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Rand Mining Limited (ASX:RND)

ALERT: Price-sensitive ASX Announcement for RND
Current share price for RND : $2.300 0.02 (0.88%)+
Announcement
Release
29 Jul 2026 7:10PM
Price at Release
$2.280
Full Release
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Summary
Rand Mining Limited's quarterly report for June 2026 outlines the financial activities of the company, highlighting a decrease in cash and cash equivalents from $3.78 million at the end of March 2026 to $2.086 million at the end of June 2026. The company reported gold sales of $11.9 million during the quarter, which is $1.42 million less than the previous quarter. Operating cash flows turned negative, with a $900k outflow compared to a $700k inflow in March. Production and development costs increased, partly due to the start of production at Golden Hind, where 102,396 tonnes were mined in May and June. The company engaged in a share buy-back program, although no shares were repurchased during the quarter. Payments to related parties amounted to $200k, including director fees and superannuation. The attached Appendix 5B cash flow report details these financial transactions.
Key Points
  • Decrease in cash and cash equivalents from $3.78m to $2.086m
  • Gold sales of $11.9m, down $1.42m from the previous quarter
  • Negative operating cash flows with $900k outflow
  • Increased production and development costs
  • Production started at Golden Hind, 102,396 tonnes mined
  • No shares bought back during the quarter
  • $200k paid to related parties for fees and superannuation
  • Appendix 5B details financial transactions
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.