Tribune Resources (TBR) Q4 2024 TU earnings summary

Executive summary

• Processed 49,967 tonnes of ore at 5.82 g/t from EKJV operations, with Tribune's share at 37,475 tonnes for the quarter.

• Produced 8,853 ounces of gold, with Tribune's 75% share equating to 6,640 oz.

• Net cash inflow from operating activities was $3.54m for the June quarter, up from $1.2m in March.

Financial highlights

• Cash and cash equivalents at 30 June were $8.915m, up from $8.770m at 31 March.

• Receipts from customers rose to $26.94m for the quarter, up $9.41m sequentially.

• Production costs increased by $2.24m due to higher tonnes mined; development costs fell by $2.32m.

• Net cash from operating activities for the quarter was $3.54m.

Outlook and guidance

• No planned resource definition drilling for EKJV in the next quarter; focus will be on grade control and resource development at Raleigh (Sadler) and exploration at Ambition.

• Awaiting EPA permit for Japa Gold Project in Ghana following public notification period.