Native Mineral Resources has produced 711.5oz of gold doré in its second November smelt, marking three consecutive weekly pours above 700oz at Blackjack. Perth Mint has also confirmed 474.9oz of refined gold from the previous smelt, taking cumulative confirmed gold outturn to 7,667.6oz.
- 711.5oz of gross doré produced on 10 November
- Three consecutive weekly smelts above 700oz
- 474.9oz of refined gold confirmed from the 3 November smelt
- November gross doré production reaches 1,607.4oz
- Latest pour remains subject to Perth Mint assay and outturn
Blackjack delivers third consecutive 700oz-plus smelt
Native Mineral Resources Holdings Limited (ASX:NMR) has recorded a third straight weekly smelt above 700oz at its Blackjack gold operation near Charters Towers, Queensland, producing 711.5oz of gross doré on 10 November. The result brings November’s gross doré production to 1,607.4oz from two weekly smelts, although the latest bars have yet to be assayed and refined by Perth Mint.
The three bars came from both sides of the processing plant: 236.2oz from the gravity circuit and a combined 475.3oz from two elution bars. Final Perth Mint weight, assay and refined gold and silver outturn for the batch are expected next week. That leaves an important gap between the plant’s headline doré figure and the refined ounces that ultimately matter for reported production.
Perth Mint confirms 474.9oz from prior smelt
Perth Mint has confirmed 474.9oz of refined gold and 330.9oz of refined silver from the 3 November smelt, based on an official refinery weight of 882.6oz and a combined gold assay of 53.81%. Together with 519.4oz from the 27 October smelt, Blackjack’s two latest confirmed weekly outturns have delivered 994.3oz of refined gold.
The sequence extends the stronger operating run reported in recent Blackjack production coverage, where the company recorded a record October refined gold outturn and opened November with an 895.9oz doré pour. The latest three weekly smelts have generated 2,541.5oz of gross doré, but only the first two have so far passed through the refinery.
Cumulative gold outturn reaches 7,667.6oz
Since production began in July 2025, Blackjack has produced 19,311.9oz of gross doré and recorded 18,332.9oz as official refinery weight. Confirmed refined outturn now stands at 7,667.6oz of gold and 7,980.7oz of silver, excluding the 10 November pour. More than 60% of the refined gold recorded to date has been produced since the start of June 2026, according to NMR.
That recent concentration of output gives the November run operational significance, though it does not by itself establish how durable the rate will be. NMR Managing Director and CEO Blake Cannavo said mining was continuing at Podosky and the Blackjack Mid Pit, with the company focused on maintaining mill feed through the December quarter.
Latest production still awaits refinery confirmation
There is also a small but material data point for readers checking the filing: its narrative section appears to refer to a 1,474.9oz refined gold outturn for BJM114-117, while the highlights, production table and cumulative totals all state 474.9oz. The consistent figure elsewhere in the announcement is 474.9oz, and the higher figure would not reconcile with the reported totals.
The immediate catalyst is therefore straightforward: Perth Mint’s final outturn for BJM118-120. Until that result arrives, Blackjack’s recent run is best measured as a combination of encouraging doré consistency and an unresolved conversion from plant production to saleable refined metal.
Bottom Line?
Blackjack’s production rhythm has improved, but the next Perth Mint outturn will determine how much of the latest 711.5oz pour becomes confirmed gold revenue.
Questions in the middle?
- Will Perth Mint’s final assay convert the 711.5oz November pour into another 700oz-plus refined gold result?
- Can mining at Podosky and the Blackjack Mid Pit sustain mill feed through the December quarter?
- Will the recent production rate continue once the current high-output sequence is tested over a longer period?