BHP Group Limited Quarterly Activities Report
Key points
- Record iron ore and ~2 Mt copper production
- Strong cost management and unit cost guidance
- Progress on copper growth options and strategic partnerships
- Executive and Board updates
- Production guidance for FY27 provided
Full summary
BHP Group Limited delivered a strong performance for the year ended 30 June 2026, with record iron ore and ~2 Mt copper production. The company achieved this against a backdrop of stronger realized prices for both copper and iron ore. Cost control was particularly strong, with every asset expected to be within unit cost guidance despite inflation and global supply chain disruptions. The company also progressed applications to restart Cerro Colorado in Chile, defined development pathways for Copper South Australia, Escondida, and Spence, and expanded future copper options in the US through progress at Resolution and the investment in Faraday. The company also provided production guidance for FY27.
Guidance
FY27 copper production expected between 1,650 and 1,800 kt; iron ore production expected between 260 and 272 Mt
Outlook
BHP remains confident in the demand for its core commodities, supported by long-term trends including industrialization, urbanization, digitalization, the energy transition, population growth, and food security.
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