Kaiser Reef Limited (ASX: KAU) reported gold production of 6,000 ounces for the quarter ending June 30, 2026, across its two primary Australian assets. The production output came from the Henty gold mine in Tasmania and the Maldon gold project in Victoria. Alongside these results, the company disclosed a closing cash balance of A$37.2 million.

Operational performance during the quarter saw some variability. While Henty faced initial grade-control challenges and stoping delays related to remnant mining, management stated that these issues were successfully resolved as the period progressed. Despite these temporary setbacks, the company remains focused on its long-term objectives.

"Kaiser delivered 6,000oz of gold production across Henty and Maldon during the quarter, repaid debt and continued reinvesting into the business."

"We head into the September Quarter with a fully funded balance sheet, clear operational priorities at both assets and a strong focus. Kaiser's strategy remains unchanged: disciplined production growth, reserve expansion, and building long-term value from our dual-asset platform."

— Brad Valiukas, Managing Director

The company utilized its cash flow to manage its balance sheet and support asset infrastructure. Financial activities during the period included a gold loan reduction of 312 ounces, equating to approximately A$1.9 million, alongside investments in Henty’s tailings storage facility and ore pad expansion. Furthermore, capital was allocated toward strategic land purchases and exploration setup at the Maldon project.

Looking ahead, Kaiser Reef has reaffirmed its production guidance of 32,000 ounces of gold for the upcoming financial year. The company plans to maintain its momentum through a dual-track approach to development. At Henty, ongoing development drilling will continue to prioritize reserve growth and mine-life extension. Simultaneously, the company is preparing for further exploration and activity at Maldon to better define the potential of that high-grade project. With a fully funded balance sheet, the firm is positioning itself to execute these operational priorities across its dual-asset portfolio throughout the next several quarters.

Read the full announcement: Production and Cash Balance Update