New Murchison Gold has reported a strong operational performance following its first full quarter of production, with a smooth ramp up of its Crown Prince gold mine in the December quarter.
New Murchison Gold mined 163,562 tonnes of 4.2 grams per tonne (g/t), producing 21,851 ounces of gold.
Mining focused on the Crown Prince stage 1 pit, underpinning a strong production ramp-up.
Ore mining exceeded the base case model, with a total of 1,338,718 bcm of material mined during the December quarter.
New Murchison Gold sold 187,384 tonnes of ore for the three-month period to December 31, 2025, more than the 150,000 tonnes maximum quantity under the ore purchase agreement with Westgold Resources Ltd.
Both parties agreed to exceed the maximum tonnage for the period to utilise operational capacity.
“The December quarter saw an extremely smooth ramp-up of the Crown Prince mining operation and resulted in the generation of AU$72.3 million cash, providing a great foundation for NMG’s development pipeline and exploration program over its highly prospective Murchison gold fields tenement package,” said New Murchison Gold CEO Alex Passmore.
The company has shifted its exploration focus to assessing underground potential at Crown Prince and advancing near-term open pit development projects including Crown Prince East, Lydia and Abbotts.
New Murchison Gold remains debt-free, unhedged and held AU$92 million in cash as of December 31, 2025.
The company also changed its fiscal year from September 30 to June 30 to align with ASX gold peers, establishing a nine-month transitional period starting October 1, 2025 and ending on June 30, 2026, after which it will move to a standard 12-month financial year.
