The Alcoa Corporation Ltd (ASX: AAI) share price is in focus today after the company posted record quarterly revenue of US$4.0 billion and reported a sequential jump of 51% in adjusted EBITDA to US$901 million for the second quarter of 2026.

What did Alcoa report?

• Revenue rose 24% quarter-on-quarter to a record US$4.0 billion
• Net income attributable to Alcoa was US$407 million (US$1.53 per share)
• Adjusted net income grew 51% to US$562 million (US$2.12 per share)
• Adjusted EBITDA (excluding special items) increased to US$901 million
• Free cash flow reached US$422 million, finishing the quarter with US$1.4 billion in cash
• Set new year-to-date production records at four aluminium smelters and one alumina refinery

What else do investors need to know?

Alcoa announced a definitive agreement to acquire South32 Ltd’s (ASX: S32) interests in bauxite, alumina, and aluminium assets across Australia, Brazil, and South Africa for upfront consideration of approximately US$4.1 billion. This move is expected to bolster Alcoa’s position as a leading pure-play upstream aluminium company and deliver long-term value through operational synergies.

The company also celebrated the successful restart of its smelters in Spain, Brazil, Norway, and Australia, contributing to higher aluminium production and shipments this quarter. Alcoa completed collective bargaining agreements with unions in Australia, the United States, and Canada, ensuring stability for its workforce.

What did Alcoa management say?

President and CEO William F. Oplinger said:

During the second quarter, in addition to delivering strong financial results that captured favourable aluminium prices, our team executed on strategic initiatives, most notably the announced agreement with South32. We continue to demonstrate operational excellence and positive momentum in our disciplined approach to maximise value creation.

What’s next for Alcoa?

Looking ahead, Alcoa has lowered its 2026 alumina production and shipment guidance due to disruptions at the Pinjarra refinery following Cyclone Narelle. Nevertheless, aluminium production and shipment targets remain unchanged, and the company expects to benefit from cost efficiencies, gradual recovery in energy markets, and the integration of the newly acquired AliGroup assets.

Management anticipates a steady operational outlook for the third quarter, with forecast improvements from restored stability and lower energy prices offsetting planned maintenance activities. Alcoa remains focused on executing its growth strategy and leveraging its upgraded global portfolio for long-term shareholder returns.

Alcoa share price snapshot

Over the past 12 months, Acola shares have risen 49%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

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The post Alcoa smashes Q2 revenue record, boosts portfolio with South32 acquisition appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Perseus Mining Ltd (ASX: PRU) share price is in focus after the company unveiled a growth-oriented update on its Yaouré Gold Mine, with highlights including strong open pit grade reconcilations and encouraging underground results.

What did Perseus Mining report?

• CMA underground successfully transitioned into production, ramping up towards steady-state operations
• The Yaouré open pit delivered over 24% more gold than modelled from September 2025 to March 2026
• Extension drilling at CMA underground and other areas identified potential to grow Mineral Resources
• Perseus committed $34 million in FY27 for resource drilling to expand the Mineral Resource base
• The five-year outlook for Yaouré is being reviewed as drilling continues to define new targets

What else do investors need to know?

Perseus reports that since the initial 1.52 million-ounce Ore Reserve in 2020, the Yaouré Gold Mine has replaced 76% of mined ounces, maintaining a 1.44 million-ounce reserve while extending mine life from 9 to 15 years.

Production ramp-up at the CMA underground mine included development milestones and initial stoping, with ore recovery outperforming expectations. Exploration drilling also highlighted new prospects at adjacent deposits like CMA Southwest and ROZA, expanding the scope for future production and mine life extension.

An updated Ore Reserve statement, incorporating recent drilling, is expected in August 2026. This will help clarify the impact of positive grade reconciliation trends and newly defined resources.

What did Perseus Mining management say?

Managing Director & CEO Craig Jones said:

Yaouré continues to demonstrate why it is a cornerstone asset in our portfolio. The successful transition of CMA Underground into stoping operations reflects the strength of our in-house team and their ability to execute complex underground developments safely and to schedule. Equally pleasing is the performance of the Yaouré open pit, which has now delivered more than 20% additional gold relative to our Reserve model year to date, while our drilling continues to define new mineralisation domains both at depth and along strike. Extension drilling at CMA Underground has produced encouraging results pointing to mineralisation beyond the currently defined Mineral Resource, and our exploration success beyond the boundary fence reinforces our confidence that Yaouré’s mine life can be extended well beyond current estimates. Our optimistic outlook provides confidence to invest in $34M exploration and in-fill drilling studies at Yaouré in FY27 and underscores our disciplined approach to organic growth — investing in the drill bit to convert Inferred Resources and extend the life of an asset we know intimately. This is precisely the model that has consistently created value for our shareholders, and we look forward to updating the market as these programs progress.

What’s next for Perseus Mining?

Perseus Mining is targeting further resource conversion and near-mine exploration at Yaouré, with a focus on potentially extending the mine’s operating life and increasing gold output. The $34 million investment in FY27 will fund around 123km of drilling and related studies on site.

Management’s strategy remains focused on low-risk organic growth, leveraging in-house technical teams to extract more value from existing assets. Additional drilling and resource model updates are planned for the coming year, underpinning the company’s positive production outlook and reinforcing Yaouré as a key contributor to the group’s performance.

Perseus Mining share price snapshot

Over the past 12 months, Perseus shares have risen 31%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

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The post Perseus Mining: Yaouré growth drilling pays off appeared first on The Motley Fool Australia.

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• Alcoa smashes Q2 revenue record, boosts portfolio with South32 acquisition
• Regis Resources upgrades FY27 production guidance and cost outlook
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• Here are the top 10 ASX 200 shares today

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Regis Resources Ltd (ASX: RRL) share price is in focus after the company lifted its FY27 production guidance, aiming for 360,000–400,000 ounces of gold at a group all-in sustaining cost of $2,990–$3,390 per ounce.

What did Regis Resources report?

• FY27 group gold production guidance: 360,000–400,000 ounces
• Group all-in sustaining cost (AISC): $2,990–$3,390 per ounce, including ~$88/oz of non-cash stockpile movements
• Growth capital expenditure forecast: $250–$270 million
• Exploration spend guidance: $80–$90 million
• McPhillamys Project spending: $30–$35 million planned
• Correction to 30 June 2026 cash and bullion: revised to $1.184 billion after timing adjustment

What else do investors need to know?

Production at the Duketon operation is expected to be higher in FY27, with a bias towards the second half, driven by increased output from Garden Well and Rosemont. Duketon is also leveraging the higher gold price by processing additional lower margin ounces at Moolart Well without impacting higher margin production elsewhere.

At Tropicana, the company expects a slight dip in production year on year, reflecting more processing of lower grade stockpile ore as Havana’s open pit output reduces. Group AISC is impacted by higher diesel costs and the inclusion of higher cost, but still profitable, ounces from BuckWell.

A correction to previously disclosed cash and bullion holdings at 30 June 2026 reduces the balance by $26 million, but does not affect FY26 reported gold production or closing cash.

What’s next for Regis Resources?

Regis plans to continue ramping up production at Duketon and advance the Rosemont Stage 3 underground project, targeting commercial production in late FY27. Growth capital will be front-loaded into the first half of the financial year as new open pit projects come online.

Increased exploration and sustained investment in the McPhillamys Project are intended to underpin future growth. The company remains focused on managing costs amid volatile diesel prices, with each 10 cents per litre variation affecting AISC by about $25 an ounce.

Regis Resources share price snapshot

Over the past 12 months, Regis Resources shares have risen 39%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 2% over the same period.

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The post Regis Resources upgrades FY27 production guidance and cost outlook appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.