Catalyst Metals Limited (ASX:CYL) Reports 67% Revenue and 783% Profit Increase in Half-Year
Financial Performance
Catalyst Metals Limited reported a 67% increase in revenues to $224.104 million for the half-year ended 31 December 2024. Profit after tax surged by 783% to $46.294 million, reversing a loss of $6.774 million from the previous year.
Operational Highlights
The company sold 58,435 ounces of gold at an average price of $3,830 per ounce. Plutonic’s gold production reached 44,405 ounces, with ore processing at 723,993 tonnes and a head grade of 2.18 g/t.
Growth Strategy
Catalyst Metals announced a three-year organic growth strategy aiming to double production across the Plutonic Gold Belt by investing approximately $31 million. The plan includes four mines feeding into the Plutonic processing plant, each targeted for a mine life of five years or more.
Safety and Environmental Updates
Catalyst achieved 150 days without a reportable incident at the Plutonic site, reducing the TRIFR from 22 to 8. Investments in mobile fleet and infrastructure upgrades were completed, including a tailings storage facility.
Dividends
There were no dividends paid, recommended, or declared during the current financial period.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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