Emerald Resources stock keeps FY27 guidance after Okvau slowdown
Published on 11/06/2026 at 02:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOkvau output and growth funding
- September-quarter gold production fell to 20,280 ounces, while all-in sustaining costs rose to 1,210 US dollars per ounce.
- Emerald Resources kept FY27 production guidance at 100,000 to 115,000 ounces and secured an acquisition facility that can reach 400 million US dollars.
- Development work continued at the Dingo Range project in Western Australia and the Memot project in Cambodia.
Emerald Resources reported lower production and higher costs at its Okvau Gold Mine in Cambodia for the quarter ended September 30, 2026, while keeping its FY27 outlook unchanged. The figures were published in a company announcement summarized by SureStone on October 30.
Okvau production slows
Okvau produced 20,280 ounces of gold in the September quarter, down from 27,072 ounces in the June quarter. All-in sustaining costs increased to 1,210 US dollars per ounce from 818 US dollars, while the milled head grade declined to 1.23 grams per tonne from 1.75 grams.
Throughput reached 596,852 dry tonnes, with gold recovery at 86% and plant availability at 98%. Gold sales totaled 23,832 ounces at an average realized price of 4,255 US dollars per ounce. Pre-tax operating cash flow from Okvau was 112.4 million Australian dollars, compared with 127.3 million Australian dollars in the preceding quarter.
Guidance stays in place
Emerald kept FY27 production guidance at 100,000 to 115,000 ounces and maintained all-in sustaining cost guidance of 980 to 1,080 US dollars per ounce. The company also signed a mandate for a corporate acquisition facility of 200 million US dollars, scalable to 400 million US dollars, with Sprott Resource Lending and Macquarie Bank. The mandate does not identify an acquisition target.
Cash, bullion and listed investments stood at 540.9 million Australian dollars at September 30, including 483.0 million Australian dollars in cash. The balance sheet gives management financial capacity to pursue additional projects, although the facility is still at the mandate stage.
Projects broaden the pipeline
At Dingo Range in Western Australia, development continued after all required permits were received, with further orders placed for long-lead processing equipment. In Cambodia, the company is advancing the Memot Gold Project toward a maiden ore reserve while continuing exploration around Memot, Snuol and Okvau.
Emerald Resources business
Emerald Resources explores, develops and produces gold projects in Cambodia and Australia. Its principal operating asset is the Okvau Gold Mine in Cambodia, while Dingo Range and Memot form part of its development pipeline. The company is headquartered in West Perth, Australia, and operates in the basic materials and gold-mining sector.
Emerald Resources at a glance
- Company: Emerald Resources NL
- ISIN: AU000000EMR4
- Ticker: EMR
- Sector: Basic Materials
- Industry: Gold
- Headquarters: West Perth, Australia
- Reporting period: Quarter ended September 30, 2026
Australia's S&P/ASX 200 provides the broader market setting for listed Australian mining companies: current market reports.
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