PDI Gold (PDI) Q4 2026 TU earnings summary

Executive summary

• Completed transformational merger with Robex, creating a leading diversified West African gold producer with two operating mines and a major development project.

• Achieved strong operational momentum, with Kiniero/Kiniéro exceeding nameplate capacity and Nampala delivering steady output.

• Gold poured reached 64,026oz in the June 2026 quarter, up 33% quarter-over-quarter, with sales up 17% to 48,924oz and revenue up 8% to US$217.3M.

• Maintained robust cash and bullion balance of US$364.3M at quarter end, supporting ongoing development and exploration.

• Strategic investment in Awalé Resources for US$10M expands exploration exposure in Côte d'Ivoire.

Financial highlights

• Group gold poured: 64,026oz (+33% QoQ); gold sales: 48,924oz (+17% QoQ); revenue: US$217.3M (+8%).

• Group all-in sustaining cost (AISC) averaged US$1,408/oz, up 18% QoQ; Kiniero/Kiniéro at US$1,254/oz, Nampala at US$1,974/oz.

• Free cash flow for the quarter was US$29M; cash margin from operations reached US$112M.

• Net cash (excluding bullion and restricted cash): US$194M as of 30 June 2026.

• Debt outstanding: US$130M (Sprott senior secured facility).

Outlook and guidance

• 2026 production guidance reaffirmed at 198,000–220,000oz gold poured, with AISC guidance of US$1,300–1,500/oz.

• Kiniero/Kiniéro expected to contribute 157,000–174,000oz at US$1,100–1,300/oz AISC; Nampala 41,000–46,000oz at US$2,000–2,200/oz.

• Bankan project expected to underpin next growth phase, with FID targeted post-exploitation permit in 2026 and no increase to US$463M capital estimate.