EMR 0.14% $3.50 emerald resources nl

* article todayEmerald continues to sparkle, Red 5 eyes...

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    * article today

    Emerald continues to sparkle, Red 5 eyes top of guidance
    One of the ASX’s top performing gold producers Emerald Resources (ASX:EMR) remains on track to hit FY24 guidance of 100,000oz at US$780-US$850/oz all in sustaining costs.

    It produced over 29,000oz in the December quarter — the upper end of guidance between 25-30,000oz — from Okvau in Cambodia, one of the world’s highest margin gold mines.

    It represents another strong result from the $1.9bn capped ASX standout, which is up 140% over the past 12 months.

    The company now has $137.8m in cash and bullion.

    EMR deftly evaded problems plaguing other gold companies during ramp up, and now plans to become a multi-mine 300,000ozpa producer via the Mermot (Cambodia) and North Laverton (Australia) projects.
 
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