Daily Roundup

BHP faces copper headwinds but holds steady on guidance

Mining giant BHP reported a challenging first quarter for fiscal 2027, with copper production sliding 19% due to planned grade declines, maintenance activities, and severe weather in Chile. The silver lining? Copper prices came in 50% higher than the prior year, cushioning the blow from lower volumes. Iron ore production managed a 4% bump, though steelmaking coal took a 13% hit. Despite the quarterly turbulence, BHP isn't wavering on its full-year production targets, keeping copper guidance locked at 1,650-1,800 kilotonnes. The company is also making headway on strategic projects, with the Jansen potash operation in Canada tracking toward first production in mid-2027.

Gold miners navigate production bumps

On the precious metals front, Bellevue Gold produced 35,585 ounces in the latest quarter, down from 41,643 ounces previously, as a contractor transition didn't ramp up as quickly as hoped. The good news is that deferred production should bounce back in coming quarters. The company also made meaningful progress on its hedge book, voluntarily pre-delivering 11,150 ounces and targeting complete extinguishment by year's end—a move that should unlock significant free cash flow growth. Mined grades remained steady, reflecting well-established operations. Full-year guidance sits at 150,000-170,000 ounces.

Regis Resources delivered a steadier hand, posting 83,000 ounces of gold production for the September quarter despite heavy rainfall disruptions. The company bolstered its balance sheet with cash and bullion climbing to $1.28 billion, and shareholders got a boost from fully franked final dividends of $152 million. On the board front, longtime chairman James Mactier and director Fiona Morgan will step down at the annual meeting, with Ian Macliver taking the reins as chairman-elect.

Wealth platform HUB24 keeps climbing

HUB24 kicked off the new fiscal year on a strong footing, with funds under administration reaching $168.6 billion—a 15% jump year-on-year. The HUB24 Platform itself grew 18% to $143.7 billion, though net inflows dipped 23% to $4.0 billion compared to the prior year. Still, the platform claimed top spot for quarterly and annual net inflows and signed up 45 new licensee agreements. The company also welcomed 211 additional advisers to its platform and snagged the highest Net Promoter Score, ranking first in nine of eleven categories in the latest Adviser Ratings report.

Gentrack powers up with Momentum Energy deal

Software provider Gentrack Group landed a contract with Momentum Energy to deploy its g2 billing solution across the energy retailer's 200,000-plus residential and business meter points in Australia. Momentum Energy tapped Gentrack for its proven track record, regulatory chops, and tight Salesforce integration. The partnership is designed to simplify technology, trim costs, and build a scalable platform primed for AI-driven innovation down the road.