By Digifin Pty Ltd · About this coverage
Key Points
- Gold production of 76,849 ounces at an AISC of A$3,529 per ounce
- Underlying free cash flow of $95.7 million before a $50.7 million break fee
- Cash and bullion of $886.7 million, with no corporate debt
- Standalone FY27 guidance of 355,000 to 375,000 ounces
- Genesis Minerals scheme on track for implementation in late November 2026
About Vault Minerals (ASX:VAU)
Vault Minerals Limited is an ASX-listed gold producer with its head office in South Perth, Western Australia. It operates the Leonora, Mount Monger and Deflector gold operations in Western Australia and the Sugar Zone operation in Ontario, Canada. Copper is produced alongside gold at Deflector.
Vault Minerals (ASX:VAU)' September quarter report shows the business generating cash while it pays a break fee on the terminated Regis Resources merger and moves towards a scheme of arrangement with Genesis Minerals.
Gold production was 76,849 ounces, with sales of 79,085 ounces at an average realised sales price of A$6,023 per ounce and an AISC of A$3,529 per ounce. Leonora produced 44,467 ounces at an AISC of A$2,885 per ounce, Mount Monger 15,320 ounces at A$3,865 per ounce, and the Deflector Region 17,062 ounces of gold and 76 tonnes of copper at A$4,987 per ounce, including a $307 per ounce non-cash inventory charge. The company describes operational results as mixed, with a slow start at the underground operations where manning and equipment constraints impacted production. Underlying free cash flow was $95.7 million before payment of the $50.7 million break fee, and cash and bullion was $886.7 million, with no corporate debt and no gold hedge exposure. Growth investment was $59.5 million. The stage 2 KoTH processing facility upgrade was completed ahead of schedule and on budget, and underground operations at Sugar Zone recommenced on 1 July 2026. Standalone FY27 guidance is 355,000 to 375,000 ounces at an AISC of A$3,150 to A$3,350 per ounce, with 380,000 to 400,000 ounces in FY28.
The upgraded KoTH facility is expected to be fully commissioned only after performance testing scheduled for late October 2026. The Genesis scheme is not yet implemented and is on track for late November 2026.
Source: Vault Minerals Limited (ASX:VAU), 22 October 2026. Summary content supplied by Digifin Pty Ltd.
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