The latest announcement is out from Catalyst Metals Limited ( (AU:CYL) ).
Catalyst Metals Limited reported a significant financial turnaround for the half-year ending December 2024, driven by increased gold production and rising gold prices. The company achieved a net profit after tax of A$46 million, marking a 783% increase from the previous half-year, and became debt-free after repaying its final gold loan debt. The company’s strategic focus on improving cash flows from its Plutonic and Henty operations allowed it to strengthen its balance sheet, with a 67% increase in sales revenue to A$224 million. This financial performance positions Catalyst well for future growth and expansion in the gold mining industry.
More about Catalyst Metals Limited
Catalyst Metals Limited is a gold mining company operating primarily in the Plutonic Gold Belt in Central Western Australia and the Henty Gold Mine in Tasmania. The company produces approximately 110,000 ounces of gold annually from these operations and plans to expand production to 200,000 ounces by bringing three new mining areas into production. Catalyst also controls a significant strike length north of the historic Bendigo goldfield, with ongoing exploration efforts.
YTD Price Performance: 56.59%
Average Trading Volume: 887,927
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$913M
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