Jupiter Mines Limited (JMS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and I would like to welcome everyone to the Jupiter Mines Q1 call. Today we have Jupiter Managing Director and Chief Executive Officer Brad Rogers and Chief Financial Officer Melissa North to provide a brief update on the first quarter of the 2026 financial year and then we will open up to questions from callers. Thanks Brad, please go ahead. Thank you and thanks very much for joining the call everyone. As usual I will just give some overarching remarks in respect of the key points from the quarterly activities report that was released to the market this morning and then I'll allow time for any questions at the end of those opening remarks. So the quarterly activities report that was released this morning for the first quarter, the September quarter of our 2026 financial year summarises a very solid start to the year in line with our expectations. And I'll run through some of the details in a moment. But in summary, the operational outcomes in every respect were in line with what we expected and in line with our full year targets. We had costs that were pleasingly in control particularly given headwinds from a strengthening rand against the us dollar a build in cash at chippy notwithstanding chippy distributed a 300 million rand dividend to jupiter and to the other shareholders of chippy which we passed on adding our own cash to that dividend to our shareholders during during the quarter so Good outcomes operationally in line with our full-year targets, and obviously that's what we're trying to do as we build through the financial year. I'll get into the details also on the manganese market, but through this quarter we saw a slight strengthening in manganese prices and pretty good downstream demand from a manganese alloy perspective, and that meant that ...