Improved Safety Metrics
The quarter closed with a drift of 1.6, a decrease from 1.8 reported in September 2024, indicating improvements in safety protocols.
Mining Authority Approval for New Facility
Received Mining Authority approval for a new tailings facility at MATSA, supporting mining beyond 2040.
Increased Copper Equivalent Production
Group copper equivalent production increased by 5% to 75,100 tonnes, achieving 49% of full-year guidance.
Sustainable Production at Motheo
Motheo achieved a sustainable production rate of 5.6 million tonnes per annum, exceeding design capacity.
Cost Reduction at Motheo
Reduced annual guidance by 7% to $39 per tonne of ore processed and a similar 7% reduction to $1.41 per pound at a C1 unit cost level.
Significant Debt Reduction
Net debt reduced by $57 million to $288 million as of December 31, 2024, with a cumulative reduction of $193 million over nine months.