Emerald Resources (ASX:EMR) said it produced 19,062 ounces of gold in the March quarter and all-in sustaining costs of $1,321 per ounce, compared with 31,888 ounces produced in the previous quarter and all-in sustaining costs of $855 per ounce, according to a Tuesday Australian bourse filing.
The gold production was below its declared guidance due to accelerated earthworks and waste movements related to cutback activities restricting floor access to ore zones during the period, while the accessible ore uncharacteristically underperformed, per the filing.
Normal ore access is expected throughout the remainder of the year.
It updated its guidance for the June quarter to gold produced between 25,000 ounces to 30,000 ounces at an all-in sustaining cost of between $900 per ounce and $1,000 per ounce. Its fiscal 2026 production guidance is at a range of 110,000 ounces and 125,000 ounces at an all-in sustaining cost in line with the life of mine of $966 per ounce.
Its shares rose 2% in recent trading on Tuesday.
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