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Catalyst Metals Limited ( (AU:CYL) ) just unveiled an update.
Catalyst Metals Limited reported a quarterly gold production of 17,600 ounces, which was 2,000 ounces below expectations due to issues with the crushing circuit. Despite the production shortfall, the company remains financially robust with A$227 million in cash and bullion and an undrawn A$100 million revolving facility. The development of new mines and exploration activities are progressing as planned, with the company on track to meet its annual production guidance. Catalyst’s strategic focus on expanding its mining operations and increasing production capacity positions it well for future growth, aiming for a 10-year mine life at the Plutonic site.
The most recent analyst rating on (AU:CYL) stock is a Buy with a A$9.00 price target. To see the full list of analyst forecasts on Catalyst Metals Limited stock, see the AU:CYL Stock Forecast page.
More about Catalyst Metals Limited
Catalyst Metals Limited operates in the gold mining industry, focusing on the exploration and development of gold deposits. Its primary assets include the Plutonic Gold Belt in Central Western Australia, where it produces approximately 100,000 ounces of gold annually. The company is expanding its operations by bringing three new mines into production and aims to increase its reserves and production significantly. Catalyst also controls a processing plant and a substantial strike length near the historic Bendigo goldfield, where it has identified a high-grade resource.
Average Trading Volume: 2,273,030
Technical Sentiment Signal: Buy
Current Market Cap: A$2.09B
For a thorough assessment of CYL stock, go to TipRanks’ Stock Analysis page.