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Black Cat Syndicate Ltd. ( (AU:BC8) ) has issued an update.
Black Cat Syndicate Limited reported a robust June 2025 quarter with a significant increase in gold production, reaching approximately 16,500 ounces, a 33% rise from the previous quarter. The company maintained a strong cash position of $55 million despite a $20 million payment for the Lakewood processing facility, with further payments due in November 2025. Looking ahead, the company anticipates further growth in the September 2025 quarter, projecting production between 19,000 to 23,000 ounces. This growth is supported by ongoing operations at Myhree and Boundary open pits, as well as the commencement of the Fingals open pit and Majestic underground operations. Despite planned maintenance shutdowns, Black Cat Syndicate remains optimistic about its production capabilities and market positioning.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.10 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 Limited operates in the mining industry, primarily focusing on gold production. The company is involved in processing and recovering gold from various operations, including Lakewood, Paddington, Kal East, and Paulsens, with a strategic focus on increasing production and optimizing its processing facilities.
Average Trading Volume: 4,557,284
Technical Sentiment Signal: Buy
Current Market Cap: A$573.1M
Learn more about BC8 stock on TipRanks’ Stock Analysis page.