Mineral Resources (ASX:MIN) reported Tuesday a fiscal first half-year loss of AU$4.1042 per diluted share, compared with earnings of AU$2.7844 per diluted share a year earlier.

Analysts polled by FactSet were expecting a loss of AU$1.75 per share.

Revenue for the six months ended Dec. 31, 2024, was AU$2.29 billion, down 9% from AU$2.52 billion in the same period a year earlier. Analysts surveyed by FactSet expected sales of AU$2.36 billion.

The mining firm lowered its fiscal 2025 attributable volume guidance at its Onslow iron project between 8.8 million tonnes (mt) to 9.3 mt from its previous guidance of 10.5 mt to 11.7 mt.

The company lowered its mining services-related tonnes production volumes to a range of 280 mt to 300 mt from its previous guidance of 295 mt to 315 mt.

The company also said it expects its Onslow iron well to reach nameplate capacity in the first half of fiscal 2026.