Improved Operating MarginsSustained mid-20% EBITDA and ~20% EBIT margins indicate the core mining operation has moved into structurally stronger profitability. Higher margins enhance resilience to zinc price swings, support internal funding for maintenance and growth, and improve long-term cash generation potential.
Positive Operating Cash FlowConsistent positive operating cash flow shows the mining business is generating real cash from operations rather than relying solely on financing. This supports working capital, sustaining capex and debt servicing capacity over the medium term, improving financial flexibility if maintained.
Sizeable Asset BaseA substantial asset base provides tangible backing for operations and potential collateral for financing. It supports the company’s production footprint and offers optionality for asset optimization or project development, underpinning medium-term operational continuity and financing alternatives.