Lates News

Barrenjoey analysts say that Australian mining companies may collectively fall short of production targets in the current reporting period due to adverse weather conditions. The Australian bank predicts that BHP, Rio Tinto, Fortescue, South32, and Mineral Resources will underperform due to late season cyclones and other weather-related disruptions. Additionally, the institution expects Coronado, Evolution, Sandfire, and IGO to also report production shortfalls. However, Barrenjoey notes that revenue from Lynas, a rare earth mining company, may exceed expectations thanks to stronger-than-expected prices. The bank also anticipates that Vault Minerals' cash flow performance may surpass expectations as they reduced most of their hedging positions by the end of 2025.