UK's Metals Exploration Q4 gold revenue rises to $63.9 mln

Metals Exploration

28/01/2026 07:11

Overview

Gold producer's Q4 2025 gold revenue rose to $63.9 mln, driven by higher sales volume

Company achieved record FY2025 gold revenue and free cash flow

FY2026 gold production forecast lowered as Runruno mine nears end of life

Outlook

Metals Exploration forecasts FY2026 Runruno gold production at 50,000 - 60,000 oz

Company expects FY2026 AISC for Runruno at US$1,400 - US$1,650 /oz

La India Gold Project on track for production in Q4 2026

Result Drivers

HIGHER SALES VOLUME - Q4 2025 gold revenue increased due to higher sales volume of 16,009 oz at an average price of US$3,995/oz, compared to Q3 2025 sales of 8,833 oz at US$2,889/oz

FAVORABLE GOLD PRICE - Record FY2025 gold revenue supported by a favorable gold price environment, with Q4 2025 average realized price at US$3,995/oz

OPERATIONAL CHALLENGES - Production delays due to Super-typhoon Uwan and a Q3 2025 BIOX cyanide contamination issue impacted FY2025 production

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Gold Revenue
$208.40 mln
FY Free Cash Flow
$115.30 mln


Analyst Coverage

Wall Street's median 12-month price target for Metals Exploration PLC is GBP25.00, about 42.9% above its January 27 closing price of GBP17.50

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nRSb6129Qa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)