Latest Operating Costs News

Xstate Resources has divested its 25% stake in the Crest Jinn assets in Alberta, Canada, opting for a modest royalty interest as it refocuses amid geopolitical and operational uncertainties.

ReNu Energy has agreed to sell its Countrywide Hydrogen Business, including a key Tasmanian green hydrogen project, to a management-controlled entity for up to $1.1 million, pending shareholder approval. This strategic divestment aims to relieve financial pressures and reposition the company as a debt-free vehicle focused on new growth opportunities.

Lindian Resources has awarded a $1.3 million contract to Mota-Engil for the construction of a critical access road at its Kangankunde Rare Earths Project in Malawi, marking a key milestone in project development and local infrastructure enhancement.

Beach Energy has reported a robust 15% increase in production and a 37% rise in underlying NPAT for the first half of FY25, underpinned by operational improvements and strategic initiatives. The company also announced a 50% increase in its interim dividend, signaling strong confidence in its financial outlook.

Beach Energy Limited has reversed its fortunes with a $222.3 million net profit for H1 FY25, driven by higher production and improved gas prices. The company also announced a fully franked interim dividend of 3.0 cents per share.

REA Group has reported a robust half-year performance for H1 FY25, with revenue climbing 20% to $873 million and net profit surging 26%, driven by strong Australian and Indian market momentum and strategic technology investments.

REA Group has delivered a robust first half FY25 performance, posting a 20% revenue increase and a 26% rise in net profit, underpinned by strong Australian and Indian market growth. The company also announced a 26% higher interim dividend, signaling confidence in its ongoing momentum.

Maggie Beer Holdings reports a sales increase for 1H FY25 but faces declining EBITDA, prompting a strategic overhaul focused on cost reduction and operational streamlining.

Kingsgate Consolidated Limited celebrates a key production milestone at its Chatree Gold Mine with the 100th gold pour since March 2023, alongside rising head grades and ore volumes exceeding forecasts.

Sarytogan Graphite Limited reports compelling new copper anomalies at its Baynazar project in Kazakhstan, highlighting potential porphyry mineralisation and plans for expanded soil sampling and drilling.

Aeris Environmental has updated its quarterly cash flow report, confirming ongoing operational cash outflows but expressing confidence in maintaining current cash flow levels while exploring new funding avenues.

Top Shelf International Holdings reports a $2 million underlying EBITDA loss in Q2 FY25, while pursuing the sale of its Campbellfield facility and exploring capital raising options amid ongoing trading suspension.