AUS
NZ
UK
CA
USA
IND
_07_03_2026_03_50_21_133108.jpg)
Predictive Discovery Limited has announced strong gold production results for the June 2026 quarter, driven by substantial output from its Kiniero and Nampala gold mines. The company produced over 64,000 ounces of gold, exceeding nameplate capacities and demonstrating operational excellence. This update reinforces Predictive Discovery's strategic foothold in the West African gold industry.
Key Points
- Predictive Discovery Limited (ASX:PDI)
- Achieved combined gold production of 64,026 ounces in June 2026 quarter
- Kiniero Gold Mine surpassed expected throughput and recovery benchmarks
- Held A$530 million in cash and bullion as of 30 June 2026
- Investors advised to watch for detailed updates in upcoming quarterly report
Kiniero Gold Mine Exceeds Operational Targets
The Kiniero Gold Mine, located in Guinea, delivered outstanding operational results during the June 2026 quarter. It recorded an average plant throughput of 1,113 tonnes per hour, equivalent to roughly 9.0 million tonnes annually, well above its 6.0 million tonnes per annum nameplate capacity. Furthermore, the gold recovery rate improved to 90.5%, reflecting enhanced process optimization and strong plant performance.
Mining activities at Kiniero maintained mill throughput consistently above nameplate capacity, processing 2.2 million tonnes of ore with an average grade of 0.86 grams per tonne of gold. This resulted in the production of 54,252 ounces of gold, confirming Kiniero as a key asset within Predictive Discovery's portfolio.
Nampala Gold Mine Boosts Quarterly Production
In Mali, the Nampala Gold Mine contributed significantly to the quarter’s output. During the June 2026 period, Nampala processed 0.45 million tonnes of ore at an average grade of 0.71 grams per tonne, producing 9,774 ounces of gold. This added to the total quarterly production of 64,026 ounces from both mines.
The combined output highlights Predictive Discovery's strategic emphasis on maximizing existing asset efficiency to generate solid cash flows and support growth ambitions in West Africa's gold sector.
Strong Financial Position with Substantial Cash Holdings
As of 30 June 2026, Predictive Discovery reported cash and bullion holdings totaling A$530 million (US$365 million), including US$80 million in restricted cash. This robust financial standing reflects the company’s solid operational results and prudent financial management.
During the quarter, the company incurred one-off expenses related to merger activities amounting to US$36 million, alongside a royalty buy-back valued at US$9 million. These investments underscore ongoing efforts to optimize the asset portfolio and enhance long-term value.
Bankan Gold Project Nears Construction-Ready Phase
Predictive Discovery’s Bankan Gold Project in Guinea, a long-life growth asset, is approaching construction-ready status. It stands as one of Africa’s largest undeveloped gold projects, with anticipated production of approximately 250,000 ounces annually over more than 12 years, marking a pivotal milestone in the company’s expansion plans.
Once operational, Bankan is expected to significantly increase Predictive Discovery’s production capacity, supporting the company’s target to surpass 400,000 ounces of annual gold output by 2029. The close proximity and operational synergies between Kiniero and Bankan are projected to deliver cost efficiencies.
Strategic Leadership in West African Gold Production
With a portfolio of high-quality assets and proven execution capabilities, Predictive Discovery is well-positioned as a leading gold producer and developer in West Africa. The Kiniero and Nampala mines generate strong cash flows that underpin the company’s growth strategy.
The company’s commitment to sustainable portfolio development aligns with its ambition to become a mid-tier, multi-mine West African gold producer. Advancing the Bankan project alongside existing assets aims to create enduring value for shareholders and stakeholders alike.
Upcoming Quarterly Report to Deliver Detailed Insights
Predictive Discovery plans to publish a comprehensive update on its June 2026 quarter activities later this month. The report will provide detailed information on operational performance, financial health, and strategic initiatives.
Investors and stakeholders are encouraged to review the forthcoming quarterly report for an in-depth understanding of the company’s progress and future prospects. This update will be critical for evaluating Predictive Discovery’s performance and strategic direction.
