New Murchison Gold Limited has delivered its fourth consecutive month of increasing gold production from the Crown Prince Gold Mine in Western Australia’s Murchison goldfields, coinciding with record Australian gold prices exceeding A$7,000 per ounce.
Progression of Stage 1 pit inside larger Stage 2 pit boundary. Image Credit: New Murchison Gold Limited
The Company has now completed its first full quarter of production, selling 184,746 dry tons of ore at an average grade of 4.0 g/t gold, representing 22,766 ounces of gold for the December 2025 quarter.
Crown Prince has transitioned successfully from ramp-up to steady-state operations, generating strong cash flow and ending the quarter with A$92 million cash at bank.
Alex Passmore, Chief Executive Officer 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.”
In parallel with production success, New Murchison Gold has recently released high-grade drill results from the Lydia Gold Prospect, located approximately 800 meters from Crown Prince and on a granted mining lease. The results highlight the potential to add additional tons and ounces into the existing production pipeline.
“We believe we can leverage off existing infrastructure to bring Lydia online relatively quickly,” Mr Passmore said.
With production growing, a strong balance sheet, and gold prices at record highs, New Murchison Gold is well positioned to continue delivering shareholder value.