President and CEO Cathy Zhai commented, "We are very pleased that the Company has reached a net profit of $22.65 million during Q3, or net earnings of $0.07 per share, which bringing year to date net profit to $53.31 million, or net earnings of $0.15/share. The Selinsing Gold Mine in Malaysia continues delivering favorable production results, together with high gold price, the Company's cash and cash equivalent, and short-term investments in term deposits reached to $101.76 million high, which shall support the Company's growth initiatives."
Ms. Zhai commented on cash deployment to mine expansion program: "Our capital allocation strategy remains focused on creating long-term shareholder value through disciplined investment in our core assets. Exploration drilling at Selinsing continued to demonstrate resource expansion and mine life extension potential, while at Murchison we advanced regulatory, technical, and development planning activities, including evaluation of processing plant alternatives. We believe these initiatives provide attractive opportunities to support future growth and maximize the value of our projects."
Ms. Zhai further added: "In January 2026, early in Q3, the Company issued its first special dividend to shareholders, reflecting both its appreciation for shareholder support and its ongoing commitment to delivering shareholder returns."
THIRD QUARTER OF FISCAL YEAR 2026 HIGHLIGHTS:
Net profit of $22.65 million (Q3 2025: $4.86), or $0.07 per share (Q3 2025: $0.01/share) for Q3 FY 2026, bringing year to date net profit to $53.31 million, or $0.15/share;
Gross margin of $32.47 million for Q3 FY 2026, a 160% increase compared to $12.51 million in Q3 FY 2025;
$101.76 million of cash & cash equivalent ($11.16 million) and short-term investments ($90.60 million term deposits over 90 to 180 days) held by the Company compared to $45 million cash & cash equivalent on June 30, 2025.
Working capital of $108.85 million, representing an increase of $50.31 million from $58.54 million at the end of June 30, 2025;
Production performance:
11,700 ounces of gold produced during the three-month period (Q3 FY 2025: 9,543 ounces);
10,478 ounces of gold sold at a record average realized price of $5,166/oz for gross revenue of $47.04 million (Q3 FY 2025: 8,399 ounces sold at an average realized price of $2,945/oz for gross revenue of $19.85 million);
Cash cost of $1,390 per ounce sold (Q3 FY 2025: $874/oz), reflecting higher royalty expenses and other government fees associated with the record-high average realized gold price achieved during the quarter;
All in sustaining cost of $1,583 per ounce sold for Q3 FY 2026, compared to $1,366/oz in Q3 FY 2025.
Extensive exploration drilling activities were carried out successfully at Selinsing during Q3 FY 2026, supporting continued resource growth potential and future mine life extension opportunities;
A Special Dividend was announced on December 11, 2025, with record date of January 5, 2026, and paid out on January 19, 2026.
On February 18, 2026, the Company was recognized as one of the top-performing companies on the TSX Venture Exchange ("TSXV") for 2025, earning a place on the 2026 TSX Venture 50™ list.
Summary of Third Quarter Fiscal Year 2026 Production and Financial performance
Three months ended March 31,
Nine months ended March 31,
2026
2025
2026
2025
Production
Ore mined (tonnes)
224,398
217,303
645,877
532,531
Waste removed (tonnes)
2,154,912
2,079,437
6,002,316
6,454,008
Gold Sulphide Production
Ore processed (tonnes)
243,367
191,664
707,518
550,976
Average mill feed grade (g/t)
1.67
1.76
1.72
1.78
Processing recovery rate (%)
89.75
88.20
89.69
83.49
Gold produced (oz) (1)
11,700
9,543
35,040
26,215
Gold sold (oz)
10,478
8,399
35,429
26,656
Financial(expressed in thousands of US$)
$
$
$
$
Revenue
47,039
19,847
128,669
59,015
Gross margin from mining operations
32,473
12,511
86,452
35,664
Net Income before other items
28,212
9,296
69,682
26,321
Net income
22,649
4,863
53,306
16,699
Cash flows provided by operations
27,264
11,322
68,352
29,720
Working capital
108,850
38,929
108,850
38,929
