Vault Minerals (ASX:VAU) is expected to produce 356,000 ounces of gold at an all-in sustaining cost of AU$2,790 per ounce, said Euro Hartleys in a Monday note after the company reiterated its production guidance.
The company on Friday reported preliminary September quarter gold sales of 91,477 ounces, consistent with fiscal year 2026 guidance of sales of 322,000 to 360,000 ounces.
The research firm noted that the company is targeting production growth towards 400,000 ounces in fiscal 2028, underpinned by the investment in plant expansions at its Leonora assets for higher sustainable production levels over a long mine life.
Euro Hartleys has maintained a buy rating with a price target of AU$0.74.
Comments