South32 (S32) $2.94
S32 -4.55%: while the 1H result for South32 was largely inline or better, higher costs and increased capex weighed on investor confidence in the stock today. EBITDA of $US708m was well ahead of the $US657m consensus, while profit of $US53m was in line. Production volume guidance was left unchanged for FY24, however, there were several adjustments (both positive and negative) on the cost side while adding $US20m to finance costs for the year. The company finalised their investment decision in Hermosa, a zinc-lead-silver deposit in Arizona, increasing capex guidance by ~5%, and reducing IRR expectations to 12% – pretty tight for a mining investment.
Ann: Financial Results and Outlook - half year ended 31 Dec 2023, page-32
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Last
$2.88 |
Change
-0.020(0.69%) |
Mkt cap ! $12.98B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.92 | $2.87 | $88.55M | 30.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14666 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 123171 | 6 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| S32 (ASX) Chart |