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South32 Limited (ASX:S32)

ALERT: Price-sensitive ASX Announcement for S32
Current share price for S32 : $4.060 -0.35 (-7.94%)+
Announcement
Release
22 Apr 2026 8:00AM
Price at Release
$4.410
Full Release
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Summary
South32 Limited's March 2026 Quarterly Report outlines several operational and financial updates. Despite challenging conditions, including higher freight rates and caustic soda prices due to global conflicts, South32 maintained stable production across several operations. Key highlights include a record alumina production in Brazil and measures taken to improve process stability in Brazil Aluminium. However, sales were impacted by timing issues and environmental disruptions. The company continued to advance its projects, such as the Hermosa and Ambler Metals projects, with significant investments in capital expenditure and exploration. The report also discusses the impact of weather conditions on operations and provides forward-looking statements regarding production guidance and financial expectations.
Key Points
  • Sales decreased by 15% due to lower product availability and shipment timing.
  • Higher global freight and caustic soda prices impacted costs.
  • Record alumina production in Brazil, with stable production in other operations.
  • Implemented measures in Brazil Aluminium to improve stability.
  • Weather-related disruptions affected sales and operations.
  • Significant investments in Hermosa and Ambler Metals projects.
  • Advance in federal permitting process for Hermosa project.
  • Continued exploration and development efforts in key projects.
  • Forward-looking statements on production and financial guidance provided.
  • Dividend payment and additional lease liabilities noted.
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.