Tribune Resources (TBR) Q4 2025 TU earnings summary

Executive summary

• 75,407 tonnes of ore at 3.85 g/t processed from EKJV operations, with 8,916 ounces of gold produced; Tribune's share was 56,555 tonnes and 6,687 ounces of gold.

• Significant mine development at Raleigh and Rubicon-Hornet-Pegasus (RHP) underground mines, with increased production and commencement of Hornet open pit mining.

• Exploration drilling at EKJV totaled 10,661 metres, targeting resource upgrades at Sadler, Hornet, and Ambition prospects.

Financial highlights

• Receipts from customers rose by $8.858m to $38.810m for the quarter, driven by higher gold sales and prices.

• Production costs increased by $6.256m to $19.731m due to higher mined tonnes and new open pit operations.

• Net cash inflow from operating activities was $5.926m, up from $1.567m in the previous quarter.

• Cash and cash equivalents at quarter end were $12.449m, up from $9.187m at the end of March.

Outlook and guidance

• Ongoing development and production at EKJV underground and open pit mines expected to support continued gold output.

• Exploration programs in Ghana and at Ambition prospect planned for 2025, with pad preparation underway.