Tassie, Vic gold output clears Kaiser Reef debt as cash hits $40M - SMH.com.au

AI desk brief

Kaiser Reef cleared its Auramet gold loan after a strong September quarter, banking 6,263oz of gold, lifting cash and bullion to A$40m and adding about A$600k a month in operating cash flow. Underlying quarterly cash flow was A$5.6m, more than covering A$2.8m of debt and deferred payments, while output rose from 6,000oz in the prior quarter.

Henty produced 5,692oz gold and 5,259oz silver, with Maldon contributing 572oz gold and marking a third straight quarter of growth. The company now has no hedging in place, FY27 production is targeted at about 32,000oz, and management says the balance sheet is fully funded as it advances underground work and exploration at Maldon.