Grange Resources Limited ( (GRRLF) ) has released its Q2 earnings. Here is a breakdown of the information Grange Resources Limited presented to its investors.
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Grange Resources Limited is Australia’s leading magnetite producer, primarily engaged in mining, processing, and selling iron ore, with operations in Tasmania and exploration activities in Western Australia. The company’s latest financial report for the half-year ending June 2025 highlights a statutory profit after tax of $13.8 million, a decrease from the previous year’s $26.5 million, amidst challenging market conditions and lower product pricing. Key financial metrics include revenues of $206.4 million, a reduction in pellet production to 1.07 million tonnes, and increased unit cash operating costs of $180.25 per tonne. Despite these challenges, Grange Resources maintains a strong safety record and continues to invest in future growth and infrastructure improvements, such as the North Pit Underground Development Project and Port Latta upgrades. Looking ahead, Grange Resources remains committed to fulfilling customer commitments and securing future ore delivery, with ongoing strategic investments and operational enhancements.