Half Year 2023 Central Asia Metals PLC Earnings Call Transcript

Sep 13, 2023 / 08:30AM GMT
Nigel Francis Robinson - Central Asia Metals plc - CEO & Director

Well, good morning, everybody and welcome to Central Asia Metals plc's Interim Results for 2023 covering the period 1st of January, 2023 to 30th of June, 2023.

I'll move straight on to the Slide 3, the results summary. And overall, we've had a strong performance in the first half of this year and we're in good shape, despite fairly challenging economic headwinds with reduced metal prices, ongoing inflationary cost pressures in the first half and the first tax increases in Kazakhstan for over a decade. And we'll talk more about these impacts on the business later.

Production, first of all, we're on track to meet our guidance for the full year. And again, I'll talk about that later. But we've also done it in a very safe manner. We've had what's known as an LTIFR report for the first half of 0.8. We've only had one LTI, lost time injury, and that results in a frequency per million man hours worked of 0.8 ahead of our target.

Some financial headlines. Just south of $100 million of revenues generated in the first

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