K2fly (K2F) – Scheme approved, ceasing coverage

BCN’s 1QFY25 preliminary production result of 5.2koz was in line with our estimate and up 34% QoQ. Improvements in milled head grades and recoveries were in line with our expectations and suggests the Jaurdi operationRead more

MAC has completed a A$150m placement at A$18.00/share. The funds will be used to de-lever the balance sheet, with accelerating the repayment of the Mezzanine debt facility the key focus. We have updated our copperRead more

RRL’s 1QFY25 preliminary production result was lower than we had expected, with strong performance at Tropicana more than offset by lower volumes at Duketon. We suspect the weaker volumes reflected reduced low-grade stockpile processing inRead more

Perenti’s priorities are clear. Growth in its core underground mining business will be balanced by a desire to deliver sustainable free cash flow, reduce gross debt, and provide returns to shareholders. Perenti has delivered againstRead more

Macmahon is driving towards its revenue mix target, which it expects will deliver capital-light earnings growth, ensuring strong free cash flow generation, 20%+ returns on assets, and allow a higher dividend payout without compromising theRead more