Tag: Stock pick

The Ramelius Resources Ltd (ASX: RMS) share price is in focus today after the company released exploration results for its Dalgaranga project, highlighting high-grade gold discoveries that suggest new underground mining potential at Gilbey’s.

What did Ramelius Resources report?

• Exceptional drill results from Gilbey’s Underground, including 3.9m at 21.2g/t Au and 6.1m at 10.4g/t Au
• Total Mineral Resources at Gilbey’s Underground stand at 6.9Mt at 1.9g/t for 380,000oz gold
• Exploration Target area estimates an additional 2.1–4.7Mt at 1.5–2.0g/t for 100,000–300,000oz (conceptual)
• Strong exploration intersections at Sly Fox, with 16.5m at 2.45g/t Au and 0.6m at 24.3g/t Au
• Ongoing drilling also targeting open pit cutbacks and further extensions at Dalgaranga corridor

What else do investors need to know?

Drilling at Gilbey’s Underground, specifically West Winds and Four Pillars, is validating previous resource estimates and has the company considering this area for its next underground mine at Dalgaranga. The results could displace lower-grade ore previously scheduled for input into the mill in FY29 and FY30, supporting Ramelius’s broader production goals.

At the Plymouth-Sly Fox region, drilling is focused on adding higher-grade underground and open pit options to future production schedules. Several new drill results, some pending, are pointing towards potential resource growth. The company also has exploration underway at the nearby Golden Wings and Gilbey’s South areas, with further results expected.

What did Ramelius Resources management say?

Executive General Manager Exploration Peter Ruzicka said:

We continue to be impressed by what the Dalgaranga system has to offer with high-grade remaining a consistent feature. Our exploration strategy, targeting high-grade opportunities is delivering. These early drill results further enhance our confidence that Gilbey’s Underground (West Winds and Four Pillars) has the potential to become the next underground mine at Dalgaranga. Our strategy of defining additional resources at these existing assets while making new discoveries within the northern corridor is progressing well. We have yet to realise the full potential for new opportunities to grow within this developing operation for Ramelius.

What’s next for Ramelius Resources?

Ramelius plans to commence further drilling at Gilbey’s Underground in late April 2026, aiming to upgrade more resources and extend known high-grade zones. Additional resource definition and exploration are also planned for the Sly Fox and Plymouth deposits, with an eye to incorporating these into future technical studies and mine planning.

The company is striving to lift its group gold production above the targeted 525,000 ounces per annum by FY30, through both conversion of inferred resources and new discoveries along the Dalgaranga mine corridor.

Ramelius Resources share price snapshot

Over the past 12 months, Ramelius Resources shares have risen 33%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 14% over the same period.

View Original Announcement

The post Ramelius Resources shares: Dalgaranga exploration lifts future mine potential appeared first on The Motley Fool Australia.

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• Vault Minerals posts strong Q3 gold production and free cash flow jump
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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.

Treasury Wine Estates Ltd (ASX: TWE) shares are taking off today.

Shares in the S&P/ASX 200 Index (ASX: XJO) global wine company closed yesterday trading for $4.05. In early morning trade on Wednesday, shares are changing hands for $4.69 apiece, up 15.8%.

For some context, the ASX 200 is down 0.5 at this same time.

While Treasury Wine shares remain down 45.8% over 12 months, the stock has now rebounded 39.2% since plumbing a multi-year closing low of $3.37 a share on 26 March.

Here’s what’s catching investor interest today.

Treasury Wine shares surge on new business model

Treasury Wine shares are leaping higher after the company announced that it is transitioning to a new regional operating model to improve efficiency.

The move is part of TWE Ascent, Treasury Wine’s global transformation program, intended to address the headwinds of recent years and position the business for sustainable growth.

The ASX 200 wine stock will switch to the new regional operating model commencing on 1 October. This will see the company operate four regional divisions:

• The Americas
• Australia and New Zealand (ANZ) and Europe
• Greater China
• Emerging Markets (Rest of Asia, Middle East and Africa)

“We are reshaping TWE to drive clearer accountability for performance and to enable faster, more market-connected decision-making as a foundation for consistent depletions growth,” Treasury Wine CEO Sam Fischer said.

Fischer added:

Combining the deep local insight of our in-market teams with the scale and expertise of our global functions will step change in-market execution, whilst retaining our enhanced focus on Penfolds and other priority luxury brands.

What else did the ASX 200 wine company announce?

Treasury Wine shares may also be catching tailwinds today with the company providing a third-quarter (Q3 FY 2026) depletions update.

Bearing in mind that depletions tend to indicate the company’s wines are moving well on a retail level, the company reported that depletions were up 40% in China on a seasonally adjusted basis, with momentum said to be continuing to the end of Q3.

In ANZ, depletions grew 11%, while in Asia ex-China, depletions grew 14% on a seasonally adjusted basis.

US markets also saw an improvement, with depletions up 9.1% quarter on quarter.

“I am pleased with the progress we are making on elevating our focus on depletions performance across our key markets, and we remain focused on continuing the improved momentum,” Fischer said.

And finally, Treasury Wine shares now have access to additional debt funding, with the company announcing it has established new debt commitments totalling $300 million from a number of global bankers.

The post Why are Treasury Wine shares rocketing 16% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in ASX 200 hearing implant maker Cochlear Ltd (ASX: COH) have plunged by more than a third after the company announced a massive downgrade in expected full year earnings.

Rapid worsening hits the bottom line

In a statement to the ASX on Wednesday morning the company said it now expected its underlying net profit to come in at $290-$300 million, down from a previous range of $435-$460 million.

The company said that trading conditions had weakened in recent months.

As the company said:

Since January trading conditions for cochlear implants in developed markets have been softer than expected, with revenue flat for the quarter in constant currency. Near term surgical volumes have been affected by a combination of hospital capacity constraints and reduced referral activity from the hearing aid channel. Consumer sentiment has declined in key markets, reaching historic lows in the US. The decline appears to be affecting discretionary healthcare decisions in the adults and seniors segment, adding to demand uncertainty in the near term.  

Cochlear said surgical volumes had been “constrained” in Western Europe, “resulting in growing waiting lists for surgery in markets including the UK and Germany, while industrial action in Italy and Spain has restricted surgical throughput”.

The US had been trading in line with expectations until mid-February, Cochlear said, with volumes then declining in March.

Still a large unmet need

The company’s Chief Executive Officer Dig Howitt said:

Addressing hearing loss in adults and seniors continues to be treated as a discretionary intervention, highlighting the importance of our strategy to medicalise hearing loss so that treatment is recognised as an important health priority. We remain confident of our market leadership. We have seen strong adoption of the Nucleus Nexa System across the developed markets, with very positive customer feedback and a strong interest in exploring the system’s potential to further improve hearing outcomes. With contracting of the new system complete, market share has been improving. Looking forward, we have a broad R&D pipeline of growth enhancing technology. We are progressing towards commercialisation of next generation implants with two clinical studies for regulatory approval of a drug eluting electrode now fully recruited, and initial results are being analysed; and two studies for regulatory approval of the totally implantable cochlear implant underway.

Cochlear said that growth was solid in emerging markets, however the company expected order cancellations in the Middle East.

A reduction in reimbursements in China would also lower premium tier sales in the second half.

Cochlear said it continues to expect strong services revenue growth in the second half, with third quarter revenue up 13% on a constant currency basis on last year.

Cochlear also said it was also working on “reshaping components of our organisation to deliver a more flexible and lower cost-to-serve cost base”

Cochlear shares were 36.4% lower in early trade at $106.86.

The post Why are Cochlear shares down 36% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear. The Motley Fool Australia has recommended Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Vault Minerals Ltd (ASX: VAU) share price is in focus today after the company reported March quarter gold production of 78,578 ounces, quarterly free cash flow of $229 million, and a maiden interim dividend paid in April.

What did Vault Minerals report?

• Gold production: 78,578 ounces for the quarter; 247,203 ounces year-to-date
• Gold sales: 77,707 ounces at an average realised price of A$6,987 per ounce
• All-in Sustaining Cost (AISC): A$3,006 per ounce for the quarter; A$2,909 per ounce YTD
• Quarterly free cash flow: $229 million, up 1,808% quarter-on-quarter
• Maiden interim dividend: 7 cents per share ($73 million), paid in April
• Cash and bullion: $728 million at quarter end, with no debt

What else do investors need to know?

Vault completed Stage 1 of its King of the Hills (KoTH) plant upgrade in March, with the new crushing circuit ramping up and demonstrating increased throughput ahead of Stage 2 commissioning in FY27. Capital investment for growth remains elevated but is focused on KoTH expansion and supporting projects at Deflector and Leonora regions.

The company continued its share buyback, deploying $39.6 million in the quarter and purchasing 8.8 million shares, positioning Vault among the highest yielding mid-cap gold producers in Australia. Exploration results across the portfolio are encouraging, especially at KoTH and Darlot, underpinning strategies to keep production strong beyond FY28.

What’s next for Vault Minerals?

Vault is on track to deliver its FY26 production guidance of 332,000–360,000 ounces at an AISC between A$2,650 and A$2,850 per ounce. The KoTH Stage 2 processing plant upgrade is on schedule and on budget for commissioning in Q2 FY27, targeting a ~50% increase in throughput and a 34% lift in Leonora region gold production.

Further exploration and resource definition drilling at KoTH, Darlot, and Deflector aims to extend mine life and support sustained production. Preparations are also underway for a restart at Sugar Zone in Canada once permitting is complete.

Vault Minerals share price snapshot

Over the past 12 months, the Vault Minerals share price has risen 45%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 14% over the same period.

View Original Announcement

The post Vault Minerals posts strong Q3 gold production and free cash flow jump 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 DroneShield Ltd (ASX: DRO) share price is jumping on Wednesday morning.

At the time of writing, the counter-drone technology company’s shares are up 4.5% to $3.98.

This follows the release of the company’s eagerly anticipated first-quarter update before the market open.

DroneShield share price jumps on quarterly update

For the three months ended 31 March, DroneShield reported its highest ever customer cash receipts in a quarter and the second‑highest revenue in a quarter.

Management believes these results continue the positive trajectory from 2025, during which DroneShield achieved all‑time record performance across key metrics.

According to the release, the company achieved revenue of $74.1 million in the first quarter. This is up 121% on the prior corresponding period. Management notes that this is higher than its trading update implied due to the timing of deliveries in late March.

This means that FY 2026 committed revenue to date is now $154.8 million, which is comfortably higher than the $94.4 million it reported at the same point last year.

Management notes that this has been driven by a steady flow of repeat and new end-user orders, many of which are below the $20 million materiality reporting threshold, with a $59 million increase in committed revenue since the start of 2026.

SaaS revenue continues to grow strongly, increasing by 205% year on year to $5.1 million. This means that SaaS now accounts for 6.9% of revenue, which is up from 5.4% in FY 2025.

Also catching the eye were its cash receipts, which grew 360% to $77.4 million, and its net operating cash flow of $24.1 million, which helped drive a 13% increase in cash balance to $222.8 million.

Outlook

DroneShield revealed that its sales pipeline now stands at $2.2 billion across a total of 312 projects.

The bulk of this is in the European and UK markets, which accounts for $1.1 billion of its sales pipeline across 77 projects.

Elsewhere, the US sales pipeline totals $268 million across 126 projects and the Asia market has a sales pipeline of $501 million across 28 projects.

It is worth noting that DroneShield’s sales pipeline is lower than the $2.3 billion across 296 projects it reported in February. However, management notes that this reflects net project movement of negative $84 million from the conversion into sales and change in scope and currency movements of +$30 million.

Looking longer term, the company has spoken about its 2030+ vision. This includes a revenue target of $1 billion with significant recurring revenue >30%.

It will also look to achieve this with “strong diversification across end-users, geographies and product solutions, with hardware and software updates.”

The post DroneShield share price jumps after reporting 121% Q1 revenue increase appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield. 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.

BHP Group Ltd (ASX: BHP) shares are in the spotlight on Wednesday after the mining giant released its third-quarter update.

At the time of writing, the Big Australian’s shares are up 1.5% to $56.41.

BHP share price pushes higher on quarterly update

Investors have been buying the company’s shares after it released a solid production update for the three months ended 31 March.

According to the release, total copper production decreased 3% to 1,461kt. However, copper production guidance for FY 2026 remains unchanged at between 1,900kt and 2,000kt and is now expected to be in the upper half of the range.

This was achieved with an average realised price of US$5.47 per pound, which represents a 31% increase on the prior corresponding period.

Another positive is that management has lowered its cost guidance for the massive Escondida copper operation in Chile. It now expects unit costs to be US$1.00 to US$1.20 per pound (from US$1.20 to US$1.50 per pound).

Iron ore production increased 2% to 197Mt for the quarter. This was driven by record production from WAIO, which posted a 2% lift in average realised price to US$84.91 per tonne. As a result, iron ore production guidance for FY 2026 remains unchanged at between 258Mt and 269Mt.

Elsewhere, steelmaking coal production was up 1% and energy coal production lifted 11% for the third quarter.

Management commentary

Commenting on the quarter, BHP’s outgoing CEO, Mike Henry, said:

BHP has delivered strong performance over the past nine months, including record material mined and concentrator throughput at Escondida and record production at WAIO. These results reflect the consistency of our operations and the strength of our high margin diversified portfolio in an evolving operating environment. In copper, strong performance at Escondida and Antamina supports our expectation of delivering production in the upper half of FY26 Group copper guidance.

We continue to make steady progress across our copper growth program, consistent with our focus on long-life, high-quality copper supply and disciplined capital allocation. During the quarter we submitted a permit application for Escondida’s new concentrator, and Resolution Copper achieved a key milestone, allowing the project to progress drilling required to complete its mine design and feasibility study.

Henry also commented on the impacts of the war in the Middle East. He said:

Our centralised procurement capability and our low-cost operations have positioned us advantageously in the face of industry wide pressure on the cost of energy and consumables as a result of the conflict in the Middle East.

The post BHP shares charge higher following third-quarter update appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

NextDC Ltd (ASX: NXT) shares are pushing higher on Wednesday.

In early trade, the data centre operator’s shares were up as much as 9% to $15.47 after returning from a trading halt, before pulling back.

Why are NextDC shares rising today?

The catalyst for today’s move has been the release of a major update highlighting a surge in customer demand and contracted capacity.

According to the release, NextDC reported a record increase in contracted utilisation, rising by approximately 250MW or 60% since the end of December to reach 667MW on a pro forma basis.

This represents a significant step change in demand for its data centre capacity, particularly from hyperscale and artificial intelligence (AI) customers.

Record demand and forward pipeline

In addition to the strong growth in contracted utilisation, the company revealed that its forward order book has increased by 83% to 544MW.

This forward order book represents capacity that has been contracted but is not yet billing, meaning it is expected to convert into revenue over time.

Management estimates that this existing contracted utilisation could generate more than $1 billion in EBITDA once fully operational, which is more than four times the midpoint of its FY 2026 EBITDA guidance.

But it may not stop there. The release notes that NextDC is currently in discussions with various existing and potential customers about further contracts, which are at various stages of progression.

Expansion plans underway

To support this surge in demand, NextDC is accelerating development at its S4 data centre in Western Sydney.

The company plans to invest approximately $1.5 billion to bring additional capacity online more quickly, ensuring it can meet customer requirements.

Management notes that the rapid increase in contracted utilisation has effectively pulled forward its development timeline, reflecting the strength of demand in the market.

This demand is being driven by structural trends such as cloud computing and the rapid adoption of artificial intelligence technologies.

Capital raising

Alongside the operational update, NextDC announced a capital raising to support its expansion plans.

This includes a fully underwritten entitlement offer to raise approximately $1.5 billion, as well as an expanded hybrid securities offering.

This morning, it revealed that it has successfully raised $1 billion from institutional investors at a 10% discount of $12.70 per new share.

Commenting on the capital raising, NextDC’s CEO, Craig Scroggie, said:

This is an exciting new phase of growth for NEXTDC and I am pleased to see such strong support from our shareholders in this Entitlement Offer. This equity raising, coupled with the Hybrid Securities Offer and other funding initiatives announced by the Company, provides NEXTDC with a strong liquidity position to fund our record 544MW4 pro forma Forward Order Book as at 31 March 2026.

Management commentary

Scroggie said the increase in contracted utilisation is unprecedented and highlights the strength of demand. He adds:

The scale of this increase in contracted utilisation and the resulting uplift in the Company’s pro forma Forward Order Book are unprecedented, underscoring the record levels of demand we continue to experience. I am particularly pleased to see our Western Sydney expansion strategy coming to fruition, with contracted capacity at S4 representing the culmination of years of planning and investment by NEXTDC.

While raising equity is not a step we take lightly, this is a unique opportunity to materially expand NEXTDC’s contracted capacity and de-risk the Company’s Western Sydney developments ahead of potential strategic partnership transactions with private capital partners from 2027.

The post Why are NextDC shares storming higher today? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Nextdc. 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.

Lynas Rare Earths Ltd (ASX: LYC) shares slipped 2% to $19.97 on Tuesday, pausing what has otherwise been a powerful rally.

Even with the pullback, the numbers are hard to ignore. The rare earths producer is up roughly 61% year to date and an eye-catching 133% over the past 12 months.

After such a run, investors are asking the obvious question: Is there more upside ahead for Lynas shares, or has the rally gone too far?

Building momentum

On Tuesday, Lynas reported its highest quarterly sales revenue since 2022. The latest quarterly update suggests momentum is still building.

For the March quarter, Lynas delivered strong growth across key metrics. Gross sales revenue rose to $265 million, up from $201.9 million in the prior quarter. Sales receipts climbed to $234 million, pointing to improved cash conversion.

Production also held firm. Total rare earth oxide output reached 3,233 tonnes, including 1,996 tonnes of high-demand neodymium and praseodymium. These are critical materials used in electric vehicles, wind turbines, and advanced electronics.

Pricing provided another tailwind. Average selling prices moved higher, supported by improved product mix and firmer market conditions. Lynas also flagged stronger demand across both light and heavy rare earths, including premium materials like dysprosium and terbium.

Deals in Japan and US

Beyond the numbers, Lynas made important progress securing long-term demand.

During the quarter, Lynas shares signed a new 12-year agreement with Japan Australia Rare Earths for NdPr supply. The deal includes volume commitments and a floor price mechanism, offering greater revenue visibility. There’s also upside through profit-sharing if prices rise above agreed levels.

In the US, Lynas advanced its strategic position with a letter of intent tied to government-backed funding. Around US$96 million is expected to support the purchase of rare earths materials, strengthening supply chains outside China.

Operational expansion, stronger balance

Operationally, expansion remains a key focus. At Mt Weld, the company continues to invest in boosting recovery rates and lifting output. A hybrid renewable energy system is also being rolled out, cutting diesel use and improving efficiency.

In Malaysia, production of samarium oxide began ahead of schedule, adding a new revenue stream and pushing further into higher-value products. Meanwhile, work continues on downstream processing, including developments in the US and potential projects in Vietnam.

The balance sheet of Lynas shares is also strengthening. Lynas ended the quarter with $1.07 billion in cash and short-term deposits, up from just over $1.03 billion previously. That’s despite ongoing investment, highlighting solid underlying cash flow.

So why is the market watching so closely?

Rare earths are back in focus as global demand rises and supply chain risks persist. Lynas shares stand out as one of the few large-scale producers outside China, giving it strategic importance.

Analysts remain broadly positive. According to TradingView data, 10 out of 16 brokers rate the stock a buy or strong buy. The average price target is $22.30, implying around 12% upside, while the most bullish forecasts reach $32.11.

After a huge run, volatility is inevitable. But with strong demand, long-term contracts, and expanding capacity, Lynas shares may not be done yet.

The post Boom or bust: What’s next for Lynas shares? appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Van Dinther has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. 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.</p>

The Northern Star Resources Ltd (ASX: NST) share price is in focus after the gold miner reported 381,000 ounces sold at a higher margin for the March 2026 quarter and generated strong underlying free cash flow of $301 million.

What did Northern Star Resources report?

• Gold sold: 380,807 ounces at an all-in sustaining cost (AISC) of A$2,709 per ounce
• Group underlying free cash flow: A$301 million
• Net mine cash: A$426 million
• Revenue from gold sales: A$2,012 million
• Cash and bullion balance: A$1,183 million at quarter end
• On-market share buy-back of up to A$500 million announced

What else do investors need to know?

Northern Star’s operational focus delivered higher-margin ounces and improved cash generation in the March quarter. Key operations at Kalgoorlie, Yandal, and Pogo reported stronger gold grades and efficiency, while the SLTIFR safety metric remained low at 0.6 injuries per million hours worked.

The KCGM Mill Expansion Project remains on track for early FY27 commissioning, though capital expenditure forecasts were revised upward due to inflation and construction delays. The company also refinanced its undrawn A$1.75 billion bank facility, extending maturity into 2030 and 2031.

What did Northern Star Resources management say?

Managing Director & CEO Stuart Tonkin said:

The March quarter demonstrated improved operational performance, with the Company forecast to deliver its revised FY26 production guidance of above 1.5Moz. As previously disclosed, this outlook remains particularly dependent on mill throughput at KCGM, with downside and upside potential.

Our share buy-back announcement during the quarter reflects confidence in the strength of our business, the structural uplift in cash generation expected from the ramp-up of the new Fimiston processing plant and the compelling value we see in our share price.
The KCGM Mill Expansion remains on track for commissioning in early FY27. At the same time, our team continues to optimise the engineering and design of the Hemi Development Project while advancing approvals.

What’s next for Northern Star Resources?

Northern Star reaffirmed FY26 guidance for gold sales above 1.5 million ounces at an AISC of A$2,600–A$2,800/oz. The focus remains on completing the KCGM Mill Expansion, progressing the Hemi Development Project’s approvals, and executing the announced share buy-back.

The company maintains its growth capital spending outlook, with investment to underpin production growth and longer-term efficiency. Exploration spending remains steady, aiming to extend mine life and support future production targets.

Northern Star Resources share price snapshot

Over the past 12 months, Northern Star Resources shares have risen 3%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 15% over the same period.

View Original Announcement

The post Northern Star Resources March quarter 2026: higher-margin gold sales and solid cash flow appeared first on The Motley Fool Australia.

More reading

• Ramelius Resources shares: Dalgaranga exploration lifts future mine potential
• Vault Minerals posts strong Q3 gold production and free cash flow jump
• Iluka Resources quarterly earnings: revenue, production, and project updates
• Scentre Group earnings: sales rise and more visitors for Westfield in 2026
• Perpetual provides Q3 FY26 update: reveals AUM decline, Corporate Trust growth

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 Iluka Resources Ltd (ASX: ILU) share price is in focus today after the miner reported mineral sands revenue of $147 million for the March quarter, alongside ramping up activities at its rare earths refinery.

What did Iluka Resources report?

• Mineral sands revenue fell 46.8% quarter-on-quarter to $147 million
• Zircon sand sales reached 40.3kt; Z/R/SR sales totalled 70.2kt for the quarter
• Weighted average zircon sand price steady at US$1,491 per tonne
• Total capital expenditure at Eneabba rare earths refinery reached $977 million
• Net debt as at 31 March: $417 million (mineral sands) and $693 million (rare earths, non-recourse)

What else do investors need to know?

Production volumes were down significantly from the prior quarter as Iluka idled its Cataby mine and both synthetic rutile kilns, pending market improvements. Finished goods output in the first half of the year is being sourced from Jacinth-Ambrosia, with Balranald mine continuing its ramp-up phase and producing on-specification heavy mineral concentrate.

The company has already contracted 50kt of zircon sand sales for the second quarter, incorporating price increases of up to US$120/t depending on customer and grade. Logistics costs are climbing, and Iluka expects a weighted average zircon price increase of around US$45/t for Q2. In rare earths, construction at Eneabba is nearing a key milestone, with engineering almost complete and major equipment now on site.

What’s next for Iluka Resources?

Iluka’s operational focus for 2026 will be the progressive ramp-up at Balranald, aiming for steady-state HMC production by mid-year, and continued development at Eneabba in preparation for planned commissioning in 2027. The company continues to monitor market demand, energy costs, and logistics conditions, with synthetic rutile kiln restarts dependent on improving pricing and sales outlook.

With macroeconomic uncertainty and energy supply disruptions affecting global markets, Iluka is targeting improved pricing and cost control, and progressing major projects that support Australia’s supply of critical minerals for electrification and manufacturing.

Iluka Resources share price snapshot

Over the past 12 months, Iluka resources shares have risen 112%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 15% over the same period.

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The post Iluka Resources quarterly earnings: revenue, production, and project updates 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.