Range and Memot. Long-term, management aims to position the business as a diversified gold producer, reducing risk across multiple jurisdictions.

What did Emerald Resources management say?

Managing Director Morgan Hart said:

Emerald is pleased that the Works Approval has been granted for Dingo Range and we are now fully permitted for development and operations which is a significant milestone for the Company.

The commitment to purchase long lead capital equipment is the second key construction and infrastructure milestone at Dingo Range following the completion of the camp.

The Board and Management of Emerald have worked closely with the team at Metso on previous development projects, including the 100% Okvau Gold Mine and are very pleased to continue the relationship on the development of the Dingo Range and Memot Gold Projects. Securing this long lead capital equipment on a very competitive delivery schedule assists with de-risking the development timeline for both projects and is an important step in the Company's growth trajectory to achieve its strategic objective of becoming a multi-mine 300K-400Kozs gold producer across two continents.

What's next for Emerald Resources?

With all approvals granted, Emerald can now push ahead with developing the Dingo Range Gold Project and progress its Memot Project in Cambodia. The company expects delivery of its major processing equipment in about 12–13 months, aligning with its plan to become a multi-mine gold producer.

Ongoing drilling and exploration will support updated resource estimates and future reserve growth, while Emerald maintains its focus on strong ESG compliance and regional community engagement.

Emerald Resources share price snapshot

Over the past 12 months, Emerald Resources shares have risen 32%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Emerald Resources gets the green light for Dingo Range Gold Project appeared first on The Motley Fool Australia.

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.

View Original Announcement

The post Emerald Resources delivers record cash flow and project progress in March 2026 quarter appeared first on The Motley Fool Australia.

What did Emerald Resources report?

• Ongoing drilling at Dingo Range Gold Project (WA) confirmed extensive high-grade mineralisation, including 45m at 4.1g/t gold and 15m at 7.09g/t.
• Freeman's Find Deposit drilling returned 13m at 4.46g/t gold and 2m at 29.12g/t gold, supporting resource model confidence.
• Memot Gold Project (Cambodia) infill drilling produced significant intercepts such as 2m at 50.29g/t gold and 14m at 3.37g/t gold.
• Okvau Gold Mine drill results included 3m at 59.04g/t gold, highlighting further upside potential.
• Resource upgrades this year: Dingo Range at 40.9Mt at 1.1g/t Au (1.41Moz); Memot at 45Mt at 1.2g/t Au (1.7Moz).

What else do investors need to know?

Emerald continues to demonstrate growth at both existing operations and exploration targets, with ongoing drilling campaigns at Boundary, Neptune, and Freeman's Find deposits. High-grade results and extensive metreage drilled confirm the scale and prospectivity of these assets.

In Cambodia, infill and extensional drilling at Memot and Okvau is building confidence for impending mineral resource updates and a maiden reserve at Memot. Over 1,600 assays from Memot and more than 1,000 from Okvau remain pending, meaning more results are likely ahead.

The company is also extending its air core drilling program at the Stables Prospect in Western Australia, chasing fresh geochemical anomalies and potential new discoveries further along strike.

What did Emerald Resources management say?

Managing Director said Morgan Hart said:

As we continue resource expansion and infill drilling, the consistency of high-grade results from Australia and Cambodia highlights the ongoing growth potential across our portfolio.

What's next for Emerald Resources?

Emerald is set to incorporate results from ongoing drilling into upcoming resource and reserve estimations, particularly at Dingo Range and Memot. The company plans to intensify drilling across its tenure, targeting underground potential and further open pit extensions.

Investors can expect more assay results and project updates throughout the year, as the company works toward unlocking further value from its gold projects in both Australia and Cambodia.

Emerald Resources share price snapshot

Over the past 12 months, Emerald Resources shares have risen 46%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 15% over the same period.

View Original Announcement.

The post Emerald Resources hits more high-grade gold at Dingo Range and Memot appeared first on The Motley Fool Australia.

This jubilant hump day session for ASX shares comes after an even more euphoric morning on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) was off to the races, gaining 2.49%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) put the turbocharger on though, exploding 3.83% higher.

Let's get back to the local markets now and see how today's gains filtered down into the different ASX sectors.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

By the time trading wrapped up, the S&P/ASX 200 Index (ASX: XJO) had gained a pleasing 1.85%. That lifts the index up to 8,534.3 points.

This happy Wednesday for the local markets comes despite a far more bearish morning over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't quite stick the landing, dropping 0.18%

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared even worse, falling by 0.84%.

But let's get back to the ASX now and dig into what was going on amongst the various ASX sectors today.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Cedar Woods Properties Ltd (ASX: CWP)

The Cedar Woods share price is up 5% to $8.36. Investors have been buying the property company's shares following the release of a strong half-year result. Cedar Woods reported record net profit after tax of $39.6 million. This was up 163% on the previous corresponding period. In addition, management upgraded its FY 2026 guidance. It now expects net profit after tax growth of 30% to 35%. This is up from its previous guidance for a minimum of 20%. Cedar Woods' managing director, Nathan Blackburne, said: "This exceptional first half result helps set the Company up for a record full year profit result. We are upgrading guidance to 30% to 35% NPAT growth, a result that will deliver very strong shareholder return metrics. The upgrade has been made possible by strong sales conditions which has enabled additional price growth, further settlements and significantly lower marketing spend."

Clearview Wealth Ltd (ASX: CVW)

The Clearview Wealth share price is up 17% to 62.5 cents. This has been driven by takeover news. ClearView advised that it has entered into a scheme implementation deed with Zurich Financial Services Australia. Under the terms of the scheme, ClearView shareholders will receive cash consideration of 65 cents per share.

Emerald Resources NL (ASX: EMR)

The Emerald Resources share price is up 3% to $6.84. This has been driven by the gold miner's half-year results release. Emerald Resources reported a 7% increase in revenue to $257 million and a 23% lift in profit to $73.1 million. The company said: "Emerald's operating performance is underpinned by the consistent production achieved by the 100% owned Okvau Gold Mine, which has allowed the Company to invest in its growth strategy within its development and exploration portfolio, whilst strengthening its cash and bullion position."

Monadelphous Group Ltd (ASX: MND)

The Monadelphous share price is up 8% to $33.09. Investors have been buying this diversified services company's shares after it released its half-year results. Monadelphous reported a 52.6% increase in net profit after tax to $64.9 million. The company's managing director, Zoran Bebic, said: "Long-term demand in the resources and energy sectors is expected to continue, supported by an improved global economic growth outlook. Continued investment in new and existing operations in Western Australia's iron ore sector is driving demand for both maintenance and construction services, with the energy sector to offer substantial prospects."

The post Why Cedar Woods, Clearview, Emerald Resources, and Monadelphous shares are racing higher appeared first on The Motley Fool Australia.

What did Emerald Resources report?

• Revenue increased 7% to $257.0 million (HY24: $239.7 million)
• NPAT up 23% to $73.1 million (HY24: $59.7 million)
• EBITDA rose 13% to $143.1 million
• Basic earnings per share: 11.08 cents (HY24: 9.09 cents)
• No interim dividend declared
• Net tangible assets per share up 21% to 75.59 cents

What else do investors need to know?

Emerald Resources finished the half with a strong cash position of $299.4 million and additional gold bullion and listed investments bringing the total to $372.7 million. The group remains debt free and unhedged, while its key Okvau Gold Mine in Cambodia contributed ongoing steady production.

Production at Okvau totalled 47,064 ounces at an all-in sustaining cost (AISC) of US$1,104/oz. Sales volumes were 43,678 ounces at a robust average gold price, and the company maintained full-year FY26 production guidance (105–120koz gold at AISC of US$966/oz). Beyond Okvau, Emerald pushed ahead with advancing its fully permitted Dingo Range Gold Project (WA) and Memot Gold Project (Cambodia), both of which reported resource upgrades in early 2026.

What's next for Emerald Resources?

Looking ahead, Emerald Resources is progressing feasibility and development studies at both the Dingo Range and Memot gold projects. These projects are now fully permitted and delivered significant increases to their Mineral Resource Estimates, supporting growth well into FY26 and beyond.

Drilling and exploration continue across core regions in Western Australia and Cambodia, focused on extending known deposits and targeting additional resource growth. The company also aims to finalise maiden ore reserves at both Dingo Range and Memot in 2026, which should underpin project timelines for future production growth.

Emerald Resources share price snapshot

Over the past 12 months, Emerald Resources shares have risen 67%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period. 

View Original Announcement

The post Emerald Resources lifts profit 23% as gold projects drive growth appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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.

View Original Announcement

The post Emerald Resources delivers strong December quarter with growth across Australia and Cambodia appeared first on The Motley Fool Australia.

What did Emerald Resources report?

• Measured, Indicated, and Inferred Mineral Resource Estimate for Dingo Range of 40.9Mt @ 1.1g/t Au for 1.41Moz
• Higher-grade subset: 24.2Mt @ 1.4g/t Au for 1.12Moz
• Ongoing drilling continues to show potential for resource extensions at depth and along strike
• Project now fully permitted for mining, with regulatory approvals granted in December 2025
• Maiden ore reserve and Definitive Feasibility Study (DFS) underway and set to be finalised following this update

What else do investors need to know?

Emerald's drill programs at the Dingo Range are continuing, focusing on both open pit and underground potential. Recent drilling at the Boundary Prospect has returned encouraging high-grade results, and results from down-plunge extension drilling are expected in the short term.

The project is now fully permitted for mining, with a Clearing Permit approved following the Mining Proposal and Mine Closure Plan in late 2025. This clears the way for Emerald to move into project development once the works approval is received.

What's next for Emerald Resources?

The focus for the rest of 2026 is on converting the newly updated resource into a maiden ore reserve, finalising feasibility studies, and progressing the Dingo Range Gold Project towards development. Emerald also plans ongoing drilling campaigns to further grow the resource base and test the underground potential at several prospects.

With all key regulatory approvals now in place, the company is aiming to begin full development activities in calendar year 2026. In parallel, similar progress is underway at the Memot Gold Project in Cambodia, supporting Emerald's aspiration to become a 300,000 to 400,000 ounce per year gold producer.

Emerald Resources share price snapshot

Over the past 12 months, Emerald Resources shares have risen 107%, strongly outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

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The company said in a statement to the ASX on Wednesday that the project now had an indicated and inferred mineral resource estimate of 45 million tonnes of ore at a grade of 1.2 grams per tonne of gold, for a total of 1.7 million ounces of gold.

This was a 27% increase from the previous estimate, the company said, with a 22% increase in the high confidence "inferred" classification.

Future looking bright

Emerald Managing Director Morgan Hart said the company was progressing its plans well.

This update, together with the recent grant of the Industrial Mining Licence and execution of the Mineral Investment Agreement, positions the Project to commence development in 2026. Ongoing exploration work, including extensional drilling at Memot, is expected to further expand on the resource and future reserves. "Progress at the Memot Gold Project, together with continued advancement of our 100% owned Dingo Range Gold Project in Western Australia and strong performance from our 100% owned Okvau Gold Mine in Cambodia, signals a period of significant growth for Emerald.

Mr Hart said the company remains "firmly on track to deliver its objective of becoming a 300,000 to 400,000 ounce-per-annum gold producer''.

Building a regional base

The company applied for a gold exploration licence at Memot, 95km from its Okvau gold mine, in 2021.

The company has since spent US$26.7 million on exploration at Memot, which it says equates to a discovery cost of $18 per ounce of gold.

The company is envisaging a contractor-operated open-cut mining program at the site, where it is continuing to drill for more resources, as it said:

The Memot Gold Project remains open along strike and at depth, with drilling ongoing to test mineralisation in both directions. Access for effective lateral extensional drilling targeting the north-east trending intrusion is currently being hampered by rice paddy farming. The current land purchasing program is underway and is expected to open up areas planned exploration drilling for additional resource extension.

A 16,000m infill drilling program has also started, designed to improve confidence in the mineral resource estimate.

Emerald Resources shares hit a record of $7.45 on the news before settling back to be 5.4% higher at $7.41.

The shares have more than doubled from lows of $3.24 over the past 12 months. The company was valued at $4.64 billion at the close of trade on Tuesday.

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