24 October 2022

Today we released our September Quarterly Report. Highlights during the quarter included an 11 per cent increase in copper equivalent production at Sierra Gorda copper in Chile, a nine per cent increase in aluminium production and a six percent increase in manganese ore production at GEMCO.

During the period, we progressed productivity projects at our other base metals operations, with the transition to 100 per cent truck haulage at Cannington and the Ore Sorting and Mechanical Ore Concentration project at Cerro Matoso expected to deliver increased volumes in the second half of FY23. We also advanced development studies and critical path infrastructure at our Hermosa project which will enable access to the Taylor and Clark orebodies.

We returned US$50M to shareholders via our on-market share buy-back and finished the quarter with a net cash position of US$446M, with a further US$784M returned in October 2022 via fully-franked ordinary and special dividends.

Our strong balance sheet and disciplined approach to capital management enables us to continue to make returns to shareholders while investing in our portfolio of growth options focused on metals critical to a low-carbon future.

Read the full report: September 2022 Quarterly Report