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Catalyst Metals Limited (ASX:CYL)

ALERT: Price-sensitive ASX Announcement for CYL
Current share price for CYL : $5.760 -0.07 (-1.20%)+
Announcement
Release
9 Jul 2026 8:25AM
Price at Release
$5.830
Full Release
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Summary
Catalyst Metals Limited has implemented a gold price protection strategy by entering into forward contracts for 30,000 ounces of gold at a fixed price of A$6,075 per ounce, with deliveries over 15 months starting in August 2026. This arrangement, covering 2% of their reserves or a quarter of production, provides flexibility in managing gold price volatility, ensuring operational stability while allowing potential gains if prices rise. Catalyst, operating the Plutonic Gold Belt in Western Australia, intends to continue utilizing similar short-term contracts to stabilize revenue and operations.
Key Points
  • Catalyst Metals Limited has entered into gold forward contracts for 30,000 ounces at A$6,075 per ounce.
  • Deliveries are spread evenly over 15 months, starting August 2026.
  • The contract represents 2% of Catalyst's reserves or a quarter of its production.
  • The structure allows for early delivery into contracts if prices drop, while maintaining exposure if prices rise.
  • The move is aimed at managing gold price volatility to ensure operational stability.
  • Catalyst plans to enter similar short-term contracts in the future to manage revenue and operations.
  • Catalyst operates in the Plutonic Gold Belt in Western Australia, producing ~100koz annually.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.