Daily Roundup

Acusensus Lands Major ACT Traffic Enforcement Contract

Acusensus has secured a significant multi-year contract with the Australian Capital Territory Government worth approximately $63 million over five years, with the potential to reach $210 million if all extension options are exercised. The AI-enabled road safety company will provide transportable and fixed enforcement camera solutions across the territory, covering red-light violations, speeding, average speed enforcement, mobile phone use, and seatbelt compliance. This win positions Acusensus to potentially expand its footprint across other Australian territories with similar contracts.

Mining Sector Delivers Strong Quarterly Results

The mining sector is firing on all cylinders this quarter, with several major players reporting robust operational performance and improved financial positions.

Alkane Resources kicked off FY27 with solid momentum, producing 40,740 gold equivalent ounces at an all-in sustaining cost of $2,805 per ounce. The company generated $102 million in mine operating cash flow and closed the quarter with $440 million in cash and bullion. Notably, Alkane paid its maiden fully franked dividend of 2 cents per share, signaling confidence in its operational trajectory. The company is guiding for FY27 production of 163-177 koz gold equivalent at an AISC of $2,900-$3,200 per ounce.

Newmont Corporation posted record results for Q3 2026, reporting adjusted net income of $2.3 billion and generating $1.9 billion in free cash flow. The gold giant produced 1.3 million attributable ounces during the quarter and remains on track to meet its full-year production guidance of 5.3 million attributable ounces. The company also made progress on key projects, completing shaft construction at the Tanami Expansion 2 with commercial production expected in the first half of 2027, while advancing the Red Chris Block Cave project toward a full-funds investment decision in early 2027.

Whitehaven Coal reported a strong start to FY27 with ROM production of 11.0 million tonnes, up 3% quarter-on-quarter. Equity sales reached 6.0 million tonnes, though this was down 5% due to export terminal disruptions. The company maintained unit costs at the low end of its FY27 guidance range of $132-$147 per tonne and achieved an average coal price of A$226 per tonne. With net debt at approximately A$1.4 billion, Whitehaven is well-positioned to benefit from strong coal prices and improving market fundamentals in the quarters ahead.

Mineral Resources delivered a standout quarter, achieving record Mining Services production of 103 million tonnes, up 10% quarter-on-quarter. Onslow Iron shipped 9.2 million wet metric tonnes with September marking a record export month. The company also recorded record attributable lithium sales of 170,000 dmt SC6, up 8% quarter-on-quarter. Adding to the positive momentum, Fitch upgraded MinRes' credit rating to BB with a stable outlook, while net debt decreased by $0.2 billion to approximately $4.1 billion. The company expects to complete its POSCO Holdings lithium transaction in the first half of FY27.