Champion Iron Ltd (CIAFF) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Champion's third quarter results of the financial year 2026 conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If anyone has any difficulties during the conference, please press star zero for operator assistance at any time. I would now like to turn the conference call over to Michael Marcotte. Please go ahead. Thank you, operator, and thank you, everyone, for joining us here to discuss our third quarter results. Before we get going, I'd like to highlight we'll be using a presentation that's available on our website at championiron.com. I'd also like to highlight that throughout this call, we'll be making forward-looking statements. If you want to read more about forward-looking statements, risk, and assumptions, you can also visit our MDNA, which is also available on our website. Joining me here today includes many of our executives, including David Catterford, our CEO, who will be doing the formal portion of the presentation, and our COO, Alexandre. With that, I'll turn it over to David. Thanks, Michael. Thanks, everyone, for being on the call today. I'm very happy to be able to present the fiscal year 2026 third quarter results. In terms of the highlights, so we managed to produce roughly about 3.7 million tons during the quarter. and sold just shy of 3.9 million tons also during the quarter. One of the big highlights as well is we've continued to improve on our cash costs. So our cash costs delivered in the vessel in Setil was just below $74 per ton, which translated in the quarter, when you look at the realized price of an EBITDA of $150 million, a little bit less than the previous quarter, but the main difference was ess...