Mineral Resources Posts Higher Fiscal Q1 Mining Services Production Volumes

MT Newswires Live10-23 08:02

Mineral Resources (ASX:MIN) said fiscal first quarter mining services production volumes were 103 million wet metric tonnes (wmt), up from 81 million wmt a year earlier, according to a Friday Australian bourse filing.

The company shipped a total of 7.9 million wmt of iron ore at a revenue of AU$108 per wmt, compared with 7.6 million wmt at AU$125 per wmt in the prior corresponding period.

Total lithium spodumene concentrate produced was 200,000 dry metric tonnes (dmt) at a revenue of AU$2,195 per dmt, compared with 161,000 dmt at AU$1,095 per dmt in the prior corresponding period, the filing added.

The company maintained its fiscal 2027 guidance for mining services production at 370 million to 390 million tonnes and total capital expenditure at AU$1.43 billion.

The company's shares fell around 2% in recent Friday trade.

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