• Strong cash inflows from gold and ore sales of $41.9 million
• Exploration and evaluation expenditure of $3.8 million
• Successful $18.2 million equity raise to fund growth initiatives

Horizon Minerals Ltd has released its quarterly cash flow report for the period ended 30 September 2025. The company reported strong cash inflows from gold and ore sales of $41.9 million, along with additional receipts of $196,000 from other sources. Payments for exploration and evaluation activities totaled $3.8 million, while production costs amounted to $37.2 million. The company also incurred $1.1 million in staff costs and $1.1 million in administration and corporate costs. Horizon Minerals received $3.6 million in funds from a joint venture partner, excluding GST. The company's net cash from operating activities for the quarter was $6.0 million. In the investing activities, Horizon Minerals spent $126,000 on property, plant, and equipment, and $3.8 million on exploration and evaluation. The company also paid $517,000 in stamp duty related to the acquisition of Greenstone Resources Ltd. Horizon Minerals raised $18.2 million through an equity issue, with transaction costs of $1.0 million. The company also repaid $54,000 in lease liabilities. At the end of the quarter, Horizon Minerals had cash and cash equivalents of $34.4 million.

Horizon Minerals Ltd has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance in this announcement.