Polymetals Resources (POL) Q1 2027 TU earnings summary

Executive summary

• September Quarter output was below plan after a 10-day ventilation shutdown and disruption from the transition to contract underground mining; Upper Main Lode development began, with first ore expected in the December Quarter.

• Early October production showed improving momentum, while the December Quarter plan targets higher throughput and silver output.

Financial highlights

• Preliminary September Quarter results: 68,334 tonnes processed, 230,256 oz silver, 1,713 tonnes zinc, 1,146 tonnes lead and A$36.8M revenue.

• September 30 cash was A$36.0M, including A$8.0M unrestricted and A$28.0M restricted for the rehabilitation bond; debt was A$17.7M, with both cash and debt higher QoQ.

Outlook and guidance

• December Quarter plan: 105,000–115,000 tonnes processed and more than 350,000 oz silver produced.

• Updated Ore Reserve covering all Endeavor orebodies is scheduled for release in the December Quarter.