20784 29Metals AR 2022 WEB V1 - Flipbook - Page 5
2022 highlights
Solid operating result
against a challenging backdrop
Safety & Our People
TRIFR
LTIFR
Female Participation
9.8/mwhrs 2.0/mwhrs
of
1.3/mwhrs
0.7
12.4
Board &
Management1
29Metals
Group1
23%
15%
from 2021 (19%)
from 2021 (16%)
21%
2021
2022
2021
2022
Operational
Cu-eq production3
Reserves & Resources
73.4kt
Group Ore
Reserves tonnes4
2022
8%
20212,3
68.2kt
Group Mineral
Resources tonnes4
23%
4%
AISC (US$)3
Cu production5
Zn production
C1 Costs (US$)3
40.8kt
57.6kt
$
2 .46/lb $3.64/lb
Group revenue by commodity
Completed Gossan Valley
and Cervantes studies
721m
Strong operating cash flow
$
156m
$
from 2021
2,3
($709.6m)
2022
Copper
516.5m
$
Organic growth
Financial
$
Cu
Continued
drilling success at
Esperanza South
and Cervantes
Cu Zn
Zinc
181.6m
$
Other
$
6
Full exposure to
copper price
Final settlement of
copper hedges in 2022
107%
2021 $75m
22.9m
1. As at 31 December 2022.
2. 2021 figure cited is pro forma.
3. Pro forma, Cu-eq, C1 Costs and AISC are non-IFRS financial information.
Refer to the Important Information regarding the use of non-IFRS financial
information on page 200.
4. After depletion for production.
5. Figure cited is pro forma.
6. Operating cashflow cited is inclusive of (after) cash outflows relating to
hedging. 2021 operating cashflow includes cash outflows for transaction
costs associated with 29Metals’ IPO which completed in July 2021.
3