Latest Free Cash Flow News

Anax Metals has moved its Whim Creek copper-zinc project closer to a targeted investment decision, backed by strong feasibility economics and new drilling. But the annual report makes clear that development still depends on securing further funding, with the auditor warning of a material uncertainty over going concern.

Bellevue Gold delivered record FY26 production and free cash flow while cutting its hedge book by more than half. The next test is whether higher FY27 output and greater spot-price exposure can convert operational progress into materially stronger cash generation.

Ramelius Resources has lifted its FY30 production outlook to as much as 610,000 ounces while committing up to A$570 million of growth capital in FY27. The plan puts a larger Mt Magnet processing hub at the centre of the company’s expansion, but also raises the execution and cost stakes.

South Port New Zealand delivered record FY26 earnings and cargo volumes, lifting its annual dividend to 29.0 cents per share. The next test is whether its core Southland trade can hold up as one-off wind farm cargo disappears and the port enters a leadership transition.

Carnavale Resources is approaching the final stretch of its bankable feasibility study for the 80%-owned Kookynie Gold Project, backed by a 120,000-ounce resource and strong metallurgical recoveries. The project still requires financing, a toll-treatment agreement and final economic modelling before it can move from promising study to mine development.

Dreadnought Resources has sharply reduced its FY2026 loss while building a larger exploration portfolio and advancing two high-grade gold deposits toward potential production. The ASX-listed explorer ended the year with $15.7 million in cash, but remains dependent on funding until operating income arrives.

Moody’s has affirmed Emeco’s Ba3 corporate family rating with a stable outlook, citing lower leverage, strong liquidity and the growing contribution from maintenance services. The rating remains constrained by Emeco’s smaller scale and exposure to mining-sector cycles.

Horizon Oil has used its Pareto Securities presentation to put record FY26 production, enlarged reserves and a multi-country drilling pipeline at the centre of its growth case. The stronger platform comes with a test: convert a long list of projects into sustained cash flow while preserving shareholder returns.

Orezone Gold has outlined a 14-year plan for its newly acquired Casa Berardi mine, targeting 1.63 million ounces of production and an after-tax NPV of US$1.05 billion. The economics are substantial, but the plan remains a preliminary assessment built partly on Inferred Resources and requires significant capital and permitting work.

James Hardie has raised its FY27 Free Cash Flow target to at least US$600 million and expects to deliver its US$125 million cost synergy target roughly a year early. The company also outlined a 4% to 7% annual organic growth ambition above market, while targeting net leverage below 2.0x by Q2 FY28.

Kalamazoo Resources is moving Ashburton from exploration story to development proposition, backed by a positive Mt Olympus Scoping Study and extensive drilling. The next test is whether the updated resource, feasibility work and funding can turn the project’s preliminary economics into a mineable plan.

Otto Energy’s attempt to sell its Gulf of America assets as a package has produced no actionable transaction, with GC 21’s decommissioning liabilities emerging as the central obstacle. The company will now pursue a separate sale of SM 71 while weighing other ways to manage GC 21.