Catalyst Metals Guides FY27 Production of 90koz to 105koz

Catalyst Metals (ASX:CYL) used its September quarter report to set FY27 production guidance below its earlier general guidance, after deferring Trident and Old Highway production into FY28 and adopting a measured approach to developing new mines.

FY27 guidance is 90koz to 105koz at an AISC of A$3,600/oz to A$4,100/oz, against September 2025 general guidance suggesting FY27 production of 130koz to 150koz. Catalyst attributes the change to delays in Old Highway's permitting and Trident's delayed underground start and slower development ramp up. In the quarter, gold sold was 27,229oz at an AISC of A$3,512/oz, with production of 22,231oz, which the company says was affected by lower staffing levels. Operating cashflow was A$80m, and cash and bullion rose A$40m to A$371m. Catalyst is debt free, and its revolving credit facility was increased from A$100m to A$200m and remains undrawn, giving liquidity of A$571m. Plutonic Belt Reserves increased to 2Moz. FY27 growth capex is guided at A$70m to A$80m and exploration at A$80m to A$90m.

Catalyst says its long-term production target of ±200koz pa is unchanged, but that whether the extent of the re-organisation is material is not yet clear, and work is ongoing on the nearer-term production schedule.