MGX Resources Limited. (MGX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining today's teleconference for the release of Mount Gibson Iron's September Quarter Activities Report. Mount Gibson Chief Executive Officer Peter Kerr will be leading the discussion and is joined by Chief Financial Officer Jill Dobson and External Relations Manager John Facius. Mr Kerr will provide a brief overview after which there will be an opportunity to ask questions. Due to time constraints, only institutional participants will be invited to ask questions at that time. A recording of the call will also be available via the Mount Gibson website shortly after the completion of today's teleconference. Thank you and go ahead please Peter. Thanks Lisa. Good morning everyone and thank you for joining us to discuss Mount Gibson's September 25 quarterly report. As usual I'll give a brief overview before handing back to Lisa for any questions and just as a reminder all currency we mention on the call is denominated in Australian dollars unless otherwise stated. So the September quarter was much as we'd flagged. The shipments were steady while we completed the last phase of bulk stripping and set the mine up for increased production in the coming 12 months, its final 12 months of operation. As expected, we drew down marginally on the group's cash reserves and we now expect to reverse that situation as production moves progressively and cash costs reduce. Operationally, we remain focused on safely maximising shipments and cash flow from Kulin Island over the next 12 months. In addition to this, we're also excited about completing and moving ahead with our $50 million acquisition of the Harm Control Tanami gold project. As we said on our last call, we view this transaction as an attractive opportunity to advance one of Australia's larger and highest-grade...