Emerald Resources' Gold Production Falls in June Quarter at Cambodia Gold Mine Operations, Shares Fall 5%

MT Newswires Live
07/30

Emerald Resources (ASX:EMR) reported June quarter gold production of 19,100 ounces from its Okvau gold mine operations in Cambodia at an all-in sustaining cost of $1,318 per ounce, according to a Wednesday Australian bourse filing.

Gold sales during the quarter were 16,900 ounces at an average gold price of $3,297 per ounce.

Its June 2024 quarter gold production was 28,200 ounces at an all-in sustaining cost of $829 per ounce, and its gold sales during the period were 28,600 ounces at an average gold price of $2,345 per ounce.

It updated its guidance for the September and December quarters to both 25,000 ounces to 30,000 ounces at an all-in sustaining cost of $900 per ounce to $1000 per ounce, and for fiscal year 2026 to 105,000 ounces to 120,000 ounces at an all-in sustaining cost in line with life of mine at $966 per ounce.

Its shares fell 5% in recent trading on Wednesday.

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