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Quarterly Report March 2022

26 APRIL 2022

Today, we released our March 2022 Quarterly Report to the market

Today we released our March 2022 Quarterly Report, highlighting several significant milestones achieved as we make further progress in reshaping our portfolio for a low carbon future. These included our first reported copper production since acquiring a stake in the Sierra Gorda copper mine in Chile, our progress toward doubling our share of green aluminium production with first metal from Brazil Aluminium this month, and reporting the pre-feasibility results for our Taylor Deposit at Hermosa in the USA.

Our FY22 production guidance remains unchanged, and we achieved another excellent operating result, delivering to plan while capitalising on historically strong end markets for many of our commodities. 

Our strong financial position allowed us to close the acquisition of Sierra Gorda and return our balance sheet to a net cash position by the end of the March quarter.

In April we paid our fully franked, interim dividend, returning a record US$404 million to shareholders off the back of a significantly improved financial performance in the December 2021 half.

Read the full report here.