Tribune Resources' profit surges 410% on strong gold prices, operational results

Tribune Resources Limited recorded a 410.3% surge in statutory net profit after tax, reaching $40,231,975 for the year ended June 30, 2025, up from $7,883,313 in the previous year. This was bolstered by a 48.6% increase in sales revenue to $160,309,625 from $107,899,825. The company’s total assets grew by 11.8% to $350,216,612, with cash and cash equivalents rising to $12,448,796.

The East Kundana Joint Venture (EKJV) claimed production of 499,954 tonnes at a grade of 3.8 g/t, yielding 60,514 ounces of gold. Tribune’s entitlement from this production was 245,789 mined tonnes and 29,724 ounces of gold. The Group's ore stockpile increased by 29,972 tonnes and 1,898 ounces of contained gold during the year.

Exploration activities were notable, with 10,710 meters of RC drilling at the Hornet deposit and 5,117 meters of surface drilling at Ambition. The company also announced a dividend of 20 cents per ordinary share, paid on December 16, 2024.