During the September quarter, Emerald Resources NL (EMR.AX) reported gold production of 22,035 ounces from its 100%-owned Okvau Gold Mine, with 23,249 ounces poured. Production came in below prior guidance due to heavy rainfall late in the quarter, including a significant 24-hour event delivering 114mm of rain, which disrupted pit dewatering and delayed access to approximately 5,000 ounces of high-grade ore scheduled for mining and milling at month-end.
Despite the lower output, cash generation from operations reached A$82.2 million or US$53.8 million—nearly matching the record set in December 2024, when 31,900 ounces were produced and A$89.3 million (US$58.4 million) was generated.
Emerald Resources reaffirmed fiscal year 2026 production guidance of 105,000 to 120,000 ounces.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.