Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Fortescue Metals says mined 49.5 million tonnes ore in first quarter

Published 20/10/2016, 09:46 am
© Reuters.  BRIEF-Fortescue Metals says mined 49.5 million tonnes ore in first quarter
FMG
-

Oct 20 (Reuters) - Fortescue Metals Group Ltd FMG.AX

* Q1 ore mined 49.5 mt versus 47.8 mt in Q4 FY16

* Q1 total ore shipped 43.8 mt versus 43.4 mt in Q4 FY16

* Q1 c1 cost us$ 13.55 /wmt versus us$14.31/wmt in Q4 FY16

* FY17 guidance is maintained at 165-170mt shipped

* Price realisations are expected to return to 85-90 per cent guidance range throughout FY17

* Full year sustaining capital is expected to average US$2.00/WMT

* Sees FY17 US$12-13/WMT C1 cost Source text for Eikon: ID:nASX3pQ8gX Further company coverage: FMG.AX

(Bengaluru Newsroom; +1 646 223 8780; )

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.