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IGO Limited Reports Strong Quarter Amid Operational Challenges

Story Highlights
  • IGO Limited achieved strong operational performance with increased sales and safety improvements.
  • Challenges at Kwinana refinery led to asset impairment, while ESG efforts continue.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IGO Limited Reports Strong Quarter Amid Operational Challenges

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IGO ( (AU:IGO) ) has issued an announcement.

IGO Limited reported a strong operational quarter ending June 2025, with significant improvements in safety performance and increased spodumene sales at Greenbushes, achieving a 60% EBITDA margin. The Nova site also saw higher production and reduced cash costs, contributing to an underlying EBITDA of $62M for the quarter. However, the Kwinana lithium hydroxide refinery faced operational challenges, leading to a full impairment of Train 1. The company is embedding a new exploration business model and refining its ESG framework to align with stakeholder expectations and its commitment to a clean energy future.

The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.

More about IGO

IGO Limited is a company operating in the mining industry, focusing on the extraction and production of minerals such as spodumene and nickel. The company is involved in operations at Greenbushes and Nova, with a market focus on optimizing production and safety performance.

Average Trading Volume: 4,625,488

Technical Sentiment Signal: Sell

Current Market Cap: A$3.79B

For detailed information about IGO stock, go to TipRanks’ Stock Analysis page.

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