FMG
FMG: September 2026 Quarterly Production Report
Fortescue's Q1 FY27 report shows mixed operational results with iron ore shipments of 46.8 Mt, but sales were impacted by ongoing negotiations with China Mineral Resources Group, and C1 unit costs increased to US$21.98/wmt. Positively, the Blacksmith Project's Mineral Resource increased by 153% to 615 Mt, and a maiden Ore Reserve of 196 Mt at 58.0% Fe was reported. The company also successfully sold over 40 tonnes of copper concentrate processed with its Toowong technology, demonstrating its potential for high-arsenic deposits.