Australia's Fortescue extends decline after cash balance drops 37%

Fortescue

09/10/2026 01:55

** Shares of Australia's Fortescue FMG.AX fall as much as 2.7% to A$15.360
** Iron ore miner on Thursday said its cash balance fell 37% in the September quarter
** FMG reported in a preliminary update that first-quarter iron ore shipments fell about 6% year-on-year to 46.8 million metric tons
** For the week, FMG down nearly 5%, set for worst week since early June
** Stock down 30% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))