Focus Minerals (ASX: FML) Soars 180% on Profit Breakthrough and Surging Gold Prices 

Shareholders Rewarded as Focus Minerals Delivers Profit and 180% Stock Surge

Focus Minerals (ASX: FML) has delivered an extraordinary run for shareholders, climbing 180 percent over the past month as the company reported a profitable interim result. For a long time, investors in small cap gold producers have been waiting for operational leverage to show up in earnings, and Focus has finally delivered. The company generated AUD 22 million in EBITDA and AUD 77 million in revenue, representing a 76 percent increase year on year.

This turnaround is not happening in isolation. Gold prices have surged to USD 3,868 per ounce, driving renewed investor demand for alternative assets. Many producers are now becoming not only profitable but cash-generative as the commodity cycle provides strong tailwinds. For Focus, the shift from promise to profitability signals that the business may be entering a new phase of growth.

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Focus Minerals Strengthens Balance Sheet with AUD 250m Laverton Sale and Record Gold Output

Focus Minerals is an Australian gold producer with operations in Western Australia. The company’s key asset is the Coolgardie Gold Project, which includes the Three Mile Hill processing plant. During the most recent period, the plant processed 361,000 tonnes of ore, delivering a record gold pour of 3,874 ounces in June. Across the full period, Coolgardie processed 712,000 tonnes of ore, resulting in gold sales of 11,326 ounces at an average realised price of AUD 4,803 per ounce, along with 1,000 ounces of silver credits.

A major strategic development this year was the sale of the Laverton Gold Project to Genesis Minerals Limited for AUD 250 million in cash, completed on 4 June. The proceeds were used to repay approximately AUD 174.8 million in loans and interest owed to its major shareholder, Shandong Gold. This transaction eliminated a substantial debt burden and strengthened Focus Minerals’ balance sheet, providing the company with greater financial flexibility for capital management and future growth initiatives.

The Investors’ Takeaway for FML

For investors, this represents a strong display of financial discipline from Focus Minerals’ management team, who are clearly prioritising the company’s balance sheet health. With debt now fully cleared and approximately AUD 74 million in cash on hand, the business has created a margin of safety that supports reinvestment into growth. If sales and profitability continue to improve, management may also be in a position to pursue future asset acquisitions, providing potential avenues to enhance long-term shareholder value.