Mmg Ltd Ord (MMLTF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

President of Africa Operations and Mr. Chen Xuesong, President of Las Bambas. Please take a moment to note the disclaimer on the screen. This presentation should be read together with the company's interim results announcement for the six months ended 30 June 2026, released on 11 August 2026. The presentation contains forward-looking statements that are subject to risk and uncertainties, and actual outcomes may differ from those statements. So we will start today's presentation. Today we will cover the company's overall performance for the first half of 2026, our financial results, and our strategy and outlook. In addition, following a very strong period of resource growth, we will also provide a dedicated update on our latest resource growth results and what they mean for MMG's future developments. The management team will take questions after the presentation. I will now invite our CEO, Mr. Ivo Zhao Jing, to begin. Thank you, Godfrey, and welcome everyone to today's results presentation. In the first half of 2026, MMG remained focused on safety, operational stability and growth. We continued to advance stable production across our mines, progress key projects and improve costs while delivering a record interim result. I'll begin with an overview of our performance for the first half. As always, I would like to start with safety. Safety is MMG's most important value and the foundation of everything we do. No matter the market environment or stage of growth, there is no trade-off between safety and results. In the first half of 2026, our safety performance improved compared with the same period last year. Our significant event frequency with energy exchange was approximately 0.6 per million hours worked. Total recordable injury frequency was approximately 2.1 per mil...