BHP -2.49%: Not a great day to release a very good operational update however that was the case with BHP. Todays FY21 production numbers were strong coming in at the higher end of guidance ranges. The standout in terms of YoY performance was the iron ore unit with lower YoY numbers elsewhere reflecting 1. Copper – covid issues, 2. Coal – weather and 3. Oil – natural field decline. BHP is now the worlds lowest cost Iron Ore miner which speaks to the positive operational outcomes they’ve achieved this year. A better result than RIO recently + a lot better than VALE which released production numbers overnight. While the stock was lower today, we can’t ask for much more from an operational standpoint from the big Australian.
BHP -2.49%: Not a great day to release a very good operational...
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$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B | |||
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| No. | Vol. | Price($) |
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