Australia's Mineral Resources hits near two-year high on annual outlook upgrade

Mineral Resources

30/04/2026 02:19

** Shares of Mineral Resources MIN.AX rise as much as 9.6% to A$67.80, hitting their highest level since June 11, 2024

** Stock posts its best intraday trading session since November 12, 2025

** The diversified miner upgrades Onslow Iron FY26 volume outlook to 17.7-19.4M wet metric tons, with costs tracking at lower end of forecast

** FY26 Mining Services production volume has been upgraded to 320-330Mt, company says

** Despite expected higher diesel prices in June quarter, FY26 FOB cost outlook ranges across all divisions is maintained - co

** YTD, stock up nearly 20%, including the day's moves

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))