Record Financial Performance
Achieved record net profit of $118 million, record EPS of $0.49, and strong free cash flow of $120 million. Ended the quarter with 0 debt and increased cash position by 31% to approximately $300 million.
Production and Cost Performance
Delivered solid production and cost performance in line with full-year guidance. Achieved strong second quarter gold production at Haile of around 48,000 ounces, and Didipio delivered increased gold production of approximately 25,000 ounces.
Strategic Growth and Investment
Progressed on organic growth opportunities, including permitting for the Waihi North project. Continued funding growth and exploration projects, maintaining a strong balance sheet, and executed share repurchases.
Positive Market Environment
Benefited from favorable gold price environment, with a record average realized gold price of just under $3,300 per ounce. Maintained no gold price hedges or prepay agreements, fully capitalizing on the high gold price.