EarningsAfter pre-releasing 2024 production that beat the top end of revised annual guidance, CXB has reported adjusted EPS of US$0.05/sh, in line with consensus of US$0.04/sh and our US$0.05/sh estimate.
ProductionQ4/24 production beat the top end of revised annual guidance leading to annual production that exceeded expectations.
Project DevelopmentStarting up Valentine in 2025 is both a risk and an opportunity as a significant step up in production levels, combined with diversifying geo-political risk for the company is positive.