Catalyst Metals (CYL) Q1 2027 TU earnings summary

Executive summary

• FY27 production guidance reset to 90–105koz as Trident and Old Highway output shifts to FY28; long-term target of ~200kozpa remains unchanged.

• September-quarter output was constrained by staffing shortages and a processing-plant shutdown; development and exploration continue across the Plutonic Belt.

Financial highlights

• Produced 22,231oz and sold 27,229oz in the September quarter; average realised price was A$6,116/oz.

• AISC was A$3,512/oz on gold sold and A$4,267/oz on gold produced; prior-quarter production was 31,886oz at A$2,666/oz AISC.

• Operating cash flow was A$80m; cash and bullion rose A$40m QoQ to A$371m after capital, corporate and exploration spending.

Outlook and guidance

• FY27 guidance: production 90–105koz; AISC A$3,600–4,100/oz; non-discretionary capex A$30–40m, growth capex A$70–80m and exploration A$80–90m.

• Trident and Old Highway production deferred from FY27 to FY28; Trident underground development and Old Highway permitting delays underpin the revised schedule.

• FY27 production is expected to vary by quarter; the timing and scale of the organic-growth schedule reorganisation remain under review.

• Long-term production vision remains ~200kozpa for ~10 years, supported by a 2Moz Reserve base and existing infrastructure.