Australia's Fenix Resources jumps on record quarterly shipment, forecast hike

Fenix Resources

21/01/2026 23:53

** Shares of Australian miner Fenix Resources FEX.AX jump 6.5% to A$0.49, set for strongest session since December 11 if current gains hold

** Co reports record quarterly iron ore shipments of 1.2 million wet metric tons, representing a 40% increase from prior quarter

** Upgrades FY26 total iron ore sales forecast to 4.2 to 4.8 mln tons from 4.0-4.4 mln tons expected earlier

** Stock up 1% YTD after an 83% jump in 2025

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))