Quarterly Activities Report for Period Ended 30 June 2026
Predictive Discovery Limited (ASX:PDI, TSX:PDI) reported its quarterly activities for the three months ended 30 June 2026. The company poured 64,026 oz Au and sold 48,924 oz, with revenue of US$217.3M and AISC of US$1,408/oz. Cash and bullion were US$364.3M. It reiterated 2026 guidance of 198,000-220,000 oz Au and US$1,300-1,500/oz AISC.
How this was made
The 30-second read
Why it matters
The report provides quantified production, cost, and cash generation for the June quarter, reiterates 2026 production and AISC guidance, and discloses Bankan FEED completion and awarded key contracts, which together inform delivery and margin expectations.
Market read
Traders can update near-term expectations for PDI’s 2026 ounce delivery and cost curve using the quarter’s poured ounces, AISC drivers, cash generation, and Bankan execution milestones.
What to watch
Gold sales were affected by shipment timing around quarter-end, so near-term revenue and margin optics may be less clean than production metrics; also, Bankan progress is execution-based and may not translate into near-term ounces.
Background
Predictive Discovery Limited (PDI) publishes its quarterly activities report covering operational performance at Kiniéro and Nampala and project execution at Bankan, plus cash and guidance updates.
Ticker impact
Predictive Discovery reports its June quarter results, including 64,026oz poured, AISC of $1,408/oz, and 2026 guidance reaffirmed at 198,000-220,000oz.
Moderate positive bias for the next few sessions as traders weigh stronger-than-prior-quarter throughput and cash generation against higher AISC and gold price softness.
The article is a primary quarterly activities report with multiple quantified operational and financial datapoints, including guidance and capex/project milestones, which typically moves gold-equity sentiment even without a surprise earnings beat.
Market effects
Adds incremental datapoints on West African gold mine operating performance, including throughput above nameplate and cost inflation drivers (stripping and sustaining capex).
Highlights ongoing execution and cost dynamics in Guinea and Mali, which can influence perceived country and operational risk premia for regional gold producers.
Limited direct global impact; mainly affects sentiment and valuation for gold miners with similar production and cost profiles.
Counterpoint
Higher AISC ($1,408/oz) and realized price decline (to $4,441/oz) could cap upside if investors focus on margin compression rather than volume growth.
Key entities
- companyPredictive Discovery Limited
Subject of the quarterly activities report, covering gold production, AISC, cash balance, and 2026 guidance.
- assetKiniéro gold mine
PDI’s Guinea operation, reporting 54,252oz poured and AISC of $1,254/oz for the June quarter.
- assetNampala gold mine
PDI’s Mali operation, reporting 9,774oz poured and AISC of $1,974/oz for the June quarter.
- projectBankan project
PDI’s development project where FEED is completed and detailed design and key contracts are underway.
- counterpartyRobex Resources Inc
Referenced in a Guinea tax and duties agreement tied to the merger with PDI.
