News: S32 South32 Resolves To Pay Interim Dividend 0.4 Cents Per Share

Feb 15 (Reuters) - South32 Ltd (S32) :

• RESOLVED TO PAY INTERIM DIVIDEND 0.4 CENTS PER SHARE
• HY UNDERLYING EARNINGS $40 MILLION VERSUS $560 MILLION
• REMAIN ON TRACK FOR A FINAL INVESTMENT DECISION FOR FOURTH GRINDING LINE EXPANSION AT SIERRA GORDA DURING Q4 OF FY24
• FY24 OPERATING UNIT COST GUIDANCE HAS BEEN LOWERED OR MAINTAINED ACROSS MAJORITY OF OPERATIONS
• LOWER FY24 CAPITAL EXPENDITURE GUIDANCE AT OUR OPERATIONS
• EXPECT TO DELIVER A 7% INCREASE IN PRODUCTION VOLUMES IN H2 FY24
• FY24 GUIDANCE FOR GROWTH CAPITAL EXPENDITURE AT HERMOSA PROJECT HAS BEEN SET AT US$390M
• EXPECT TO DELIVER A 7% INCREASE IN GROUP PAYABLE COPPER EQUIVALENT PRODUCTION IN H2 FY24
• EXPECT GROUP PAYABLE COPPER EQUIVALENT PRODUCTION GROWTH OF 3% IN FY25
• EXPECT TO INVEST ABOUT US$200M IN H2 FY24 AS WE CONSTRUCT CRITICAL PATH INFRASTRUCTURE FOR TAYLOR
• PRIMARY ENVIRONMENTAL APPROVALS FOR WORSLEY MINE DEVELOPMENT PROJECT EXPECTED IN H1 FY25
• FY24 GUIDANCE FOR GROWTH CAPITAL EXPENDITURE AT HERMOSA PROJECT HAS BEEN SET AT US$390M
• CAPITALISED EXPLORATION AT HERMOSA EXPECTED TO BE ABOUT US$25M IN FY24