Emerald Resources Keeps Production Guidance Steady Despite Cambodia Mine Wall Slip

Highlights:

• Steady Production Targets: Emerald Resources NL maintains its gold production guidance of 25,000 to 30,000 ounces at a grade of 2.0 g/t despite a minor wall slip at its Cambodian mine.
• Temporary Access Impact: The wall slip is expected to affect pit access for the next 21 days, but it did not cause any injuries or equipment damage.
• Cost Management: While the all-in sustaining cost (AISC) may exceed the projected $US810 to $US880 per ounce for the quarter, the company expects to offset these costs with reduced earthmoving expenses in the future.

Output Guidance Remains Unchanged

Emerald Resources NL (ASX: EMR) has announced that it is maintaining its production guidance of 25,000 to 30,000 ounces of gold at a grade of 2.0 grams per tonne (g/t) despite experiencing a minor wall slip at its mining site in Cambodia. The slip has temporarily affected access to the pit, with an estimated impact lasting for the next 21 days.

No Injuries or Equipment Damage

The company assured that the wall slip did not result in any injuries or equipment damage, allowing operations to continue with minimal disruption. Emerald Resources remains confident in its ability to meet its production targets, as it expects to recover from this setback without significant long-term effects on its output.

Potential Cost Implications

At the time of writing, Emerald Resources noted that the all-in sustaining cost (AISC) for the current quarter might exceed the previously forecasted range of $US810 to $US880 per ounce due to the wall slip. However, the company anticipates that this cost increase will be balanced out by a corresponding reduction in earthmoving expenses in future periods.

Outlook Remains Positive

Emerald Resources' ability to maintain its production guidance amidst operational challenges demonstrates its resilience and operational efficiency. The company continues to focus on mitigating the impact of the wall slip while ensuring the safety of its workers and equipment. Investors are likely to monitor the situation closely, but the company's proactive response and steady output forecast suggest a strong underlying operation.

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