BHP's copper production slips

BHP reported a 19% drop in copper production for Q3 due to planned maintenance and weather disruptions, but maintained full-year guidance of 1.65-1.8M tonnes. Iron ore production rose 4% to 66.5M tonnes, with guidance unchanged. CEO Brandon Craig highlighted strong commodity prices, particularly copper, and growth plans for copper and potash projects.

BHP reported a 19% drop in Q1 copper production to 400.7 kt, citing maintenance and weather disruptions, while iron ore production rose 4% to 66.5 mt. Copper prices surged 53%, but iron ore prices fell 9%. The company maintained its FY27 production guidance. BHP's shares in Australia dropped 1.74% to A$59.40.

BHP Group reported a 19% drop in copper production for the quarter due to weather disruptions and lower ore quality in Chile, but maintained its full-year guidance. Copper output was 400,700 tons, while iron ore production remained steady at 66.5 million tons. Realized copper prices rose 53% year-over-year to $7.01 per pound. BHP shares fell 2.6% in early trading.

BHP reported a 19% drop in copper output for Q1 FY2027, citing planned declines at Escondida and operational disruptions. Despite this, the company maintained its full-year guidance of 1.65–1.80 million tonnes, expecting recovery in subsequent quarters. Escondida's lower feed grades and temporary stoppages were key factors in the decline.

BHP reported a 19% YoY decline in Q1 FY2027 copper production to 400,700 mt, citing lower grades and operational issues. Despite this, the company maintained its FY2027 guidance of 1.65–1.8 million mt. The decline was primarily due to planned lower grades at Escondida and temporary disruptions, with some issues already easing.

BHP reported a 19% decline in copper production for Q3 2026, citing planned maintenance, weather, and operational issues. It maintained FY2027 guidance at 1.65–1.80 million tonnes. Escondida's output fell 23% YoY, while Antamina rose 18%. BHP approved $800M for Escondida's new concentrator.