Vault Minerals achieves FY26 gold production target
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The news: Vault Minerals has recorded gold production of 89,338 ounces for the fourth quarter, representing a 14% quarter-on quarter increase.
The context: The fourth-quarter production brings full-year FY26 gold output to 336,540 ounces, landing the figure above the company’s stated group guidance window of 332,000 to 336,000 ounces.
The production rise was driven by processing upgrades at the King of the Hills (KoTH) facility. Stage 1 of the project was commissioned within budget in March, while stage 2 is 71% complete and scheduled for completion in September. The combined expansion will increase the KoTH processing facility’s throughput capacity by 50%.
The miner also recorded fourth quarter underlying free cashflow of $219 million, despite distributing a $74.3 million maiden dividend, executing its share buyback program and funding a $31.2 million settlement to eliminate its remaining hedge position.
The company finished FY26 with cash and bullion of $842 million, zero debt and is fully hedged.
The source: ASX
