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Meeka Metals (MEK) investor relations material
Meeka Metals Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Gold production ramped up to 9,174oz, a 28% increase quarter-on-quarter, reaching the upper end of the ramp-up plan for the December 2025 quarter.
Mine operating cash flow rose to $23.9M, up 91% from the previous quarter, with net mine cash flow at $4.1M after $19.8M in growth capital.
Cash and gold holdings increased to $67.4M at quarter-end, with no significant debt other than equipment finance.
No lost time injuries or significant environmental incidents were reported; LTIFR at 0.0 and TRIFR at 9.5.
Financial highlights
Sales revenue for the quarter was $49.9M from 7,953oz of gold sold at an average price of $6,275/oz.
All-in sustaining cost (AISC) was $2,365/oz, with cash operating cost at $2,095/oz.
Operating cash flow increased to $23.9M, and cash and gold holdings rose to $67.4M from $59.3M sequentially.
Net mine cash flow improved by $13.4M quarter-on-quarter, turning positive after a negative prior quarter.
Outlook and guidance
Plant throughput is expected to increase to 600,000tpa in the March 2026 quarter following installation of a larger mill feed chute and new screen deck.
Ore stockpiles are anticipated to continue growing, providing operational flexibility and supporting future production.
Development of the second underground mine at Turnberry is set to commence in mid-2026.
Exploration drilling will focus on expanding resources at Rosapenna and along the Fairway shear zone.
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