Golconda Gold Releases Galaxy FY 2025 Production Update

Core Viewpoint - Golconda Gold Ltd. reported a significant increase in gold production for FY 2025, achieving 13,020 ounces, which represents a 69% increase compared to FY 2024 [1][7]. Mining Performance - The company mined a total of 135,428 tonnes of ore in FY 2025, with an average grade of 3.46 g/t, compared to 87,695 tonnes at 3.18 g/t in FY 2024, marking a 54% increase in ore tonnes mined year on year at a 9% higher grade [6]. - The Princeton Top mining area was established in Q2 2025, contributing 16,477 tonnes of ore at a grade of 3.03 g/t during FY 2025 [6]. - The mining fleet was expanded with the addition of one new drill rig, three LHDs, and two dump trucks during FY 2025 [6]. Processing Performance - Golconda Gold produced 11,289 tonnes of concentrate at an average grade of 35.9 g/t, containing 13,020 ounces of gold in FY 2025, compared to 6,661 tonnes at 36.0 g/t containing 7,712 ounces in FY 2024, reflecting a 69% increase in gold production year on year [6]. - The company reported provisional gold sales of 10,143 ounces of payable gold at an average realized price of $3,458 per ounce in FY 2025, compared to 6,049 ounces at an average price of $2,394 per ounce in FY 2024, indicating a 68% increase in gold sold at a 44% higher realized gold price [6]. Management Commentary - The CEO of Golconda Gold highlighted that 2025 was a transformational year, with significant investments in mining equipment and the re-establishment of historic mining areas leading to increased production [7].