New Murchison Gold (ASX: NMG)

Reported strong 2026 production and financial numbers.

The Non Executive Chairman addressed shareholders.

 

 

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	New Murchison Gold	ASX: NMG
	Stage	Development
	Metals	Gold
	Market cap	A$861 million  @  A$0.79
	Location	Murchison, Western Australia
	Website	www.newmurchgold.com.au

 

 

New Murchison Gold 2026 Results

 

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The Chairman’s address to shareholders

 

“It is a pleasure to present the 2026 Annual Report for New Murchison Gold Limited (“NMG”, “New Murchison Gold”, or “the Company”) covering key activities and highlights for the period ended 30 June 2026.

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“The past nine months of this transitional reporting period has been remarkably successful for your Company, as we developed the first open pit gold mine at Crown Prince Gold Operation and rapidly grew the cash position.

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“The outstanding performance at Crown Prince has enabled the Company to evolve and aggressively pursue growth. The Company secured approval to mine in late June 2025 and completed a first blast on 30 June, followed shortly after by first ore sales in September 2025.

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“The cash generated by operations was used both to improve balance sheet strength and invest back into exploration. Early success from this investment has already been delivered, with our second open pit gold mine, Cloudkicker (located on the Crown Prince mining lease), cleared for development in June 2026.

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“Further drilling helped deliver a Mineral Resource Estimate update in June 2026 which more than replenished ounces mined at Crown Prince. Importantly, the new Mineral Resource Estimate provided foundations for feasibility studies into development of the
Crown Prince underground opportunity and potential open pit deposits at Lydia and Abbotts.

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“The administration of the Company has progressed in tandem with the operating growth, with the Company changing year end from 30 September to 30 June to align with our gold producer peers on the ASX.

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“This change will facilitate better performance benchmarking and comparability for market analysts, which we believe is in shareholder interests. With steady state operations achieved, our operations team is now focussed on optimising the Crown
Prince open pit and the new Cloudkicker open pit.

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“Reflecting the Company’s appetite for growth, we have established an in-house Projects team which is studying the feasibility of near-term mining opportunities
on our advanced prospects. We have also appointed a General Manager of Exploration and Growth to build and guide our exploration team as we aggressively explore our prospective tenure in the Murchison.

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“I would like to take this opportunity to thank our hard-working management team led by CEO, Alex Passmore, and my fellow directors, Mal Randall, Joanne Palmer and Mark Adams. I also thank our expanded exploration, project, operations, and administrative staff for their great work over a very busy period.

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“Of course, I also thank you, our loyal long standing as well as new shareholders, for your ongoing support. I am excited by the outlook for the Company in 2027 as we work to continue executing on our strategy, including to generate ongoing cash flow from Crown Prince and increase exploration of our prospective and extensive ground holding in the Abbotts Greenstone Belt in the Murchison region of Western Australia.”

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Rick Crabb
Non-Executive Chairman

 

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2026 HIGHLIGHTS

Operational Financial
Gold ore produced and sold
516,925 tonnes
Revenue $272 million
Attributable gold ounces sold 54,952 ounces
Net Profit before tax $182 million
Attributable AISC $2,882/ounce
Net Assets $209 million
Ore Reserve at 30 June 2026 90,800 ounces
Net Cash from Operations $195 million
Mineral Resource at 30 June 2026 353,700 ounces
Cash on hand at 30 June 2026 $201.7 million
Debt and Hedging Nil

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To read the full news release please click HERE

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Disclosure

At the time of writing the author holds shares in New Murchison Gold.

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