South32 2Q Production Result Positive, Barring Costs -- Market Talk

Dow Jones

2025/01/20

0021 GMT - Miner South32's quarterly production result should be a positive tailwind, albeit tempered by some higher cost guidance, says Citi analyst Paul McTaggart. "S32 delivered a reasonably strong December quarter production report with aluminum/alumina and Cannington leading the way and beat versus Citi expectations," McTaggart says in a note. He highlights South32's steady FY25 production guidance and notes an increase in working capital. South32 is up 1.2% at A$3.52. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 19, 2025 19:21 ET (00:21 GMT)

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He highlights South32's steady FY25 production guidance and notes an increase in working capital. South32 is up 1.2% at A$3.52. 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He highlights South32's steady FY25 production guidance and notes an increase in working capital. South32 is up 1.2% at A$3.52. 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(rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 19, 2025 19:21 ET (00:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}