Namib Minerals (NAMM) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.379 Thank you and thank everyone for joining us today for Namib Minerals 2025 Earnings Call. 00:00:05.379 -- 00:00:11.367 Joining me is Telani Sikwila, Chief Executive and Chief Financial Officer of Namib Minerals. 00:00:11.367 -- 00:00:15.232 Please note that we will be making forward-looking statements based on current expectations 00:00:15.232 -- 00:00:19.478 and assumptions, which are subject to risks and uncertainties. 00:00:19.478 -- 00:00:23.584 These statements reflect our views only as of today and should not be relied upon as 00:00:23.584 -- 00:00:27.329 representative of views of any subsequent date. 00:00:27.329 -- 00:00:30.983 These statements are subject to a variety of risks and uncertainties could cause actual 00:00:30.983 -- 00:00:34.345 results to differ materially from expectations. 00:00:34.388 -- 00:00:39.075 A discussion of these factors can be found in our SEC filings, including our Form 20F 00:00:39.075 -- 00:00:41.699 filed on April 2nd, 2026, 00:00:41.699 -- 00:00:46.045 and the risk factors and forward-looking statements in our public communications. 00:00:46.045 -- 00:00:50.211 We do not undertake any duty to update forward-looking statements. 00:00:50.211 -- 00:00:53.035 Today's remarks also reference non-IFRS 00:00:53.035 -- 00:00:57.777 measurements, such as adjusted DBDR and all-in sustaining cost per ounce. 00:00:57.777 -- 00:01:02.864 These measures are intended to supplement, not substitute, IFRS results. 00:01:02.864 -- 00:01:07.111 Definitions and reconciliations are available in our filings for the SEC, including our 00:01:07.111 -- 00:01:09.234 Form 20F. 00:01:09.234 -- 00:01:14.041 Additionally, mineral resource and reserve estimates are subject to uncertainty and may 00:01:14.041 -- 00:01:19.188...