Solidcore raises gold output 44% in first nine monthsSolidcore Resources plc increased output of final product in gold equivalent 44% year-on-year to 358,000 ounces in January-September 2026, the mining company said."Gold-equivalent output in the third quarter and the first nine months of 2026 rose 18% and 44% year-on-year to 148,000 and 358,000 ounces respectively, mainly thanks to tolling processing of Kyzyl concentrate at Kazakhmys facilities and the corresponding reduction in inventories," Solidcore said in a statement Friday.Output at the Kyzyl deposit rose 70% to 226,000 ounces, and at Varvarinskoye 14% to 132,000 ounces.Sales volume in the nine months rose 33% to 345,000 ounces of gold equivalent. Third-quarter sales fell 10% year-on-year to 141,000 ounces. The company attributed the decline to a buildup of concentrate inventories early in the third quarter after changes to Russia's gold export rules in the previous quarter, with shipments later returning to normal.Solidcore's revenue rose 83% to $1.575 billion in January-September. Third-quarter revenue was $602 million, up 12% year-on-year. The nine-month increase came from higher gold prices and larger sales volumes.The average realized gold price in the nine months was $4,561 an ounce, compared with $3,315 a year earlier.Net cash stood at $841 million as of Sept 30, up from $648 million at the end of June.The company reaffirmed its 2026 production guidance of 540,000 ounces of gold equivalent, with capital expenditure expected at $510 million.After selling its Russian business, Solidcore remains Kazakhstan's second-largest gold producer. Its largest shareholder is Maaden, which represents a consortium of Omani investors led by Mercury Investments International, a fund owned by the Omani government. (ICE ALMATY)

Fonte notizia: INTERFAX