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Black Cat lifts gold output, strengthens balance sheet and advances growth projects

Story Highlights
  • Black Cat Syndicate delivered record quarterly gold production and strong cashflow, lifting group sales and maintaining a robust A$90.9 million balance sheet.
  • The company advanced expansion and growth initiatives, including Lakewood upgrade works, new high-grade discoveries, antimony drilling success, a cashflow-sharing deal and leadership transition.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Black Cat lifts gold output, strengthens balance sheet and advances growth projects

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The latest update is out from Black Cat Syndicate Ltd. ( (AU:BC8) ).

Black Cat Syndicate reported a strong December 2025 quarter, with record gold production of 25,510 ounces, gold sales of 17,517 ounces generating more than A$110 million in revenue, and operating cashflow before capital of about A$66 million. The company maintained a robust balance sheet with A$90.9 million in cash, bullion and listed investments after completing the A$25 million deferred payment for the Lakewood plant and spending A$31 million on project ramp-ups and A$5.3 million on exploration, while production at both Paulsens and Kal East increased in line with or ahead of outlook. Operationally, Black Cat advanced the expansion of Lakewood from 1.2Mtpa to 1.5Mtpa, secured nearby tenements for future tailings storage, discovered new high-grade zones at the Fingals open pit, progressed antimony growth with encouraging drill results at Mt Clement, and struck a 50/50 surplus cashflow-sharing deal with Dreadnought Resources to develop the Star of Mangaroon open pit, while also announcing a leadership transition with founding managing director Gareth Solly moving to a non-executive role and James Bruce appointed as the new managing director.

The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.

More about Black Cat Syndicate Ltd.

Black Cat Syndicate Ltd is an Australian gold producer focused on expanding production and cashflow through its Paulsens and Kal East operations, underpinned by the Lakewood processing facility near Kalgoorlie. The company is also advancing growth options including the Mt Clement antimony project and regional tenement acquisitions to secure long-term processing capacity and operational scale.

Average Trading Volume: 4,839,601

Technical Sentiment Signal: Buy

Current Market Cap: A$1.14B

For detailed information about BC8 stock, go to TipRanks’ Stock Analysis page.

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