Black Cat Syndicate sets gold guidance at 80-90koz

• Black Cat Syndicate set its FY27 gold production guidance at 80,000–90,000 ounces.
• The company expects all-in sustaining costs of $3,500–$3,900 per ounce.
• Growth will be driven by mine ramp-ups at Fingals and Majestic, alongside Paulsens.

Black Cat Syndicate (ASX:BC8) expects wholly owned gold production to increase 14–30% in FY27 to 80,000–90,000 ounces.

The higher production range builds on performance in FY26, driven by continued operations at Paulsens and ongoing mine ramp-ups at Kal East.

"Costs will be elevated in the first half as we develop these mines, but with an uplift in grade planned for the second half combined with a business-wide cost and cash optimisation programme starting to deliver we expect a material improvement in performance," said Black Cat Managing Director Chris Stone.

The company expects costs to remain elevated during the first half before unit costs improve in the second half as production increases and higher-grade ore is delivered.

Following the announcement, the Black Cat Syndicate share price was down at $0.79.

Regulatory approval has been secured to expand processing capacity at the Lakewood facility from 1.2 to 1.5 million tonnes per annum.

The business plans to fund infrastructure, resource definition, and mine development projects to lay foundations for future growth.