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15 stories mentioning ASX:CYLUpdated 20d ago

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Asia

Pantoro Could Become Takeover Target as it Works to Regain Market Trust, Euroz Hartleys Says; Shares Gain 6%

Pantoro (ASX:PNR) is expected to be susceptible to a potential takeover as the company attempts to regain market trust over the next six to 12 months after its June quarter production missed expectations, Euroz Hartleys said in a Friday note.The quarterly gold production of 18,028 ounces trailed the investment firm's estimate of 24,000 ounces and brought fiscal year 2026 production to 77,408 ounces. The full-year result missed the company's downgraded guidance of 86,000 to 96,000 ounces."We doubt the market will believe that this is the final reset for [Pantoro] until numerous quarters of guidance is achieved," the equity research firm said.It flagged Ora Banda Mining (ASX:OBM), Bellevue Gold (ASX:BGL), Catalyst Metals (ASX:CYL), Gold Fields, Regis Resources (ASX:RRL), and Capricorn Metals (ASX:CMM) as parties that could be interested in Pantoro, noting that some of those potential bidders are trading at large premiums to Pantoro's roughly AU$800 million market cap.Euroz Hartleys lowered its fiscal year 2027 production forecast for Pantoro to 93,000 ounces at an all-in sustaining cost of AU$3,102 per ounce from a previous estimate of 103,000 ounces at AU$2,850 per ounce.It maintained a speculative buy recommendation on Pantoro while reducing the target price to AU$3.53 per share from AU$6.52.The company's shares advanced 6% in recent Friday trade as the broader materials sector also gained.

ASX:BGLASX:CMMASX:CYLASX:OBMASX:PNRASX:RRL
Asia

Australian Shares Fall; Catalyst Metals Enters Gold Forward Contracts for 30,000 Ounces at AU$6,075 Per Ounce

Australian shares declined again on Thursday as investors reacted to another rise in oil prices after the US conducted fresh strikes on Iran.The S&P/ASX 200 Index fell by 0.26%, or 22.60 points, to close at 8,762.50.Brent crude oil futures rose over 1% to trade around $78 per barrel as the US struck Iran in fresh strikes. US President Donald Trump said the ceasefire with Iran was effectively "over."Gold fell for three consecutive sessions to around around $4,080 per ounce.On the domestic front, the International Monetary Fund (IMF) lowered Australia's economic growth estimate for 2026, citing the drag from higher global energy prices and softer global momentum resulting from ongoing geopolitical tensions.In company news, Catalyst Metals (ASX:CYL) entered into gold forward contracts for 30,000 ounces of gold at a fixed price of AU$6,075 per ounce, with deliveries spread evenly over 15 months at 2,000 ounces per month starting in August, representing 2% of reserves or one quarter of production.FDC Consolidated Holdings (ASX:FDC) shares jumped over 13% in Thursday's trade as the construction firm made its debut on the Australian exchange. The company raised AU$400.8 million in its initial public offering through the issue of about 133.6 million shares at a price of AU$3 each.Steadfast Group (ASX:SDF) extended its exclusivity agreement with the Amwins Group and Dragoneer Investment Group consortium after the bidders reaffirmed their commitment to a proposed AU$6-per-share cash acquisition of the company through a scheme of arrangement.

ASX 200ASX:CYLASX:FDCASX:SDF
Asia

ASX Midday Sector Update: Energy Stocks Advance, Consumer Staples Sector Struggles

Energy stocks continued to rally, advancing nearly 2% at midday on Thursday, as oil prices surged after the US conducted fresh strikes on Iran.Woodside Energy Group's (ASX:WDS) shares rose past 1% in recent trading.On the flip side, the materials sector fell past 1%. Gold fell for three consecutive sessions to around around $4,080 per ounce.Catalyst Metals' (ASX:CYL) shares were down over 2% after it entered into gold forward contracts for 30,000 ounces of gold at a fixed price of AU$6,075 per ounce, with deliveries spread evenly over 15 months at 2,000 ounces per month starting in August, representing 2% of reserves or one quarter of production.

ASX 200ASX:CYLASX:WDS
Asia

Catalyst Metals Enters Gold Forward Contracts for 30,000 Ounces at AU$6,075 Per Ounce

Catalyst Metals (ASX:CYL) entered into gold forward contracts for 30,000 ounces of gold at a fixed price of AU$6,075 per ounce, with deliveries spread evenly over 15 months at 2,000 ounces per month starting in August, representing 2% of reserves or one quarter of production, according to a Thursday Australian bourse filing.The company said the recent gold price volatility can be destabilizing, and it will, from time to time, enter into similar short-term price protection contracts to manage its revenue and overall operational stability.

ASX:CYL
Asia

Catalyst Metals Achieves Fiscal 2026 Gold Production Guidance; Shares Jump 13%

Catalyst Metals (ASX:CYL) reported gold production of 31,812 ounces from the Plutonic Gold Belt in Western Australia for the June quarter, bringing production for fiscal 2026 to 104,000 ounces, in line with a guidance range of 100,000 to 110,000 ounces, according to a Friday filing with the Australian bourse.The company's cash and bullion position was AU$323 million at the end of June, an increase of AU$46 million since the end of March, per the filing.Catalyst Metals shares rose past 13% in recent Friday trade.

ASX:CYL
Asia

Catalyst Metals Says Ore from Open Pit at Western Australia Gold Project to be Processed Within the Year

Catalyst Metals (ASX:CYL) said the mining of a small open pit at the Trident gold project in Western Australia was completed in May and ore from the pit has been stockpiled at the project and will be transported and processed at the Plutonic processing plant over the remainder of the year, according to a Tuesday Australian bourse filing.Mining of the pit at Trident began in July 2025. An underground portal was established near the base of the pit, and the development of the underground decline is progressing.Its shares fell 1% in recent trading on Tuesday.

ASX:CYL
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Wednesday.Predictive Discovery (ASX:PDI): -8%, AU$0.86Beach Energy (ASX:BPT): -7%, AU$0.87Orezone Gold (ASX:ORE): -6%, AU$2.28Ora Banda Mining (ASX:OBM): -5%, AU$1.17Alkane Resources (ASX:ALK): -5%, AU$1.52Arafura Rare Earths (ASX:ARU): -5%, AU$0.25Resolute Mining (ASX:RSG): -5%, AU$1.03Genesis Minerals (ASX:GMD): -4%, AU$5.57Catalyst Metals (ASX:CYL): -4%, AU$5.48Capricorn Metals (ASX:CMM): -4%, AU$12.76

ASX 200ASX:ALKASX:ARUASX:BPTASX:CMMASX:CYLASX:GMDASX:OBMASX:OREASX:PDIASX:RSG
Asia

Catalyst Metals Upgrades Mineral Resource Estimate of Western Australia Deposit

Catalyst Metals (ASX:CYL) upgraded the Trident mineral resource estimate to 1.1 million ounces at 5.4 grams per tonne grade of gold from 524,000 ounces at 3.6 g/t grade of gold, according to a Tuesday filing with the Australian bourse.Trident is an underground deposit located north-east of the Plutonic processing plant in Western Australia, the filing said.Mining of a small open pit at the deposit was completed in May, with ore to be transported and processed at the processing plant over the remainder of the year, per the filing.

ASX:CYL
Asia

Catalyst Metals Completes Study to Raise Throughput at Western Australia Plant

Catalyst Metals (ASX:CYL) completed a study to increase throughput at the Plutonic processing plant in Western Australia, according to a Tuesday filing with the Australian bourse.The study, which contemplated increases to between 2.5 million tonnes and 3 million tonnes per year of processing capacity from the current 2 million tonnes per year, indicated a potential low-capital pathway to raise capacity by refurbishing a second processing circuit, the filing said.A decision to increase processing capacity hinges on the success of ongoing exploration in the Plutonic Belt, per the filing.

ASX:CYL
Asia

Catalyst Metals Says Drilling at Western Australia Deposit Shows Potential for Resource Growth

Catalyst Metals (ASX:CYL) said drilling results from the Old Highway gold deposit in Western Australia showed potential for resource growth in areas adjacent to the existing mine plan, according to a Friday Australian bourse filing.The drilling was focused on growing the mine life beyond its current four years, and the program targeted down-dip and up-dip extensions outside of the resource envelope.It encountered intercepts of five meters at 4.7 grams per tonne grade of gold, five meters at 3.7 g/t grade of gold, and two meters at 17.4 g/t grade of gold.Its shares fell 1% in recent trading on Friday.

ASX:CYL
Asia

Catalyst Metals Says Drilling Grows Strike Length at Western Australia's Cinnamon Trend

Catalyst Metals (ASX:CYL) said drill results at the Cinnamon trend at the Plutonic Gold Belt in Western Australia have increased the strike length of this higher-grade zone beneath the planned open pit by 75% to over 700 meters, according to a Wednesday Australian bourse filing.The results were of up to 38 meters at 10.5 grams per tonne gold and 17 meters at 21.5 grams per tonne gold.The company said Cinnamon has the potential to become a sixth underground ore source to feed the centralized Plutonic processing plant, with Catalyst's plan to increase Plutonic's gold production to about 200,000 ounces from 1.5 million ounces of reserves across five mines.Ongoing exploration success at Cinnamon provides greater contingency and lower operating risk to the long-term plan, the company added.

ASX:CYL
Asia

Catalyst Metals Confirms Potential for Growth at Western Australia Deposit

Catalyst Metals (ASX:CYL) confirmed the potential for growth at the Trident deposit in Western Australia following the release of results from recent drilling, according to a Friday filing with the Australian bourse.Results include seven meters at nearly 41 grams per tonne grade of gold, 17 meters at 15 g/t grade of gold, eight meters at 12 g/t grade of gold, and six meters at 12 g/t grade of gold, the filing said.Results have been focused on resource infill and extension drilling at the edges of the current resource, with many intercepts occurring outside the resource envelope, per the filing.

ASX:CYL
Asia

Catalyst Metals Completes Mining at Western Australia Open Pit; Shares Down 6%

Catalyst Metals (ASX:CYL) completed mining at the Trident open pit within the Plutonic Gold Belt in Western Australia, allowing for the establishment of a decline and the development of an underground mine, according to a Tuesday filing with the Australian bourse.Stockpiles generated from the open pit will be transported and blended through the Plutonic processing plant over the remainder of the year, the filing said.First ore from the underground mine is expected in 2027, per the filing.Shares fell 6% in morning trade on Tuesday.

ASX:CYL
Asia

Catalyst Metals Posts Higher Gold Production in March Quarter; Shares Down 4%

Catalyst Metals (ASX:CYL) produced 26,127 ounces of gold in the March quarter at an average all-in sustaining cost (AISC) of AU$2,901 per ounce produced and AU$2,853 per ounce sold, according to a Wednesday filing with the Australian bourse.The company produced 24,329 ounces of gold at an average AISC of AU$2,765 per ounce in March 2025, an earlier filing showed.The company reaffirmed its fiscal-year production guidance of 100,000 ounces to 110,000 ounces, and upgraded its AISC forecast to AU$2,750 per ounce to AU$2,950 per ounce of gold sold from the previous range of AU$2,200 per ounce to AU$2,650 per ounce, the filing said.Shares fell 4% in morning trade on Wednesday.

ASX:CYL
Asia

Catalyst Metals Completes Grade Control Drilling at Western Australia Deposit

Catalyst Metals (ASX:CYL) said it has completed grade control drilling for the first 15 months of underground production at its Trident underground deposit in the Plutonic Gold Belt, Western Australia, according to a Thursday Australian bourse filing.The results were up to 17 meters at 42.7 grams per tonne (g/t) gold and nine meters at 17 g/t gold.The company said the soon-to-be-completed open pit at the Trident gold deposit brings closer a step change in Plutonic's annual gold production to about 200,000 ounces from roughly 100,000 ounces, with underground gold production from Trident forecast to commence in 2027.Catalyst Metals said Trident underground reserves stand at 397,000 ounces at 5 g/t gold and resources at 795,000 ounces at 5.3 g/t, with an anticipated annual production rate of about 60,000 ounces for about 10 years.The company has now developed three mines on the Plutonic Belt, including Plutonic East, the Trident open pit, and K2, with Trident underground set to become the fourth.

ASX:CYL

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