Polymetals Resources Ltd
POL.ASXMaterials
Mineral Exploration
Market Data
$0.835
+0.0%$252.1M
-100000.0x
$-0.303
0.00%
-0.3%
Latest Earnings
March 2026 Quarterly Report
14 April 2026
Polymetals Resources achieved a major operational milestone in Q1 FY2026 with the commencement of mining from the high-grade Upper North Lode (UNL) and first sales of Direct Shipping Ore (DSO), establishing a dual revenue stream. Revenue surged to $27.8M (from $4.6M in prior quarter) driven by DSO sales, while silver production increased dramatically to 547,302 oz with stronger-than-modelled grades due to native silver presence in upper-level oxides. The company ended the quarter with $60.9M in combined cash and net payable metal inventory, positioning Endeavor for sustainable production with an 18+ month UNL mining pipeline. Key points: Commencement of UNL mining with 18,384 tonnes extracted; first 5,500-tonne DSO parcel ready for April shipment, establishing dual revenue stream; Silver production surged 600% to 547,302 oz in Q1 (vs 78,100 oz in DecQ), with stronger-than-modelled grades from native silver in upper-level oxides; Revenue increased 502.6% to $27.8M from DSO sales and concentrate production, with unsold net payable metal inventory worth $37.9M at quarter end
Recent Announcements
Becoming a substantial holder
FIL Limited and its entities listed in Annexure A ("FIL") became a substantial holder (5.10%).
March 2026 Quarterly Report
Polymetals Resources achieved a major operational milestone in Q1 FY2026 with the commencement of mining from the high-grade Upper North Lode (UNL) and first sales of Direct Shipping Ore (DSO), establishing a dual revenue stream. Revenue surged to $27.8M (from $4.6M in prior quarter) driven by DSO sales, while silver production increased dramatically to 547,302 oz with stronger-than-modelled grades due to native silver presence in upper-level oxides. The company ended the quarter with $60.9M in combined cash and net payable metal inventory, positioning Endeavor for sustainable production with an 18+ month UNL mining pipeline. Key points: Commencement of UNL mining with 18,384 tonnes extracted; first 5,500-tonne DSO parcel ready for April shipment, establishing dual revenue stream; Silver production surged 600% to 547,302 oz in Q1 (vs 78,100 oz in DecQ), with stronger-than-modelled grades from native silver in upper-level oxides; Revenue increased 502.6% to $27.8M from DSO sales and concentrate production, with unsold net payable metal inventory worth $37.9M at quarter end
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