New Murchison Gold (NMG) Q4 2026 TU earnings summary

Executive summary

• Achieved strong production and cash generation at Crown Prince Operations, with robust operating margins and no lost time injuries or significant environmental incidents during the quarter.

• Commenced mining at Cloudkicker open pit in late June 2026, expanding operational flexibility and production profile.

• Mineral Resource Estimate for Garden Gully Gold Project increased by 47% after mining depletion, now totaling 4.42 Mt at 2.5 g/t Au for 359,000 ounces.

• Advanced development studies for Crown Prince Underground and Lydia open pit projects, with updated resource and reserve estimates targeted for late September 2026.

Financial highlights

• Sold 156,367 tonnes of ore at 3.2 g/t Au, containing 15,455 ounces Au during the quarter.

• Generated $46.1 million in cash for the quarter, ending with $201.7 million in cash, no debt, and no hedging.

• Attributable gold bullion price for the quarter was A$6,349/oz, with an attributable AISC of A$3,448/oz.

• Net cash from operating activities was $50.9 million for the quarter.

Outlook and guidance

• Cloudkicker open pit expected to add ounces to production and enhance operational flexibility for 2027.

• Crown Prince Underground study on track for completion in September 2026.

• Ongoing technical work and drilling support further resource growth and future production scenarios.