InvestSMART

Rand Mining Limited (ASX:RND)

ALERT: Price-sensitive ASX Announcement for RND
Current share price for RND : $2.310 -0.07 (-2.94%)+
Announcement
Release
29 Apr 2026 12:35PM
Price at Release
$2.380
Full Release
download
Summary
Rand Mining Limited reported a 36% increase in ore mined during the March 2026 quarter to 54,164 tonnes at a grade of 2.5 g/t, producing 4,423 ounces of gold. The company's financials showed cash and cash equivalents at $3.78 million, with operating cash flows decreasing by $4.269 million due to higher production costs. The company did not conduct any share buybacks, and their buyback program remains in effect until January 11, 2027. At the Mungari processing plant, Rand's share of processed ore amounted to 30,281 tonnes at a grade of 4.12 g/t.
Key Points
  • Rand Mining Limited's ore allocation at EKJV was 54,164 tonnes at a grade of 2.5 g/t for 4,423 ounces.
  • Total ore mined increased by 36% compared to the previous quarter.
  • Cash and cash equivalents were $3.78 million as of March 31, 2026.
  • Receipts from customers decreased to $13.28 million due to lower gold sales.
  • Operating cash flows decreased by $4.269 million due to increased production costs.
  • The company did not repurchase any shares during the quarter.
  • The buyback program is set to expire on January 11, 2027.
  • Rand's share of ore processed at Mungari processing plant was 30,281 tonnes at 4.12 g/t.
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.