Economic performance and value creation
We are committed to operating with an aim to sustain long-term value creation for all our stakeholders.
Our approach
MinRes has developed an operating model to sustain long-term value creation for our stakeholders.
While identifying challenges and improvement areas for our business, we aim to establish a holistic approach that captures all aspects of our economic sustainability and value creation.
The inputs, or capital sources, from which we create value include human, natural, social and relationships, financial, manufactured and intellectual.
Working with governments
Upholding transparency regarding taxes and royalties strengthens our social and operational licence within the regions where we operate.
We believe informing our stakeholders on our approach to tax, and the governance processes we have builds trust within the jurisdictions in which we operate and improves the overall integrity of the tax regimes with which we must comply.
We fulfil our tax obligations and pay royalties under the laws and regulations of the jurisdictions in which we operate.
Refer to our 2023 Tax Transparency Report.
Financial and operational
MinRes is committed to optimising our operations and leveraging market opportunities to enhance shareholder value and generate sustainable financial performance.
We pursue operational excellence, embrace innovative technologies and adopt best practices, endeavouring to optimise productivity and efficiency to fuel revenue growth and profitability.
Through strategic planning and risk management, we identify challenges and growth options to capitalise on opportunities that align with our long-term objectives, ensuring sustained value creation for our shareholders.
Refer to our 2023 Sustainability Report for more information on how MinRes generates and distributes value.
Value creation model
We recognise that our employees and contractors are our most valuable asset. The collective knowledge, skills and dedication of our workforce are essential drivers of our economic success and long-term value creation.
We acknowledge and understand our responsibility to protect, preserve and maintain the regions in our operational footprint.
From exploration to closure, we follow strict environmental standards within the jurisdictions we operate.
We also continue to improve our approach to land management, disturbance and rehabilitation, including through seed collections and conducting technical studies to address knowledge gaps and inform enhanced rehabilitation and closure outcomes.
We place a high degree of value on the relationships the business has built with external stakeholders, as these connections and the resulting trust are vital to our social licence to operate.
The relationships we have with all stakeholders including communities, government and non-government agencies, landholders and Traditional Owners is essential to the long-term sustainability of our business.
We have an obligation to all stakeholders, not just investors, to be strong stewards of allocated capital and invest in activities that not only generate strong returns but do so in a sustainable manner.
Financial capital acts as a catalyst for sustainable growth, innovation and long-term success.
We are committed to delivering value to our shareholders. We aim to generate sustainable profits and maintain a robust financial position, enabling us to provide attractive returns to our shareholders through ongoing dividends and capital appreciation.
Our focus on financial performance and disciplined capital allocation helps us build investor confidence, attract investment and contribute to the broader economy.
We maintain high standards of financial transparency and accountability.
Through accurate and timely financial reporting, we provide stakeholders with a clear understanding of our financial performance, position and prospects.
We adhere to applicable accounting standards and regulatory requirements, ensuring that our financial capital is managed responsibly and ethically.
By maintaining transparency of our financial activities, we hope to foster trust, promote informed decision-making and enhance stakeholder confidence.
Financial capital is crucial in driving economic development and value creation.
Through strategic investment, exploration, partnerships, cost management and a commitment to transparency, we aim to optimise the deployment of our financial resources.
Our operations are capital-intensive and require investment in infrastructure including significant plant and equipment.
These capital-intensive investments not only support our mining activities but also generate economic development and value.
We understand the importance of robust infrastructure in supporting our operations and driving economic value.
We allocate substantial financial resources to acquire and develop infrastructure.
Intellectual capital is vital for our approach to economic growth and value creation.
We take pride in our ability to develop the skills, expertise and knowledge to perform work internally whilst still leveraging external contractors and suppliers when needed.
Through innovation, partnerships and continuous employee development, we harness our intellectual capital to drive financial growth, enhance our competitive position and create sustainable value for our stakeholders.
We prioritise knowledge management and innovation as key drivers of economic success.