A$65.3 Million in Operating Cash Flow at Cobar Since 2018
Key Facts
Aurelia Metals’ Cobar operations generated A$65.3 million in operating cash flow after sustaining capital expenditure in the September quarter of 2026, the highest quarterly level since 2018, according to the company’s report published via Investor PA. The period is the first quarter of fiscal 2027, not the first quarter of calendar 2026 as stated in the previous draft. The company linked the improvement in cash flow to higher metals production during the quarter. It said in its report: "Higher metals production increased operating cash flow." The result puts Cobar’s cash performance at the top of its quarterly results in eight years, while no reliable source confirmed the company’s share price movement when the report was released.
Production in the quarter included 16.2 thousand ounces of gold, 1.3 thousand tonnes of copper, 8.3 thousand tonnes of zinc and 5.2 thousand tonnes of lead, according to Aurelia Metals data. The company links increased production of these metals to higher operating cash flow, making production growth the direct explanation for the reported cash improvement. The production figures comprise gold and three base metals, with zinc accounting for the largest volume by weight. The A$65.3 million cash flow figure applies to Cobar after sustaining capital expenditure; it is not consolidated cash flow for the whole company. These results provide a basis for comparison with the fiscal 2027 production guidance announced by the company.
Aurelia Metals set fiscal 2027 production guidance at 50–60 thousand ounces of gold, 2.5–3.5 thousand tonnes of copper and 26–34 thousand tonnes of zinc, according to its announcement via Investor PA. These ranges come as production is tracked following the quarter, which recorded 16.2 thousand ounces of gold, 1.3 thousand tonnes of copper and 8.3 thousand tonnes of zinc. The annual guidance gives a target range for each of the three metals, while the reported figures include no guidance for lead production. The company says higher metals production lifted operating cash flow in the September quarter, linking the period’s results to its announced production targets for the fiscal year. The guidance provided includes no estimate for cash flow or share price movement.
On projects, the company said work on the Peak processing plant expansion is nearing completion and that it had received final regulatory approval to operate at the expanded rate. Progress on the expansion forms part of the company’s program to develop its operations, alongside continued production at Cobar. It also said the Great Cobar project was progressing to plan, with 506 metres of development work completed during the September quarter of 2026. The two projects add separate operating workstreams to the quarterly results: increased processing capacity at Peak and development progress at Great Cobar. The report provided no completion date for the Great Cobar project or expected additional production from this work.
Among the announced dates, Aurelia Metals will hold an investor call on its results for the quarter ended 30 September 2026 on 28 October 2026 at 10:00 a.m. Australian Eastern Daylight Time, according to company announcements listed via Investor PA. The call gives the company an opportunity to present the period’s results to investors after announcing cash flow, metals production and project progress. It follows a quarter in which gold production was 16.2 thousand ounces, copper 1.3 thousand tonnes, zinc 8.3 thousand tonnes and lead 5.2 thousand tonnes. The meeting also puts fiscal 2027 production guidance and the Peak and Great Cobar projects among the topics related to the company’s performance. No verified share price movement on the report’s release date was available.