BUNIA, Democratic Republic of Congo, January 22, 2026 — Black & Yellow Minerals SARL ("BYM" or the "Company") today released its audited financial results for the fiscal year ended December 31, 2025, reporting total revenue of US$13.7 million and net operating profit of US$10.9 million in its first full year of commercial operations.
Key financial highlights for the twelve months ended December 31, 2025 include: total gold production of 144.2 kilograms (4,637 troy ounces); average realized gold price of US$95,100 per kilogram; total revenue of US$13.72 million; total operating expenses of US$2.06 million; net operating profit of US$10.94 million, representing an operating margin of 79.7%; and return on invested capital exceeding 1,000% on the initial CAPEX of US$1.06 million.
"These results validate BYM's cooperative consolidation model and demonstrate the exceptional economics available in the licensed artisanal gold sector of the DRC," stated the Chief Executive Officer. "We achieved commercial production within months of equipment deployment and scaled rapidly to meet our base-case production targets. The 80% operating margin reflects both the richness of our concessions and the operational discipline of our team."
Production ramped steadily throughout 2025, from an initial 6.8 kilograms in May to a record 15.1 kilograms in November. The Company operated across two active concession sites — P3 Central Hub and P1 Northern Anchor — with equipment utilization rates averaging 87% during Q3 and Q4. Processing recoveries improved from 78% at initial commissioning to 91% by year-end following optimization of gravity separation circuits.
Looking ahead, BYM has established a 2026 production guidance range of 180-210 kilograms of gold, representing a 25-45% increase over 2025 actuals. The Company plans to activate Concession P2 in Q2 2026 and commence preliminary development work on Concession P4 in H2 2026. Capital expenditure for 2026 is budgeted at US$1.8 million, primarily for additional equipment and processing capacity.
Forward-Looking Statements: This press release contains forward-looking statements regarding BYM's anticipated future production, revenue, and expansion plans. Actual results may differ materially due to factors including gold price fluctuations, geological variability, regulatory changes, and operational risks. Investors should not place undue reliance on forward-looking statements. Contact: BYM Investor Relations — ir@bym-minerals.com.