Record Cash Flow and Financial Performance
Generated record cash flow of $308 million for the quarter and just under $800 million for the year, underpinned by $2.3 billion of operating cash flow. Ended the year with $760 million in the bank and repaid all FY '26 debt commitments.
Safety and Operational Achievements
Improved TRIF by 35% over the prior year, reaching its lowest point at under 5%. Met original group guidance and safely delivered on the plan with consistent quarter-on-quarter performance.
Exploration Successes
Significant exploration results at Mungari and Northparkes, with potential for further resource growth. Discovered the Solomon vein, adding over 300,000 ounces of gold to the resource at Mungari.
Cowal's Strong Contribution
Cowal delivered $855 million in operating cash flow, more than the acquisition cost, with a net mine cash flow of $600 million.
Capital Management and Debt Repayment
Improved gearing to 15% from 25% at the start of the year, a 40% reduction. Successfully renewed $525 million revolver facility through August 2028, remaining undrawn.