South32 extends gains after miner beats quarterly output estimates

South32

21/07/2026 02:24

Updates
** Shares of South32 S32.AX rise as much as 5.4% to A$4.3 in early trade, their highest point since July 1
** Stock extends gains into a second consecutive session, among top gainers on broader benchmark .AXJO
** The diversified miner on Monday logged fourth-quarter copper equivalent output of 19.9 Kt vs Visible Alpha consensus estimate of 17 Kt, according to Jefferies
** Company reported manganese production from Australia and South Africa operations of 1,310 kwmt, beating VA consensus of 1,223.8 kwmt
** Macquarie says the "simplicity" of the company's fourth-quarter result provides clear air for its growth plan to take shape following the aluminium divestment
** Stock up 20.4% YTD, including the day's moves


 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))