Investment case

We aim to maximise free cash flow generation by focusing on improving margins through cost discipline and innovation.

Our strong balance with no debt or hedging enables us to have a long-term perspective on capital allocation and growth opportunities.

Central to our strategy, this is our seventh consecutive year returning surplus cash to our shareholders, demonstrating the sustainability of our dividend policy.

Our new Board and leadership team are bedded in; Our robust twelve year mine plan is in place, further supported by an active cost savings programme and transformational investment into environmental and social initiatives.

There is untapped resource potential across the portfolio. Our excellent geologists and a result-driven exploration model maintains an active pipeline of priority exploration targets balanced with a disciplined value-driven approach to capital allocation.