Investor Presentaiton
Overview
Market prices have increased significantly and are currently forecast to
remain strong throughout the remainder of 2022.
➤ 1H 2022 revenue and average selling price ("ASP") above Budget.
Operationally 1H22 was a challenging quarter with the Government of
Indonesia's export ban and significantly higher rainfall than anticipated
which reduced production volumes and caused geotechnical slips at
Tabang's waste dumps.
➤ Cash costs increased and were higher than Budgeted.
However, despite these challenges, overall 1H 2022 actual financial
performance has exceeded the Budget principally due to higher ASP.
➤ We are confident that despite the initial challenges, 2022's financial
performance will surpass 2021 levels.
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