Rand Mining Ltd (ASX: RND) reported its quarterly activities for March 2025, revealing both positive production figures and a notable shift in cash flow. The company processed 37,117 tonnes of ore from the East Kundana Joint Venture (EKJV) operations at a grade of 4.37 g/t, resulting in a total gold production of 4,909 ounces. Rand’s share amounted to 9,279 tonnes of ore processed and 1,227 ounces of gold produced.
At the end of the quarter, Rand’s entitlement to stockpiles included 26,791 tonnes at a grade of 1.70 g/t, containing 1,461 ounces of gold. Development continued at the Raleigh and Rubicon-Hornet-Pegasus underground mines, with significant advancements in both capital and operating development.
Exploration activities included 2,550 metres of drilling at the EKJV, focusing on infill RC drilling for the Hornet open pit and diamond drilling for the Sadler underground. Assay results are pending and expected to be reported next quarter. No significant grades were received from the first drill hole at Seven Mile Hill Joint Venture.
Financially, the company experienced a decrease in cash and cash equivalents, falling to $2.33 million from $4.61 million at the end of December 2024. Receipts from customers significantly declined by $9.76 million to $6.91 million, attributed to a strategic decision in the previous quarter to increase gold sales for operational costs and dividend distributions. Production costs decreased by $1.16 million due to reduced tonnes mined, while development costs slightly increased. Exploration expenses also saw a decrease of $90k.
Tax payments increased to $2.13 million from $1.65 million. The net cash outflow from operating activities was $1.10 million, a considerable change from the $7.83 million inflow in the prior quarter. The company extended its on-market share buy-back to January 9, 2026, although no shares were bought back during the quarter.
Rand Mining holds interests in various mining tenements in Western Australia, including Kundana and Seven Mile Hill. The company estimates 1.98 quarters of funding available based on current cash reserves and relevant outgoings and anticipates continuing operations by producing and selling gold bullion.
