New Murchison Gold has reported its fourth consecutive month of increased gold production at its Crown Prince mine in Western Australia, driven by record Australian gold prices exceeding AU$7,000 per ounce.
New Murchison sold 184,746 dry tonnes of ore at an average grade of 4 grams per tonne (g/t) of gold at an agreed recovery of 95.9 per cent for the quarter ending December 31, 2025, completing its first full quarter of production.
Crown Prince has now transitioned into steady-state operations, generating strong cash flow and ending the quarter with AU$92 million in cash.
Alex Passmore, CEO of New Murchison Gold, said: “Crown Prince Gold Mine continues to deliver strong ore production to the Bluebird mill, enabling significant cash flow generation for NMG.
“With a strong balance sheet, the company is well placed to advance our near-term production prospects within the broader Garden Gully tenure package.”
New Murchison Gold also reported positive exploration results from the Lydia gold prospect, located approximately 800 metres from Crown Prince.
The results highlight the potential to add additional tonnes and ounces to the company’s existing production pipeline.
“We believe we can leverage existing infrastructure to bring Lydia online relatively quickly,” Passmore said.
New Murchison Gold is well positioned to continue delivering shareholder value given its continuing production growth, strong balance sheet and record high gold prices.