Management remarks
Call period: 2026 Q2 · 2026-08-07
Guidance: Wesley Carson: Looking ahead, we project annual production to grow at an industry-leading rate of approximately 50%, reaching 1.2 million GEOs by 2030 with average annual production forecast to remain at approximately 1.2 million GEOs from 2031 through 2035.Demand and orders: Vincent Lau: This was driven primarily by a 61% increase in the average realized gold equivalent price, together with a 14% increase in the number of volumes sold.Analyst Q&A
Analyst Jack Baxter asked: I just want to shift the focus to the long-term outlook. So it seems like we're still pretty much sticking to the 1.2 million GEOs by 2030. But obviously, at the same time, we've got new deals and there's been some positive milestones across the portfolio. I'm just wondering if there's a bias towards that GEO outlook? Management Haytham Hodaly answered: Well, if you look at our current forecast, you mentioned the 1.2 million ounces. That is based on projects that we have in the pipeline that are currently permitted, financed and all the 3 are in construction. Those 3 are expected to start construction within the next 12 months. So we're fairly comfortable with that number. But as you so accurately highlighted, we're a growth company. We're continuing to generate strong cash flow every year, and we're going to continue to deploy that capital into accretive transactions.管理层陈述
电话会期间：2026 Q2 · 2026-08-07
指引：韦斯利·卡森：展望未来，我们预计年产量将以约50%的行业领先速度增长，到2030年达到120万GEOs，2031年至2035年的年均产量预计维持在约120万GEOs。需求与订单：刘成文：这主要得益于平均实现的黄金当量价格上涨61%，加上销量增长14%。分析师问答
分析师杰克·巴克斯特：我想转向长期展望。目前我们似乎仍坚持到2030年达到120万GEO的目标，但同时我们也拿下了新订单，投资组合中出现了一些积极里程碑。我想知道该GEO展望是否存在偏向性？管理人海瑟姆·霍达利：如果你参考我们当前的预测，你提到的120万盎司这个数字，是基于我们目前已获批、已融资且均处于建设中的在途项目，这三个项目预计在未来12个月内开工建设，因此我们对这个数字相当有信心。但正如你准确指出的，我们是一家成长型公司，每年都能创造强劲的现金流，并将持续把资本投入到可增值的交易中。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
