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Mineral Resources Limited ( (AU:MIN) ) just unveiled an announcement.
Mineral Resources Limited closed FY26 with record annual volumes across its Mining Services, iron ore and lithium businesses, while meeting or exceeding volume and cost guidance in all segments. Mining Services output rose 22% year on year to 341Mt, iron ore shipments reached a combined 29.6Mt across Onslow Iron and the Pilbara Hub, and lithium sales from Wodgina and Mt Marion hit a record 559k dmt SC6.
Onslow Iron outperformed upgraded guidance with 19.7M wmt attributable shipments at lower-than-forecast FOB costs, while the Pilbara Hub finished at the top end of its volume and cost ranges. Record quarterly lithium sales at higher realised prices, combined with disciplined capex of $1.111B and debt refinancing into longer-dated, lower-coupon notes, strengthened liquidity to $2.4B and reduced net debt to $4.3B, underscoring improved balance sheet resilience despite a planned non-cash impairment on the Lucky Bay Garnet Project.
The most recent analyst rating on (AU:MIN) stock is a Buy
with a A$68.00 price target.
To see the full list of analyst forecasts on Mineral Resources Limited stock,
see the AU:MIN Stock Forecast page.
More about Mineral Resources Limited
Mineral Resources Limited is an Australian mining and mining services company listed on the ASX, with operations spanning iron ore and lithium production as well as contract mining services. The group focuses on large-scale iron ore hubs such as Onslow Iron and the Pilbara Hub, alongside major lithium projects at Wodgina and Mt Marion that supply spodumene concentrate to global battery and industrial markets.
Average Trading Volume: 1,062,614
Technical Sentiment Signal: Buy
Current Market Cap: A$10.55B
See more data about MIN stock on TipRanks’ Stock Analysis page.