Key points
- Consistent production despite lower planned full-year output
- Positive free cash flow and reaffirmed full-year guidance
- Completed refinancing, lowering funding costs and removing term debt repayments
Full summary
Stanmore Resources Ltd announced its first-half 2026 results, showcasing a resilient performance with consistent production, despite a lower planned full-year output. The company reported a Twelve-month Serious Accident Frequency Rate of 0.51, highlighting its industry-leading safety performance. Saleable production was 6.5 million tonnes, tracking within guidance, with strong inventories supporting the second half. Underlying EBITDA increased by US$27 million to US$174 million, reflecting improved market conditions. The company completed a corporate refinance, lowering funding costs and removing scheduled term debt repayments, enhancing capital allocation flexibility. Stanmore reaffirmed its 2026 guidance, expecting a continued recovery in the second half.
Guidance
Underlying EBITDA US$174 million, Net Debt US$72 million, Saleable Production 6.5 million tonnes
Outlook
Stanmore expects continued recovery in the second half of 2026, with the ramp-up at South Walker Creek expected to support full-year production at the top end of guidance.