OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor FML ASX

Focus Minerals Limited

Producer · Gold · AU Rating locked: sign in to view v8.1 · fml-20261102t225750-full
Last 2026-11-06
A$1.79
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$512.9M
EV
A$235.8M
Cash
A$184.6M
Debt
A$0

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory18 documents
FML ASX close, 2 November 2026 (reference price)Market Data · MediumPartial

Reference price from the local ASX price store (market data provider via miners.collect_stock_prices): close A$1.81 on 2 November 2026, volume 305,478, freshness 0 days. Source database data/asx_mining_companies.db.

Document ID
fml-refprice-2026-11-02
Published UTC
2026-11-01T16:00:00Z
Projects
—
Commodities
—
Open original source ↗
Quarterly Activities and Cashflow ReportOperations · MediumPartial

September 2026 quarterly activities and Appendix 5B (released 30 October 2026; a second copy of the same release is a duplicate). 387,029 t processed at 2.22 g/t and 96.6% recovery; 30,011 oz gold sold at A$5,988.89/oz; 5,914 oz mined from open pits and 20,212 oz from Bonnie Vale; cash A$184.6m and A$95.1m term deposit at 30 September 2026; quarter operating cash flow A$96.7m; A$9.8m PPE and A$1.4m exploration investing; dividend A$22.9m paid; no equity issued.

Document ID
fml-q3-2026
Published UTC
2026-10-29T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
Gold futures (GC) spot and trailing averages, 30 October 2026Commodity Data · HighPartial

Local metal price store (data/metal_prices.db, series yahoo_futures:gc): gold US$3,898.90/oz on 30 October 2026; trailing 12-month average US$4,453.68/oz (high US$5,318.40, low US$3,898.90); AUD/USD 1.4236 from the market snapshot. Converted: spot about A$5,550/oz; trailing average about A$6,340/oz.

Document ID
fml-gold-price-2026-10-30
Published UTC
2026-10-29T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
Local management assessment summary (FML)Governance · LowMetadata Only

Local management research product (management/FML/summary.md) built from the issuer website and the annual report. Confirms the executive roster; person-level history and adverse-record coverage are partial, so the assessment is low confidence. Used only as context; no score is taken from it.

Document ID
fml-mgmt-summary-local
Published UTC
2026-10-08T16:00:00Z
Projects
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Commodities
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Local ownership register and substantial holder file (FML)Governance · MediumMetadata Only

Local ownership file (ownership/FML/investors.json) reviewed 9 October 2026: top-20 register at 17 March 2026 (Shandong Gold 180,079,908 shares, 62.84%); substantial holder entry 181,079,908 (63.19%). The one-million-share difference is kept as a caveat.

Document ID
fml-ownership-register-local
Published UTC
2026-10-08T16:00:00Z
Projects
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Commodities
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Half Yearly Report and AccountsResults · HighExtracted

Interim financial report for the half year ended 30 June 2026 (reviewed). Revenue A$256.4m, EBITDA A$142.6m, NPAT A$85.8m, operating cash flow A$87.4m, capex A$29.2m; cash A$122.2m plus A$94.9m short-term deposits; no borrowings; 286,558,645 shares; 8 cent final dividend declared 10 September 2026; income tax payable A$40.8m; Three Mile Hill throughput 705,386 t at 1.85 g/t and 95% recovery; 30,997 oz gold sold at A$6,768/oz.

Document ID
fml-hy-2026
Published UTC
2026-09-10T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
Quarterly Activities and Cashflow ReportOperations · MediumExtracted

June 2026 quarterly activities and Appendix 5B. 350,507 t processed at 1.80 g/t and 95.2% recovery; 12,806 oz gold sold at A$6,377.92/oz; 14,011 oz Bonnie Vale and 5,160 oz open-pit ore mined; quarter operating cash flow A$7.8m; cash A$122.2m at 30 June 2026.

Document ID
fml-q2-2026
Published UTC
2026-07-30T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
AGM PresentationPresentation · LowPartial

May 2026 AGM presentation (mostly image pages). FY25 snapshot: 49,154 oz sold, A$273m gold sales, A$5,556/oz average price; FY25 underground performance 108 kt delivered ore, 7.37 g/t, 25,822 oz gold mined; Q1 2026 plan versus actual; Coolgardie reserves 5.66 Mt for 381 koz at 31 December 2025; resource updates planned for 2026. Used for the FY25 Bonnie Vale ounces mined.

Document ID
fml-agm-pres-2026
Published UTC
2026-05-26T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
Results of Annual General MeetingGovernance · LowPartial

AGM results, 27 May 2026: all six resolutions carried on poll, including re-election of Wanghong Yang, Lingquan Kong and Wenli Cui, the remuneration report (97.7% for after proxies) and an increase in non-executive director pool.

Document ID
fml-agm-results-2026
Published UTC
2026-05-26T16:00:00Z
Projects
—
Commodities
—
Open original source ↗
Quarterly Activities and Cashflow ReportOperations · MediumExtracted

March 2026 quarterly activities and Appendix 5B. 354,879 t processed at 1.90 g/t and 95.4% recovery; 18,191 oz gold sold at A$7,043.39/oz; quarter operating cash flow A$62.2m; cash A$150.2m at 31 March 2026.

Document ID
fml-q1-2026
Published UTC
2026-04-29T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
Annual Report to ShareholdersResults · HighExtracted

Annual report for the year ended 31 December 2025 (audited). Revenue A$301.3m, EBITDA A$133.5m (Note 3), NPAT A$272.4m including the A$203.5m gain on the Laverton sale; operating cash flow A$130.9m; capex A$80.1m; cash A$129.8m, no borrowings; reserves 5.66 Mt at 2.10 g/t for 381,500 oz; Coolgardie resources 42.6 Mt at 1.89 g/t for 2.59 Moz (depleted). Discloses a possible additional current tax of about A$88m if COT and BCT tax losses were unavailable (Note 4).

Document ID
fml-ar-fy2025
Published UTC
2026-03-29T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
Appointment of DirectorLeadership · LowPartial

Appointment of Wenli Cui as non-executive director effective 30 March 2026 (finance department director at a Shandong Gold subsidiary; more than 20 years in mining).

Document ID
fml-appt-cui-2026
Published UTC
2026-03-29T16:00:00Z
Projects
—
Commodities
—
Open original source ↗
Initial Director's Interest NoticeGovernance · LowExtracted

Initial director's interest notice for Wenli Cui: nil relevant interests in securities at appointment (30 March 2026).

Document ID
fml-di-initial-cui-2026
Published UTC
2026-03-29T16:00:00Z
Projects
—
Commodities
—
Open original source ↗
Resignation of DirectorLeadership · LowPartial

Resignation of Zhongshan Song as non-executive director, effective 13 February 2026, for personal reasons.

Document ID
fml-resign-song-2026
Published UTC
2026-02-12T16:00:00Z
Projects
—
Commodities
—
Open original source ↗
Final Director's Interest NoticeGovernance · LowExtracted

Final director's interest notice for Zhongshan Song (ceased 13 February 2026): nil direct and indirect interests.

Document ID
fml-di-final-song-2026
Published UTC
2026-02-12T16:00:00Z
Projects
—
Commodities
—
Open original source ↗
Quarterly Activities and Cashflow ReportOperations · MediumExtracted

December 2025 quarterly activities and Appendix 5B. 414,896 t processed at 1.82 g/t and 93% recovery; 17,813 oz gold sold at A$6,334.21/oz. The Appendix 5B closing cash of A$159.7m does not agree with the audited balance of A$129.8m and the following quarter's opening balance (see conflicts).

Document ID
fml-q4-2025
Published UTC
2026-01-29T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
Quarterly Activities and Cashflow ReportOperations · MediumExtracted

September 2025 quarterly activities and Appendix 5B. 431,346 t processed (371,054 t own ore) at 1.68 g/t and 94.5% recovery; 20,014 oz gold sold at A$5,288/oz; cash A$113.6m at 30 September 2025.

Document ID
fml-q3-2025
Published UTC
2025-10-27T16:00:00Z
Projects
coolgardie-open-pits · bonnie-vale-underground
Commodities
gold
Open original source ↗
Completion of Acquisition of Laverton Gold ProjectTransaction · HighPartial

Genesis Minerals (ASX: GMD) notice that its acquisition of the Laverton Gold Project from Focus Minerals was completed with effect on 4 June 2025 (A$250m cash per the annual report). The project is no longer held by the company.

Document ID
fml-laverton-completion-2025
Published UTC
2025-06-03T16:00:00Z
Projects
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Commodities
—
Open original source ↗
Evidence facts18
shares_basic-company-2shares_basic

286558645 shares

2024-12-31
shares_fully_diluted-company-1shares_fully_diluted

286558645 shares

2025-12-31
revenue-company-1revenue

301263000 AUD

2025-12-31
ebitda-company-1ebitda

133543000 AUD

2025-12-31
npat-company-1npat

272449000 AUD

2025-12-31
operating_cash_flow-company-1operating_cash_flow

130929000 AUD

2025-12-31
capex-company-1capex

80061000 AUD

2025-12-31
shares_basic-company-1shares_basic

286558645 shares

2026-06-30
dividends_per_share_ttm-company-1dividends_per_share_ttm

0.08 AUD/share

2026-11-02
debt-company-1debt

0 AUD

2026-06-30
lease_liabilities-company-1lease_liabilities

2546000 AUD

2026-06-30
book_equity-company-1book_equity

453892000 AUD

2026-06-30
committed_funding-company-1committed_funding

0 AUD

2026-09-30
cash-company-1cash

184585000 AUD

2026-09-30
quarterly_net_burn-company-1quarterly_net_burn

-85359000 AUD

2026-09-30
fml-refprice-2026-11-02-fact-1FML close on 2026-11-02

1.81 AUD/share

2026-11-02
fml-gold-price-2026-10-30-fact-1Gold spot, USD/oz, 2026-10-30

3898.9 USD/oz

2026-10-30
fml-gold-price-2026-10-30-fact-2Gold trailing 12-month average, USD/oz

4453.68 USD/oz

2026-10-30
Conflicts requiring judgment2
  • Shandong Gold registered and substantial holding (shares)

    None

  • Cash and cash equivalents at 31 December 2025 (A$)

    Audited balance sheet (A$129.8m, AR p33) is used; it agrees with the half-year opening balance and the Q1 2026 Appendix 5B prior-quarter column. The Q4 2025 Appendix 5B closing figure of A$159.7m is not used.