Tribune Resources (TBR) Q2 2025 TU earnings summary

Executive summary

• Processed 49,715 tonnes of ore at 3.77 g/t from EKJV operations, with Tribune's share at 37,286 tonnes.

• Produced 5,369 ounces of gold, Tribune's 75% share was 4,027 oz for the quarter.

• Completed two drill holes at Seven Mile Hill for 651 metres to test for deeper high-grade gold mineralization.

Financial highlights

• Cash and cash equivalents at 31 December were $12.328m, up from $12.031m at 30 September.

• Receipts from customers rose to $56.301m for the quarter.

• Net cash inflow from operating activities was $19.97m, up from $7.477m in the previous quarter.

• Dividends paid during the quarter totaled $16.181m.

• Exploration expenses were $1.068m, slightly higher than the previous quarter.

Outlook and guidance

• Open pit mining at Hornet is scheduled to commence in Q4 FY25, following positive RC drilling results.

• Limited drilling and exploration planned for the Japa project in Ghana in 2025, pending lease ratification.