Emerald Resources (EMR) Q1 2027 TU earnings summary

Executive summary

• Okvau produced 20,280oz in the September 2026 quarter, generating A$112.4M in pre-tax operating cash flow; FY27 production and AISC guidance remained unchanged.

• Development advanced at Dingo Range and Memot, while exploration drilling returned high-grade results across Okvau, Dingo Range and Snuol.

Financial highlights

• Gold sales were 23,832oz at an average US$4,255/oz, generating US$101.4M in proceeds; 4,976oz of doré remained on hand pending refinery outturn.

• Quarter-end cash, bullion and listed investments totalled A$540.9M (US$377.4M); listed investments were valued at A$28.3M.

• Pre-tax operating cash flow from Okvau was A$112.4M (US$79.4M), versus A$127.3M (US$90.3M) in the June 2026 quarter.

• Total growth expenditure was $41.8M: $29.1M for capital and development and $12.7M for exploration, feasibility and other project costs.

Outlook and guidance

• FY27 production guidance remained 100–115Koz at AISC of US$980–1,080/oz.

• Dingo Range maiden Ore Reserve, Definitive Feasibility Study, updated development schedule and project timeline were expected in the near term; mining fleet mobilisation was scheduled for December 2026.

• Memot maiden Ore Reserve and development update were expected in the short term, following receipt of final infill-drilling assays.