Earnings Call Summary | EVOLUTION MINING LTD(CAHPF.US) Q2 2024 Earnings Conference
Earnings Call Summary | EVOLUTION MINING LTD(CAHPF.US) Q2 2024 Earnings Conference
The following is a summary of the Evolution Mining Limited (CAHPF) Q2 2024 Earnings Call Transcript:
以下是Evolution Mining Limited（CAHPF）2024年第二季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Evolution Mining saw a significant increase in net mine cash flow, up by 136% to $203 million.
Their underlying EBITDA increased by 28% to $573 million, and they managed to reduce their gearing to 29%.
For FY '24, they expect to produce 789,000 ounces of gold and 62,500 tonnes of copper at a cost of $1,340 per ounce.
The company is transitioning to positive cash flow with plans to increase this and continue to alleviate debts in the second half of the year.
There were increases in underlying profit after tax by 54% driven by an increase in EBITDA.
The company's gearing decreased from 32.8% at the year's end to 29.7%, and they declared a fully franked dividend of $0.02 per share.
Group cash flow before debt, M&A, and dividends switched from an outflow of $95 million in Q4 FY '23 to a generation of $79 million in Q2 FY '24.
Available liquidity stands at $716 million with a fully repaid revolving credit facility, thereby providing financial flexibility.
95% of the company's production is unhedged for the next 2.5 years.
Evolution Mining的淨礦山現金流大幅增加，增長了136％，達到2.03億美元。
他們的基礎息稅折舊攤銷前利潤增長了28％，達到5.73億美元，他們設法將資產負債率降至29％。
他們預計在24財年將生產78.9萬盎司黃金和62,500噸銅，成本爲每盎司1340美元。
該公司正在向正現金流過渡，並計劃增加現金流，並在下半年繼續減輕債務。
在息稅折舊攤銷前利潤增加的推動下，稅後基礎利潤增長了54％。
該公司的資產負債率從年底的32.8％下降到29.7％，他們宣佈全額分紅爲每股0.02美元。
扣除債務、併購和分紅前的集團現金流從23財年第四季度的9,500萬美元流出轉變爲24財年第二季度的7,900萬美元。
可用流動性爲7.16億美元，循環信貸額度已全額償還，從而提供了財務靈活性。
在接下來的2.5年中，該公司95％的產量未進行套期保值。
Business Progress:
業務進展：
They remain on track to meet FY '24 production and cost guidance.
Major shutdowns planned at Cowal and Ernest Henry will help to ramp up Cowal underground to reach commercial production by the end of the quarter.
There is a shift in focus at the Red Lake mine towards margin and productivity rather than raw output.
The acquisition and integration of Northparkes is progressing well and has significantly contributed to the growth in gold and copper resources and reserves.
The company plans to rerun the mineral resource at Northparkes to include the ore reserve in the next 6 months.
The completion of a feasibility study for an extension at Northparkes (E22) is set for the June quarter.
Throughout FY '24, the company expects its production to increase, driven by the Cowal ramp-up and increases in Red Lake production.
Continual review of portfolio and focus on capital allocation for necessary projects.
他們仍有望實現24財年的生產和成本指導。
Cowal和Ernest Henry計劃的大規模停產將有助於增加Cowal的地下設施，以便在本季度末達到商業化生產。
紅湖礦的重點轉向了利潤率和生產率，而不是原始產出。
Northparkes的收購和整合進展順利，爲金銅資源和儲量的增長做出了重大貢獻。
該公司計劃在未來6個月內重新管理Northparkes的礦產資源，將礦石儲量包括在內。
Northparkes（E22）擴建的可行性研究定於6月季度完成。
在Cowal的增加和紅湖產量的增加的推動下，該公司預計，在整個24財年其產量將增加。
持續審查投資組合，重點關注必要項目的資本配置。
More details: EVOLUTION MINING LTD IR
更多詳情： 進化礦業有限公司
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。