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Fortescue Ltd (ASX:FMG)

ALERT: Price-sensitive ASX Announcement for FMG
Current share price for FMG : $18.070 -2.9 (-13.83%)+
Announcement
Release
24 Apr 2026 8:31AM
Price at Release
$20.970
Full Release
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Summary
Fortescue Ltd's March 2026 Quarterly Production Report highlights strong operational performance with total ore shipments of 48.4 million tonnes in Q3 FY26, marking a record for the nine months to March 2026. The company maintained a safety index of 173 and a TRIFR of 1.4. Despite weather disruptions impacting Iron Bridge shipments, Fortescue's total shipments guidance for FY26 remains at 195-205Mt. The Hematite C1 unit cost decreased to US$18.29/wmt in Q3. The company is accelerating its green energy initiatives, including a US$680 million investment in the Pilbara, and expects to achieve Real Zero emissions by 2030. Fortescue has also expanded its copper portfolio with the acquisition of Alta Copper.
Key Points
  • Achieved a Leading Safety Index of 173 and a TRIFR of 1.4.
  • Total ore shipments of 48.4Mt in Q3 FY26, contributing to record shipments for the nine months.
  • Weather disruptions impacted Iron Bridge Concentrate shipments.
  • Hematite C1 unit cost reduced to US$18.29/wmt in Q3 FY26.
  • Guidance for FY26 total shipments is unchanged at 195 - 205Mt.
  • Accelerating green energy projects with a US$680 million investment in the Pilbara.
  • Fortescue aims for Real Zero emissions by 2030.
  • Completed acquisition of Alta Copper, enhancing its copper portfolio.
  • Cash balance of US$4.2 billion at 31 March 2026 with net debt of US$1.6 billion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.