Key Highlights

  • Gold sold during the quarter totalled 27,229 ounces at an all-in sustaining cost of A$3,512 per ounce.
  • Gold production for the quarter was 22,231 ounces, with lower staffing levels affecting output.
  • Cash increased by A$40 million for the quarter after operating, corporate, capital and exploration spending.
  • The total recordable injury frequency rate fell from ten to seven.

Catalyst Metals Limited (ASX:CYL) published its September 2026 quarterly report on 30 October 2026, covering production, costs and cash at its Plutonic Gold Belt operations in Western Australia. The company's flagship asset is a 40 kilometre belt that currently produces about 100,000 ounces a year from three mines. The report also notes that three further mines are being brought into production.

Production and Costs

Gold sold in the quarter totalled 27,229 ounces, with production of 22,231 ounces. The all-in sustaining cost was A$3,512 per ounce, a measure that includes sustaining capital and other costs alongside the direct cost of mining and processing.

Production was affected by lower staffing levels during the period, according to the report. The company did not attribute the cost level to a single factor in the summary.

Cash Generation

The company recorded a A$40 million cash build for the quarter after all operating, corporate, capital and exploration payments were made. The figure reflects the net movement across the period rather than a separate income item.

The company's cash generation is linked to its gold sales volume and costs in the period, so the result will vary with production and pricing in future quarters.

Safety and New Mines

The total recordable injury frequency rate fell from ten to seven during the quarter. The calendar year-to-date figure has fallen below six, which the company attributes to a better understanding of operating across the full length of the belt.

Catalyst is bringing three new mines into production: Trident underground, Cinnamon and Old Highway. The report does not give start dates for each mine, so the effect on output will become clearer as they ramp up.

Final Word

Catalyst Metals' September quarter combines gold production of 22,231 ounces with a A$40 million cash build and an all-in cost of A$3,512 per ounce. The company is preparing three new mines alongside its current operations on the Plutonic Gold Belt. Subsequent quarterly reports will show how production and costs develop as the new mines come on stream.