Pan African Resources PLC (PAF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to all of you and welcome to our 2025 Final Results presentation. Thank you very much for taking time out of your schedules to join us today. We will keep the presentation fairly brief, with an opportunity for questions afterwards. Joining me in presenting today will be Maralean Cook, our Financial Director. This will be the first time Maralean reports on a full year of financial results for the group in her role as Financial Director. A special word of thanks to Marillion, the Finance Department, and also to the rest of the amazing Pan African team for excellent work in putting these results together. You are welcome to refer to our SENS and RNS announcements and to the supplementary information available on the Pan African website, should you require detail not dealt with in today's presentation. Please note the disclaimers and information on forward looking statements on slides number two and three. Reflecting on the last year, I believe Pan African has made excellent progress in our strategy of positioning ourselves as a safe and sustainable high margin and long life gold producer with very attractive future prospects. Not many gold producers are able to successfully commission two new transformational projects within the space of 12 months. Certainly a key highlight from the last year was bringing MTR into production ahead of schedule and below budget. This is an asset with a life of almost 20 years, after the expansion currently underway, producing some 60,000 ounces per annum at a world-class oil and sustainable cost, with further growth potential in the near term. We also concluded the acquisition of Tenant Mines in Australia, an asset in a Tier 1 jurisdiction, and then proceeded with the incumbent Australian management team to deliver this proje...