Significant Increase in Cash Flow
Cash flow increased by 54% to $165 million for the December quarter. The company is ideally positioned to generate a significant step up in cash flow compared to last year.
Strong Safety Performance
The company's TRIF reduced to 5.44, with all operations now having single-digit TRIFs. Safety improvements were highlighted across multiple sites.
Mungari Expansion Ahead of Schedule
The Mungari processing plant expansion is nine months ahead of schedule. Total project cost is forecast to be 6% below the original budget.
Positive Exploration Results
Encouraging exploration results were reported at Ernest Henry, Northparkes, and Cowal. New potential ore sources were identified.
Strong Financial Performance
Record operating and net mine cash flow of $561 million and $263 million respectively. Gearing reduced to 22.6%.