METALS EXPLORATION PLC (MTL) — Final Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the METALS EXPLORATION PLC investor presentation. Throughout today's recorded presentation, attendees will be in listen only mode. Questions are encouraged and can be submitted via the Q and A tab situated on the right hand side of your screen. Before we begin, I'd just like to submit the following poll, which I kindly ask you submit your responses to. I'd now like to hand over to CEO, Darren Bowden. Darren, good afternoon. Good morning. Good morning, Matt. Afternoon my time, but, yeah, good morning to everybody. And online with me is Max Denning, our VP investor relations and business development. He'll be helping me out through the presentation. The presentation is online, but and we're gonna cover certain portions of it today, not all of it. We'll focus on some of the areas, that, we think you'll be more interested in. But, again, any questions, anything you wanna cover, or anything that you wanna do, please submit the questions so we can talk about it afterwards. We think the presentation will take about thirty minutes. And on the back of that, hopefully, we've got a lively q and a session for us to go through. So without further ado, I'm actually moved to slide three, please. Yeah. So just looking at the highlights for the the last twelve months, we had a pretty good year. The as run Reno is running down, our gold gold grade grades are dropping off. So our total production's dropping off, but thank you thanks to the incremental gold price and the fact that our hedging finished in 2024. We had a record free cash year and record revenue on the back of about 65,000 ounces production or just over. So a 115,000,000 in free cash and, on a 208,000,000 revenue. The guidance for 2026, again, as we're ramping down, we're ramping down to the en...