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The latest update is out from Emerald Resources NL ( (AU:EMR) ).
Emerald Resources reported March quarter production of 26,269 ounces of gold from its 100%-owned Okvau Gold Mine in Cambodia, with 26,318 ounces sold at an average price of US$4,875 per ounce and all-in sustaining costs expected at the lower end of guidance around US$900 per ounce. The miner highlighted minimal impact from recent diesel price spikes due to its reliance on grid power, maintained a group TRIFR of zero, and closed the quarter with A$399.3 million in cash, bullion and listed investments after paying nearly US$50 million in Cambodian corporate tax, underscoring strong operational performance and financial resilience.
The most recent analyst rating on (AU:EMR) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.
More about Emerald Resources NL
Emerald Resources NL is an Australian gold producer focused on the Okvau Gold Mine in Cambodia and growth projects in both Cambodia and Australia. The company has a track record of building gold projects on time and on budget and is pursuing significant resource expansion at its Okvau and Memot projects in Cambodia, as well as at the Dingo Range Gold Project in Western Australia.
Average Trading Volume: 1,982,271
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$4.13B
For an in-depth examination of EMR stock, go to TipRanks’ Overview page.