South32 Limited (S32) Q2 2026 Earnings Call

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WEBVTT 00:00:00.520 -- 00:00:03.524 Good morning, everyone, and thanks for joining us today. 00:00:03.524 -- 00:00:08.750 On the call with me is our Deputy CEO, Matt Daly, for his first call, our Chief 00:00:08.750 -- 00:00:13.716 Financial Officer, Sandy Sibenala, and our Chief Operating Officer for Southern Africa, 00:00:13.716 -- 00:00:15.799 Noel Pelé. 00:00:15.799 -- 00:00:20.325 I'd like to start with safety, where we're seeing improvements in key measures following 00:00:20.325 -- 00:00:26.187 our sustained effort to improve performance through our Global Safety Improvement Programme. 00:00:26.187 -- 00:00:30.952 During the half, we achieved further improvement in significant hazard frequency, which 00:00:30.952 -- 00:00:36.357 demonstrates improved hazard awareness and a more proactive reporting culture. 00:00:36.357 -- 00:00:40.961 We're also seeing positive reductions across our lag indicators. 00:00:40.961 -- 00:00:45.385 While the data is encouraging, we're determined to continuously improve on our safety 00:00:45.385 -- 00:00:47.385 performance. 00:00:48.388 -- 00:00:53.093 Turning to our financial results, I'm pleased to say that we have delivered strong financial 00:00:53.093 -- 00:00:58.898 results for the half, underpinned by our operating performance and higher prices 00:00:58.898 -- 00:01:01.642 for base and precious metals. 00:01:01.642 -- 00:01:06.688 Our FY26 production and unit cost guidance is unchanged across 00:01:06.688 -- 00:01:12.196 our operated assets off the back of our continued focus on delivering safe and reliable 00:01:12.196 -- 00:01:14.616 operating performance. 00:01:15.099 -- 00:01:19.745 This performance enabled us to capture the benefits of positive market conditions for 00:01:19.745 -- 00:01:21.788 our key commodities. 00:01...