Jupiter Mines Limited (JMS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

morning, and I would like to welcome everyone to the Jupiter Minds Q3 call. Today, we have Jupiter Managing Director and Chief Executive Officer, Brett Rogers, and Chief Financial Officer, Melissa North, to provide a brief update on the third quarter of the 2025 financial year, and then we will open up to questions from callers. Thanks, Brad. Please go ahead. Thanks very much and good morning, everyone. Thanks for joining us. You will no doubt have seen our March quarterly activities report that was released to the market this morning. You'll see in that report that this is a business performing very well and that's reflected in that quarterly activities report. As usual, I'll just give some overview comments touching on the key outcomes and themes that are summarised in that report and then I'll turn the line over to any questions that you may wish to ask. So just starting with sales and production levels, sales were up 14% on last quarter, and overall, if we're looking at the financial year track, we're on track to deliver the 3.4 million tonnes for the full financial year that we typically seek to target. So nine months in, we're on track for that, and that was supported by that strong sales quarter that we just delivered. Similarly, production was up 15% on last quarter, and that's enabled us to build quite strong stockpiles, more than three months of high-grade ore at normal sort of 3.4 million tonne per annum run rate levels are sitting in stockpile currently. So good sales, but even better production. Realised prices quarter-on-quarter were 8% higher, and I'll come back to what's going on with Anganese prices and the market more generally later on in my comments. And you'll also have noted that cost of production decreased by 15% quarter-on-quarter, so that's ...