Black Cat Syndicate Ltd Quarterly Activities Report
Key points
- Achieved 100% Black Cat production at Kal East
- Paulsens acquisition, refurbishment, and capital recouped
- Record Paulsens production of 10,620oz
- Record-level operating cashflow of $77M
- Commenced legal proceedings against Barclays Capital Asia Ltd
Full summary
Black Cat Syndicate Ltd is pleased to report activities for the quarter ended 30 June 2026. Major milestones included the first quarter of 100% Black Cat production from Kal East, the recoupment of the Paulsens acquisition, refurbishment, and capital costs from operating cashflow, and record Paulsens production of 10,620oz. The discoveries at Paulsens highlight a broader, more prospective gold system. Group annual gold production was 90,833oz, with 66,296oz being 100% Black Cat production. Quarterly gold sold amounted to 21,660oz at an average realised price of $6,261/oz, resulting in a record-level operating cashflow of $77M. The company also commenced legal proceedings against Barclays Capital Asia Ltd.
Guidance
FY27 guidance on AISC and production expectations will be provided with the FY26 annual results
Outlook
The company is reviewing aspects of the growth strategy in view of geopolitical factors impacting gold and fuel prices.
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