Kaiser Reef Builds Cash Position To $40 Million As Gold Loan Is Repaid
Closing price · 2026-10-26: $0.150 · -6.25%
Kaiser Reef produced 6,263 ounces of gold in the September quarter and increased cash and bullion by $2.8 million to $40 million, while generating $5.6 million in underlying cash flow. It fully repaid its gold loan after quarter-end using Henty operating cash flow, and says Henty’s reserve update effectively replaced mining depletion, maintaining an approximately six-year reserve-based mine life. Underground development at Union Hill has opened up new areas for drilling at Maldon.