Mineral Resources lifts FY26 volume guidance and accelerates balance sheet repair

The latest update is out from Mineral Resources Limited ( (AU:MIN) ).

Mineral Resources upgraded its FY26 volume guidance across mining services, iron ore and lithium after a strong March quarter, with Onslow Iron, Wodgina and Mt Marion all lifting production expectations while costs generally track at or near the lower end of guidance. Despite cyclone disruptions at Onslow and higher Pilbara iron ore FOB costs, the company reported material deleveraging, stronger liquidity and progress on refinancing, underscoring a more resilient balance sheet and improved earnings outlook for stakeholders.

Quarterly iron ore shipments from Onslow reached 7.2Mt and attributable spodumene sales hit 115k dmt at sharply higher prices, supporting cash generation and a reduction in net debt to about $4.5 billion alongside liquidity of $1.8 billion. Post-quarter, Mineral Resources issued US$1.3 billion in new notes to refinance higher‑coupon debt and prepayments, with an expected further clean‑up of its maturity profile once the planned POSCO transaction completes, potentially lowering funding costs and risk over the medium term.

The most recent analyst rating on (AU:MIN) stock is a Buy with a A$73.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.

More about Mineral Resources Limited

Mineral Resources Limited is an Australia-based mining and mining services company focused on iron ore and lithium operations, alongside contract mining and processing services. Its key assets include the Onslow Iron and Pilbara iron ore hubs, as well as the Wodgina and Mt Marion lithium projects, positioning the group as a significant supplier to global steel and battery materials markets.

Average Trading Volume: 1,262,154

Technical Sentiment Signal: Buy

Current Market Cap: A$11.57B

For an in-depth examination of MIN stock, go to TipRanks’ Overview page.