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Develop Global Limited (VTEXF) Q3 2026 Earnings Call Tran...
2026-04-23 · via All Articles on Seeking Alpha

Develop Global Limited (VTEXF) Q3 2026 Earnings Call April 22, 2026 7:00 PM EDT

Company Participants

William Beament - MD & Director
Ben MacKinnon - Chief Financial Officer

Conference Call Participants

Joseph House - Bell Potter Securities Limited, Research Division
Hayden Bairstow - Argonaut Securities Pty Limited, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Develop March 2026 Quarterly Report Conference Call. [Operator Instructions]

I would now like to hand the conference over to Bill Beament, Managing Director.

William Beament
MD & Director

Yes. Thanks, Travis, and welcome to our second quarterly conference call on activities of Develop. Hopefully, I don't drop out. I'm on site at Bellevue. So comms are good, and hopefully, they're paying their IT bill.

So look, we're deep into the quarter of this business. We're coming out nearly to our 4-year anniversary of mining services establishment and when we got the keys at Woodlawn. So we're only 4 to 6 weeks of finishing that first quarter. So it's been an extremely busy sort of quarter that we're going to go through today. As you can see, there's a lot of information and a lot of activity.

But I'll start with declaring commercial production at our first mine that we've now completed building. Woodlawn has reached a steady state. We achieved that in the March quarter. And that's what we articulated and we set that target last year for our shareholders and the market. So it's extremely pleased and proud of the Develop team in delivering Woodlawn to steady state. And that was culminated off with record performance in the month of March. We mined over 80,000 tonnes for the month. We processed 78,000 tonnes for the month. So we've really successfully even stress test above the nameplate of this operation in the mining and a processing run rate.