Jupiter Mines Limited (JMS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. I would like to welcome everyone for the Jupiter Mines Q2 call. Today with Jupiter Managing Director and Chief Executive Officer Brad Rogers and Chief Financial Officer Melissa North to provide a brief update on the second quarter of the 2026 financial year and then we will open up questions from callers. Thanks Brad. Please go ahead. Thank you very much. Good morning. Thanks for joining the call this morning. So we released our December quarterly to the market this morning and I'll just provide as usual a few overview remarks trying to tease out what I think are the key points that are contained within that quarterly activities report and then at the end of the remarks I'll turn the line over to any questions. So those who have had the opportunity to review our quarterly will see that the second quarter of the 2026 financial year reflected another strong operating result. Sales and production both up quarter on quarter and in line with our full year targets. Unit costs in US dollars slightly better as well quarter on quarter and that was a great result particularly because the rand against the longer term trend actually continued to strengthen in this December quarter which was obviously a headwind for USD reported costs. Cash also was steady quarter on quarter at quite healthy levels, notwithstanding we had the usual semi-annual payment of taxes and royalties in the December quarter, so that was a good result as well. From a safety perspective, we unfortunately had two minor lost time injuries in the quarter. Both of those injuries were in the nature of slips and trips. One worker tripping over an exposed rock and sprained his ankle and the cleaner sustaining some lower leg injuries whilst flipping as well, whilst conducting her duty. Both of them, as...