Catalyst Metals reported an increase in gold production, ending the year with a 41% year-on-year rise at the Plutonic gold mine.

Under Catalyst’s ownership, Plutonic produced 85,000 ounces of gold, compared to 60,000 ounces in the previous financial year.

The boost in output came with only a minor increase in costs, totalling $11 million.

The company reported a strong balance sheet entering FY25, with $37 million in cash and bullion and $45 million in available liquidity.