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ASX:EMR

12 stories mentioning ASX:EMRUpdated 6d ago

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Asia

Emerald Resources Posts Higher Gold Production, Sales in June Quarter; Shares Up 3%

Emerald Resources' (ASX:EMR) Okvau gold mine operations in Cambodia recorded June quarter gold production of 27,072 ounces at an all-in sustaining cost (AISC) of $818 per ounce, according to a Friday filing with the Australian bourse.The mine produced 19,115 ounces of gold in the June 2025 quarter at an AISC of $1,318 per ounce, an earlier filing showed.The company posted June quarter gold sales of 25,932 ounces at an average gold price of $4,491 per ounce.Gold sales in June 2025 quarter was 16,866 ounces at an average gold price of $3,297 per ounce.The company expects fiscal 2027 gold production of 100,000 to 115,000 ounces at an AISC of $980 to $1,080 per ounce.The company's shares rose past 3% in recent Friday trade.

ASX:EMR
Asia

Emerald Resources Says Extensional Drilling at Cambodia Gold Mine Continues to Deliver Gold Mineralization, Shares Jump 5%

Emerald Resources (ASX:EMR) said underground and open-pit extensional drilling at the Okvau gold mine in Cambodia continued to deliver significant gold mineralization during the June quarter, according to a Monday Australian bourse filing.It encountered intercepts of 18 meters at 16.67 grams per tonne grade of gold from 535 meters, as well as four meters at 19.53 g/t grade of gold from 529 meters.Near-mine resource and ore delineation drilling at the Okvau North prospect returned high-grade intercepts including 12 meters at 12.96 g/t grade of gold from 18 meters.Drilling at the Dingo Range project in Western Australia targeted resource infill, open pit extensions, and underground development potential at the Boundary and Great Northern deposits during the quarter, returning high-grade mineralization.Its shares jumped 5% in recent trading on Monday.

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Asia

Emerald Resources Appoints MACA Mining as Preferred Mining Contractor

Emerald Resources (ASX:EMR) executed letters of award with MACA Mining, a Thiess Group subsidiary, appointing the latter as preferred mining services contractor for Emerald's Dingo Range Gold Project in Western Australia and Okvau Gold Mine in Cambodia, subject to final binding agreements, according to a Friday Australian bourse filing.MACA will deliver drill and blast, load and haul, run-of-mine crusher feed, mine development, and ancillary services at Dingo Range under a 74-month contract valued at around AU$562.5 million, with mobilization expected in December, per the filing.The agreement at Okvau extends the March 2020 mining contract to include development and mining of stages 8 and 9, and extends the term through February 2030, the filing added.

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Asia

Emerald Resources Strong Cash Generation Offsets June Quarter Production Miss, Euroz Hartleys Says

Emerald Resources (ASX:EMR) delivered June quarter gold production within quarterly guidance despite missing its full-year production target, while strong margins, low costs and solid cash generation supported its long-term growth outlook, Euroz Hartleys said in a Thursday note.The company produced around 27,000 ounces of gold from its wholly owned Okvau mine in Cambodia during the June quarter, lifting fiscal 2026 output to around 100,000 ounces, below its guidance of 105,000 to 120,000 ounces and slightly under the research firm's forecast of 102,000 ounces.All-in sustaining costs (AISC) for the June quarter are expected at around $880 an ounce, near the lower end of guidance, with fiscal 2026 costs forecast to remain within the company's guided range.Euroz Hartleys said cash and bullion rose 18% quarter-on-quarter, lifting total liquidity to about AU$468 million, with the balance likely to increase further by quarter-end due to the timing of gold sales and receipts.The research firm estimated an average realized gold price of about $4,520 per ounce for the quarter, implying an AISC margin of roughly $3,640 per ounce, with Okvau still generating strong cash flow despite higher growth capital expenditure.The research firm cut its fiscal 2026 production forecast to 100,000 ounces while keeping costs at $995 per ounce, and also lowered fiscal 2027 and fiscal 2028 output estimates to 120,000 and 287,000 ounces respectively, citing a slower ramp-up at Dingo Range and Memot projects.It also cut its net asset value estimate 1% to AU$7.17 per share but kept a positive view, citing the company's unhedged gold exposure, rising production, exploration success, and strong balance sheet supporting full funding of its development pipeline.Euroz Hartleys maintained its buy recommendation on Emerald Resources and lowered its price target to AU$7.75 per share from AU$8.15 per share.

ASX:EMR
Asia

Emerald Resources Reports 27,000 Ounces of Gold Production at Cambodia Mine in June Quarter

Emerald Resources (ASX:EMR) said its Okvau gold mine in Cambodia produced around 27,000 ounces of gold during the June quarter, with output remaining within its quarterly guidance range of 25,000 to 30,000 ounces, according to a Thursday Australian bourse filing.The company said indicative all-in sustaining costs (AISC) for the quarter are expected to be at the lower end of guidance at about $880 per ounce, per the filing.The gold production for fiscal year 2026 was around 100,000 ounces, below the 105,000 to 120,000 ounces guidance due to lower output in the early quarters of the year, while AISC is expected to remain broadly in line with guidance at about $966 per ounce, the filing said.The company remains fully funded, debt-free and unhedged, and is progressing toward producing over 300,000 ounces of gold per year through expansion at Okvau, development of the Memot project in Cambodia, and its first Australian operation at Dingo Range, the filing added.

ASX:EMR
Asia

Pacgold to Demerge North Queensland Projects to Manda Resources, Shares Up 10%

Pacgold (ASX:PGO) entered into a binding agreement to demerge the Alice River gold project and St George gold-antimony projects, both in North Queensland, into Manda Resources, an entity backed by its major shareholder, Emerald Resources (ASX:EMR), according to a Wednesday Australian bourse filing.Subject to Pacgold shareholder approval, eligible Pacgold shareholders will receive an in-specie distribution of one Manda share for every 6.76 Pacgold shares held, representing 64 million shares in Manda at a deemed issue price of AU$0.25.Manda is expected to raise AU$9 million after a pre-initial public offering (IPO) seed capital raising round. It will then seek to acquire a public unlisted company, Territory Minerals, securing ownership of the Tregoora, Northcote, Atric, and Reedy gold projects, also in North Queensland.Manda received in-principle advice from the ASX that its structure and operations are suitable for a listing and it plans to conduct an IPO late in the year. It expects to raise a minimum of AU$21 million, before costs, subject to market conditions. Manda will seek to offer Pacgold shareholders a priority allocation of AU$2 million within the IPO.Emerald expects to cornerstone the IPO raising and intends to hold around a 19.9% stake in Manda after the IPO.Its shares jumped 10% in recent trading on Wednesday.

ASX:EMRASX:PGO
Asia

Emerald Resources Secures Final Works Approval for Western Australia Gold Project

Emerald Resources (ASX:EMR) received approval from Western Australia's Department of Water and Environmental Regulation for its wholly owned Dingo Range Gold Project, effectively enabling the project to proceed to development, according to a Wednesday filing with the Australian bourse.The regulatory approval covers key infrastructure including the processing plant, power station, tailings storage facility, and associated works required for future gold production, per the filing.The company has completed and commissioned on-site accommodation for construction and operational staff and continues drilling through 2026 to support resource updates, including open-pit extensions and potential underground development, while advancing a maiden ore reserve, the filing said.The company also has committed around AU$30 million to acquire two 8,000 kilowatts Metso SAG mills for its operations, along with a crushing circuit for Dingo Range, the filing added.

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Asia

Emerald Resources Shareholder BlackRock Group Cuts Stake

Emerald Resources (ASX:EMR) shareholder BlackRock Group has reduced its stake in the company to about 54.7 million shares from 62.3 million shares, according to a Friday filing with the Australian bourse.The reduction lowers BlackRock's voting power in the company to about 8.3% from roughly 9.5%, per the filing.Shares of Emerald Resources gained 1% in recent Friday trade.

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Asia

Emerald Resources' Q3 Production Slightly Misses Estimate, Costs Beat Guidance, Says Euroz Hartleys

Emerald Resources' (ASX:EMR) March quarter results delivered slightly lower than expected production but at improved costs, with cash continuing to build, said Euroz Hartleys in a Thursday note.The company's Okvau gold mine operations in Cambodia recorded March quarter gold production of 26,300 ounces at an all-in sustaining cost (AISC) of $897 per ounce.Euroz Hartleys expected 29,000 ounces at AISC of $1,050.The research firm said that the company's AU$42 million cash and bullion addition to the bank showed another "strong" cash generation quarter.Euroz Hartleys maintained its buy rating on Emerald Resources with a price target of AU$8.10.The company's shares fell 5% in recent Friday trade.

ASX:EMR
Asia

Emerald Resources Posts Higher Gold Production in March Quarter

Emerald Resources' (ASX:EMR) Okvau gold mine operations in Cambodia recorded March quarter gold production of 26,300 ounces at an all-in sustaining cost (AISC) of $897 per ounce, according to a Thursday filing with the Australian bourse.The mine produced 19,100 ounces of gold in the March 2025 quarter at an AISC of $1,321 per ounce, an earlier filing showed.The company posted March quarter gold sales of 26,300 ounces at an average gold price of $4,875 per ounce.Gold sales in March 2025 was 26,300 ounces at an average gold price of $2,861 per ounce.The company reaffirmed its fiscal 2026 production guidance of 105,000 to 120,000 ounces, with output expected at the lower end of range, at an AISC that is in line with life-of-mine estimates of roughly $966 per ounce, the filing said.Shares fell nearly 1% in morning trade Thursday.

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Asia

Emerald Resources' Exploration Success Underpins Multi-Asset Growth, Euroz Hartleys Says

Emerald Resources' (ASX:EMR) recent exploration success at the Dingo Range gold project in Western Australia and elsewhere underpins the company's multi-asset growth and production expansion pathway, Euroz Hartleys said in a Tuesday note.Drilling at Dingo Range has confirmed strong mineralization, supported by positive infill results within open-pit resources, and the Freeman's Find deposit continues to extend with strong intercepts, Euroz Hartleys said.Meanwhile, close-spaced reverse circulation infill drilling at the Memot gold project in Cambodia is expected to support reserve conversion while assessing potential ore loss and dilution, and the resource remains open for growth to come.Drilling at the Okvau gold mine continues to show underground upside, supporting mine life extensions and future production beyond the current base of roughly 100,000 to 120,000 ounces per year, which is critical given that the company is already generating significant cash, the equity research firm said.Euroz Hartleys maintained its buy recommendation on the stock with a price target of AU$8.10.Emerald Resources' shares were down 2% in recent Wednesday trade.

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Asia

Emerald Resources Progresses Western Australia, Cambodia Projects Over March Quarter

Emerald Resources (ASX:EMR) said it intersected gold mineralization at its Dingo Range Gold Project in Western Australia, as well as at its Memot Gold Project, Okvau Gold Mine, and exploration tenure in Cambodia during the quarter ended March 31, according to a Tuesday Australian bourse filing.The results were up to 45 meters at 4.1 grams per tonne gold from 619 meters at the Dingo Range Gold Project, including 18.5 meters at 5.2 grams per tonne gold from 641 meters.The company said that exploration since the January mineral resource estimate has targeted both open pit extensions and underground potential at the Dingo Range Gold Project.Drilling results from the Memot Gold Project were up to 2 meters at 50.3 grams per tonne gold from 40 meters and 14 meters at 3.4 grams per tonne gold from one meter, the filing added.Intersections from the Okvau Gold Mine were of up to 3 meters at 59 grams per tonne gold from 347 meters and 22 meters at 1.9 grams per tonne gold from 448 meters.

ASX:EMR

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