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Fortescue holds FY27 guidance despite lower shipments and CMRG sales gap
9:04am on Thursday 8th of October, 2026 AEDT
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Mining
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Fortescue holds FY27 guidance despite lower shipments and CMRG sales gap
9:04am on Thursday 8th of October, 2026 AEDT
Key Points
Q1 FY27 iron ore shipments of 46.8Mt, down 6% year on year
Hematite realised price of US$80 per dry metric tonne
Sales of 42.9Mt fell short of shipments amid CMRG negotiations
Net debt increased to US$2.8 billion from US$0.9 billion
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