Latest Operational Costs News

MLG Oz Limited reported a robust 20.5% increase in revenue for the first half of FY2025, reaching $272.9 million, even as net profit after tax declined to $4.1 million. The company anticipates stronger growth in the second half, supported by new contracts and fleet expansion.

MLG Oz Limited has delivered a robust half-year performance with a 20.3% increase in statutory revenue and stable workforce numbers, setting the stage for anticipated growth in the second half of FY2025.

MLG Oz Limited posted a 20.5% increase in revenue to AUD 272.9 million for the half-year ended December 2024, driven by strong gold industry activity. However, net profit after tax fell 42.7% to AUD 4.1 million, reflecting margin pressures and higher depreciation costs.

Lincoln Minerals is accelerating development across its diversified portfolio of critical minerals projects in South Australia's Gawler Craton, targeting copper, uranium, graphite, and high-purity iron to meet global electrification and decarbonization demands.

Deterra Royalties Limited reported a solid half-year profit of $63.9 million despite iron ore price pressures, supported by strong production volumes and gold offtake performance. The company declared a fully franked interim dividend of 9.0 cents per share and maintains robust liquidity for strategic investments.

Simonds Group delivered a resilient $13.6 million EBITDA in 1H FY25 amid a soft residential market and announced a strategic acquisition of Dennis Family Homes to fuel future growth.

Winsome Resources has raised approximately A$7.8 million through a placement to advance its flagship Adina Lithium Project and extend the Renard Option to August 2025, with plans for an additional share purchase plan targeting A$2.5 million.

Brightstar Resources has reported outstanding metallurgical test results from its Cork Tree Well deposit, with gold recoveries exceeding 90% across multiple rock types. The company is fast-tracking further drilling to expand resource potential amid a recent board change.

Lithium Universe Limited’s Definitive Feasibility Study confirms the economic viability of its Bécancour Lithium Refinery, projecting robust returns even amid subdued lithium prices. The project aims to produce 18,270 tonnes per year of battery-grade lithium carbonate, leveraging proven Jiangsu technology and a counter-cyclical development strategy.

Triangle Energy reports a missed payment from Pilot Energy related to the Cliff Head project sale, while Pilot continues funding operational costs amid capital raise talks.

Aurizon Holdings reported a 3% revenue increase in its half-year FY2025 results, driven by higher coal volumes, but underlying NPAT fell 14% due to rising costs and customer mix effects. The company’s strong free cash flow supports an expanded $300 million buy-back program.

Aurizon’s half-year FY2025 results reveal a 4% EBITDA decline despite a 6% increase in coal volumes, alongside mixed safety outcomes and an extended $300 million buy-back program.