Emerald Resources NL (ASX: EMR) Reports Record Gold Production
Record Production Achieved
Emerald Resources NL (ASX: EMR) has reported record quarterly gold production at its 100% owned Okvau Gold Mine in Cambodia. The mine produced 31,888 ounces of gold during the December 2024 quarter, surpassing the guidance of 25,000 to 30,000 ounces.
Operational Improvements Drive Performance
Several operational enhancements were implemented throughout 2024, leading to a significant increase in process plant output. The gold recovery rate rose to 85.4% in the quarter, with plant throughput improving to approximately 586,000 tonnes, a notable step up from previous averages. Cash and bullion on hand at the end of the quarter reached A$243 million (US$151 million). Notably, the indicative all-in sustaining cost (AISC) remained aligned with the guidance of US$810 to US$880 per ounce.
Health and Safety Commitment
Emerald Resources reported no injuries for the quarter, maintaining an industry-leading total recordable injury frequency rate (TRIFR) of zero as of December 2024. A comprehensive update outlining operations and exploration activities is expected to be released in the upcoming December 2024 quarterly report.
CEO’s Perspective
Morgan Hart, Managing Director of Emerald Resources, expressed satisfaction with the record production.
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