Goldminer Catalyst Metals achieved record quarterly production at its key Plutonic Gold Belt as three mines came online.
Catalyst, led by James Champion de Crespigny, told the market it produced 28,176 ounces of gold at an all-in sustaining cost of $2,565 an ounce.
This was up from 17,572 ounces in September, with an average AISC of $2,877 an ounce.
As a result, Catalyst said it maintained its FY26 annual production guidance of between 100,000 to 110,000 ounces, with an average AISC of $2,575 per ounce.
“The record gold production during the quarter is heartening,” the company said.
“The operational risk for the business continues to decline with new mines coming online. Before June 30, we will be producing from four mines on the belt – a fantastic result for the team considering that less than two and a half years ago Plutonic was close to bankruptcy, producing from only one mine.
“Exploration results at Cinnamon are encouraging, with further results expected from Trident, Old Highway and K2 this quarter.”
Debt-free, Catalyst said it had $238 million in cash and bullion at the end of the December 2025 quarter – an increase of $11 million from September 2025, despite being able to increase its spending on both exploration and development of its projects.
On December 2 last year, Elena O'Connor also stepped down as Catalyst's CFO, after being appointed to the position on July 24.
Catalyst shares closed 2 percent higher at $7.83.