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Pilbara Minerals ( (AU:PLS) ) has provided an announcement.
Pilbara Minerals reported a significant increase in production and sales for the June 2025 quarter, driven by the successful optimization of the Pilgan Plant following the P1000 expansion. Production rose to 221.3 thousand tonnes, and sales increased by 72% compared to the previous quarter, despite a decrease in the realized price per tonne. The company achieved a 28% revenue increase to $193 million, supported by higher sales volumes. The Pilgan plant’s optimization led to lower unit operating costs, and the company maintained a strong cash position with a balance of $1.0 billion. Pilbara Minerals also reported a 23% increase in contained lithium resources, reinforcing its position in the global lithium market. The company continues to focus on cost control and has released guidance for FY26, indicating plans for increased production and reduced costs.
The most recent analyst rating on (AU:PLS) stock is a Hold with a A$2.95 price target. To see the full list of analyst forecasts on Pilbara Minerals stock, see the AU:PLS Stock Forecast page.
More about Pilbara Minerals
Pilbara Minerals Limited is a leading lithium producer in the mining industry, focusing on the production and sale of spodumene concentrate. The company operates the Pilgangoora Operation, one of the largest hard rock lithium operations globally, and is committed to optimizing production and cost efficiency.
Average Trading Volume: 44,224,838
Technical Sentiment Signal: Sell
Current Market Cap: A$5.47B
Learn more about PLS stock on TipRanks’ Stock Analysis page.