Australia's Emerald Resources falls on lower-than-expected quarterly gold production

Emerald Resources NL

24/06/2025 04:35

** Shares of Emerald Resources EMR.AX fall 2.5% to A$4.495, their lowest since June 12

** The gold explorer anticipates its flagship Okvau gold mine will produce 21Koz for June quarter, below forecast of 25Koz–30Koz

** Co produced 28.2Koz of gold in the same quarter last year

** Stock on track for worst day since June 16, if trend persists

** Stock up 38.3% YTD, including moves in current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))