Strong Production Performance
Produced 6,218 tonnes of copper, 8,692 tonnes of zinc, and 12,613 tonnes of lead with zero lost time injuries.
Financial Metrics and Shareholder Returns
Generated revenue of $99.5 million and EBITDA of $39.9 million with a 40% margin. Announced a 4.5p dividend and a $10 million share buyback program.
Cost Management at Kounrad
C1 cost base decreased by $0.6 million despite a wage increase, maintaining a 72% margin.
Renewable Energy Success
Solar plant at Kounrad provided 17% of power requirements, peaking at 22% in May.
Cash Position and Balance Sheet
Strong cash flow with $47.7 million in the bank, bolstered by $18.7 million from selling New World Resources shares and a $1.6 million break fee.