IGO Cuts Western Australia Lithium Mine Spodumene Production Guidance

MT Newswires Live08:14

IGO (ASX:IGO) reduced the fiscal year 2026 spodumene production guidance from the Greenbushes lithium mine in Western Australia to 1.38 million tonnes to 1.43 million tonnes, reflecting performance year-to-date and CGP3 ramp-up expectations for the June quarter, according to a Friday Australian bourse filing.

The production guidance was previously 1.5 million tonnes to 1.7 million tonnes.

The unit cash cost guidance was raised to AU$380 per tonne to AU$420 per tonne, from the range of AU$310 per tonne to AU$360 per tonne previously, reflecting lower production.

The mine's production slid quarter-over-quarter in the March quarter to 351,000 tonnes, including around 33,000 tonnes from CGP3. Operational performance declined in areas including grade, plant recoveries, and increased downtime from maintenance outages.

The firm's sales revenue increased 45% to AU$119.7 million during the quarter, primarily due to higher nickel sales volumes and realized prices in the quarter.

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