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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Horizon Gold
Horizon Gold (HRN) investor relations material
Horizon Gold Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 TU earnings summary29 Oct, 2026
Executive summary
Exploration and resource drilling advanced across nine Gum Creek prospects; the project hosts 2.30Moz of gold resources across 37.97Mt at 1.89g/t Au.
Deep drilling at Snook produced the program’s strongest intercept, with 44m at 5.08g/t Au, and extended mineralisation to ~230m below surface.
Financial highlights
Cash at 30 September 2026 was A$16.945m, compared with A$24.045m at the prior quarter end.
Net operating cash used was A$414k; net investing cash used was A$6.816m, including A$6.551m for capitalised exploration and evaluation.
Financing activities generated A$130k net, including A$132k from equity issues and A$2k of transaction costs.
Outlook and guidance
Further Snook drilling is planned ahead of an MRE update early in 2027; Kingfisher, Howards and Melbourne Bitter updates are also targeted for early 2027.
The DFS forecasts a 2.4Mtpa facility, average annual production of 88koz over an initial 10-year mine life, peak annual output of 114koz in year two, and AISC of A$2,995/oz.
Follow-up RC and diamond drilling is planned across all nine prospects; active programs include Kingfisher diamond drilling and Howards RC drilling before moving to Wyooda targets.
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Latest events from Horizon Gold
- DFS confirms robust economics for Gum Creek; execution phase underway, first gold in 2028.HRN
H2 2026 - DFS confirms a high-margin, 10-year gold project with strong funding and exploration upside.HRNQ4 2026 TU
- Gold project restart targets late 2028 production with strong economics and major growth potential.HRNNoosa Mining Conference 2026
- High-grade gold intercepts and $30M capital raise drive exploration and feasibility progress.HRNQ3 2026 TU
- Gum Creek scoping study shows strong economics; FY2024 loss narrows, funding secured.HRNH2 2024
- Improved financials and strong gold prices support Gum Creek's growth and feasibility progress.HRNH2 2025
- Net loss of $121,000, major capital raised, and ongoing feasibility work at Gum Creek amid funding uncertainty.HRNH1 2026
- Gum Creek Gold Project targets a rapid, high-grade restart with major exploration and growth upside.HRNRIU Explorers Conference 2026
- Feasibility Study progresses on schedule with robust funding and promising gold exploration results.HRNQ1 2026 TU
Next Horizon Gold earnings date
H1 20274 Mar, 2027
Horizon Gold
Next Horizon Gold earnings date
H1 20274 Mar, 2027
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