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The latest announcement is out from IGO ( (AU:IGO) ).
IGO Limited reported its second-quarter 2026 results with a solid operational performance at the Nova nickel operation, continued strong margins at the Greenbushes lithium mine, and early progress at the expanded CGP3 processing plant. Greenbushes delivered a 64% EBITDA margin as realised spodumene prices rose 16% to US$850 per tonne and quarterly production of 352kt remained on plan, while Nova generated positive cash flow in line with its life-of-mine plan despite lower sales due to shipping schedules. At the Kwinana lithium hydroxide plant, production reached 2.1kt, or 35% of nameplate capacity, but was impacted by a maintenance outage that pushed unit conversion costs up 46% and resulted in a $51 million EBITDA loss on a 100% basis. Across the group, underlying EBITDA came in at $30 million, underlying free cash flow was a positive $13 million, and net cash held broadly steady at $299 million, underscoring a stable balance sheet as the company focuses on asset optimisation, productivity improvements and further strengthening its safety performance, with TRIFR improving to 5.8 over 12 months.
The most recent analyst rating on (AU:IGO) stock is a Sell with a A$8.40 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 an Australian mining and resources company focused on the production of battery and critical minerals, including spodumene from its Greenbushes operation, lithium hydroxide from its Kwinana plant, and nickel and copper from its Nova mine. The company targets growing demand from the global clean energy and electric vehicle sectors through a portfolio of upstream and downstream assets designed to supply key materials into the battery supply chain.
Average Trading Volume: 4,129,139
Technical Sentiment Signal: Buy
Current Market Cap: A$7.05B
Find detailed analytics on IGO stock on TipRanks’ Stock Analysis page.