Key Highlights

  • Gold production was 20.3 thousand ounces in the September 2026 quarter, down from 27.1 thousand ounces in June 2026.
  • All-in sustaining cost was US$1,210 per ounce, compared with US$818 per ounce in the June quarter.
  • Cash stood at A$483.0 million, and gold sales totalled 23.8 thousand ounces.
  • Production and AISC guidance for the year remain unchanged.

Emerald Resources (ASX:EMR) published its September 2026 quarterly report on 30 October 2026, covering the Okvau Gold Mine in Cambodia, which the company owns 100%. The report shows lower quarterly production and higher all-in costs than in the previous quarter. The company's market capitalisation was about A$4.2 billion at the time of the report, and it said its production and cost guidance remain unchanged.

Production and Costs

Gold production in the quarter was 20.3 thousand ounces, compared with 27.1 thousand ounces in the June 2026 quarter. The all-in sustaining cost rose to US$1,210 per ounce from US$818 per ounce over the same comparison.

Gold sales were 23.8 thousand ounces at an average gold price of US$4,255 per ounce. Pre-tax operating cash flow from the mine was A$112.4 million, down from A$127.3 million in the prior quarter.

Cash and Investments

Emerald reported cash of A$483.0 million, or US$337.0 million, at 30 September 2026. Bullion holdings were A$29.6 million, and listed investments were A$28.3 million.

The company's cash position is therefore built from both mine cash flow and its holdings of bullion and listed investments, which the release reports as separate items.

Guidance and Corporate Activity

Production and AISC guidance for the year remain unchanged, according to the report. The company did not revise its outlook despite the lower quarterly output and higher unit costs.

The release also covers Manda Resources, in which Emerald holds a 19% interest. The Manda acquisitions consolidated interests in the area, and Emerald will retain a cornerstone investment of about 19.9%.

Final Word

Emerald's September quarter shows lower gold output and higher all-in costs compared with the June quarter, while cash remained at A$483.0 million. Guidance for the year is unchanged, so the company's later quarters will indicate whether production recovers toward the planned levels. The Manda consolidation adds a further element to the company's disclosures for the period.