Stanmore Resources Limited (SMR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Stanmore Resources Limited December 2025 Quarterly Activities Report Investor Briefing. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you'd need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Marcelo Matos, Executive Director and CEO. Please go ahead. Thank you. Morning, everyone, and Happy New Year. Thank you for joining us as we present the December 25 quarterly activities report. With me here is Shane Young, our Chief Financial Officer. I'm pleased to say we had a very strong finish to the year with a high level of stripping and peat preparation in the third quarter, providing the foundation to deliver strong cold flow, and record operational results in the fourth quarter. This performance saw us achieve fully-assailable production of 14 million tons at the midpoint of the revised guidance, and total sales of 14.1 million tons, a fantastic result given the adverse weather and subsequent operational challenges in the first half of the year. Additionally, although we usually don't provide run-of-mind cold guidance, I thought it would be interesting to point out that despite all the weather, the wet weather impacts early in 2025, we delivered 20.5 million tons of rum coal mine for the full year, which is actually ahead of our original plans and enabled us to finish the year with over 1.5 million tons of rum coal inventories across the business. And this will help mitigate potential wet weather impacts in the current season, which, as we all know, has already been taking place. During the quarter, we unfortunately recorded two serious accidents. ...