Catalyst Metals (ASX: CYL)

Announced reduced guidance, the share rice is down 20% in early trading on the ASX.

The company sold 27,229oz of gold at an AISC of A$3,512/oz, with production of 22,231oz. Production was impacted by lower staffing levels. There was a A$40m cash build for the quarter after all operating, corporate, capital, and exploration
costs.

 

 

 

.

 

 

.

	Catalyst Metals	ASX : CYL
	Stage	Exploration / development
	Metals	Copper / Gold
	Market cap	A$1 Billion   @ A4
	Location	Murchison, Victoria,  Australia
	Website	www.catalystmetals.com.au

 

 

 

Catalyst Lower Guidance, Shareprice Falls

 

September 2026 Quarterly Report
Quarterly Highlights

• Gold sold was 27,229oz at an AISC of A$3,512/oz, with production of 22,231oz
• Production was impacted by lower staffing levels
• A$40m cash build for the quarter after all operating, corporate, capital and exploration
costs
• Plutonic Belt Reserves increased to 2Moz, supporting ±200koz pa for ±10-years
• Reserve growth of 1.8Moz under Catalyst’s three-year ownership at a cost of A$125/oz
• Revolving credit facility increased from A$100m to A$200m and extended to four years – the facility remains undrawn

 

.
Growth & Exploration

• Trident underground development continued with crews starting day and night shifts
• Grade control drilling of the Old Highway open pit commenced giving encouragement of its progress towards production; grade control drilling at Cinnamon commenced post
quarter end
• Drilling at Cinnamon confirmed mineralisation in parallel conglomerate units –
demonstrating potential for repeat high grade zones to that of the existing Reserve

 

.
• Financial and Corporate

• Operating cashflow was A$80m2, of this, A$13m was re-invested in growth projects
(including Trident, Keillor and Baltic mine development), A$10m in non-discretionary
capital and A$17m in exploration leaving a cash build of A$40m
• Cash and bullion at quarter end was A$371m, an increase of A$40m on the prior quarter
• Catalyst is debt free with undrawn debt facility of A$200m and liquidity of A$571m
FY27 Guidance
• Trident and Old Highway gold production has been deferred from FY27 to FY28. While
this will see a re-organisation of the nearer-term schedule, the long-term production
target of ±200koz pa remains unchanged, as does the underlying 2Moz Reserve base and
A$571m of liquidity that underwrites this organic expansion
• Whether the extent of this re-organisation is material is not yet clear

 

.

To read the full report please click HERE

 

+++++++

 

To view the latest share price and chart, please click HERE

To View Catalyst Metal’s historical news, please click here

.The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Catalyst Metals

.

.