RE: Raglan in production7 Jan 2026 08:53
Turnover is vanity, profit is sanity and cash flow is reality, as the saying goes.
To get Raglan producing gold within a month of completion is shockingly efficient !
"Nearer-term gold production from the Raglan Project is planned to generate revenue for ECR for the first time in the Company's history, aiming to support both ongoing work at Raglan as well as advancing our other projects. The most important of those is Blue Mountain which, based on acreage, is a potentially far larger project. The proximity of the two projects will enable us to share plant and equipment and operational expertise across both sites, aiming to enhance the efficiency of both. We also intend to utilise our A$76 million of tax losses to offset against future production profits.
"With the price of gold - and particularly silver - recently pushing to new highs, timing could not be better. Raglan gives us a low-capex route into production, and the cashflows we expect to generate have the potential to advance our high-potential exploration assets, especially the Lolworth project in Northern Queensland, where recent drilling confirmed a gold-silver system.
"As we look ahead, 2026 is shaping up to be the year that ECR truly evolves from an explorer into a revenue generating gold producer. We look forward to keeping shareholders fully updated as we execute our plans."