Catalyst Metals Achieves Stable Gold Production and Strengthens Financial Position

Catalyst Metals Limited ( (AU:CYL) ) has provided an update.

Catalyst Metals Limited reported stable operational performance for the December quarter with gold production and sales remaining consistent. The company successfully paid off its debt and ended the year with significant cash reserves, positioning it well for its planned expansion. With a plan to double production in the Plutonic Gold Belt and a robust exploration program underway, Catalyst is poised for growth. The company’s efforts to resolve legacy issues and improve its balance sheet have strengthened its financial standing, allowing it to self-fund future growth initiatives.

More about Catalyst Metals Limited

Catalyst Metals Limited is a gold production company operating primarily in Central Western Australia and Tasmania. It produces approximately 110,000 ounces of gold annually from its Plutonic and Henty operations. Its flagship project is the Plutonic Gold Belt, which spans 40 kilometers and includes the Plutonic Gold Mine. The company also controls a significant strike length near the Bendigo goldfield, with plans to increase its production to 200,000 ounces by bringing new mining areas into production at low capital intensity.

YTD Price Performance: 19.77%

Average Trading Volume: 1,002,153

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$698.3M

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