Catalyst Metals posts maiden profit after three years
ASX-listed Catalyst Metals on Thursday reported its first profit, following a transformative three-year period in which the company acquired three companies and evolved from an explorer to a 110 000-oz gold producer with two profitable operations.
The gold miner, which operates the Plutonic mine in Western Australia and Henty mine in Tasmania, posted full-year after-tax profit of A$24-million and earnings before interest, taxes, depreciation and amortisation of A$63-million.
These results were achieved without Catalyst fully benefitting from the rising gold price during the year. In May 2024, Catalyst closed out the final call options inherited when it acquired Superior Gold in 2023. These derivatives cost Catalyst about A$16-million over the 2024 financial year.
Catalyst enters the 2025 financial year unhedged and with greater exposure to the prevailing gold price.
“It is always pleasing for any company to report its maiden profit," said MD and CEO James Champion de Crespigny.
“What we are taking most pride in is the collective efforts of the new Catalyst team over the last 12 months. They’ve demonstrated an ability to consolidate the Plutonic Gold Belt while improving operating efficiencies by 40%. This maiden profit is a testament to the team’s persistence and we look forward to implementing the next phase in the company’s life - our growth and expansion plans across the Plutonic belt,” commented Champion de Crespigny.
Catalyst’s focus for the 2025 financial year is to expand its operations by developing projects along the Plutonic Gold Belt.
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