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Vertex Minerals Ltd. ( (AU:VTX) ) just unveiled an update.
Vertex Minerals reported a rise in monthly gold production at the Reward Gold Mine, with output increasing from 84 ounces in February 2026 to 121 ounces in March and 44 ounces of gold on hand at month-end. March gold sales reached 89 ounces for gross revenue of $606,000, supported largely by development and air-leg stope ore as the mine transitions towards more productive stoping.
The company is advancing a series of operational upgrades, including the purchase of modified rail “Muki” booms, negotiations for a narrow vein long hole rig, and the fit-out of additional loaders and underground trucks to enable smaller drive sizes and future long hole stoping. Rehabilitation of declines, ground support works and scheduling improvements are laying the groundwork for accessing lower levels and multiple mining fronts, which Vertex expects will enhance underground production and operational efficiency over time.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.
More about Vertex Minerals Ltd.
Vertex Minerals Ltd. is an Australian gold mining company listed on the ASX under the ticker VTX. The company is focused on underground gold production at its Reward Gold Mine, where it is developing multiple mining areas and investing in specialised narrow-vein equipment to improve grades, reduce dilution and support long hole stoping.
Average Trading Volume: 1,303,883
Technical Sentiment Signal: Sell
Current Market Cap: A$48.72M
Learn more about VTX stock on TipRanks’ Stock Analysis page.