BHP Operational Review for the quarter ended 30 September 2023

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Algemeen advies 18/10/2023 06:24
Operational review for the quarter ended 30 September 2023
We remain on track to deliver full year production and unit cost guidance at all assets.
First quarter operational performance was highlighted by a 11% uplift in copper production from the previous year. After completing a
typically busy quarter of planned maintenance particularly at our Australian assets, we are on track to achieve full year production and unit
cost guidance. BMA in particular was impacted by planned maintenance, an extended longwall move and low opening inventory following
drawdowns in the prior year.
Jansen Stage 1 in Canada is approximately one-third complete after a productive summer. In South Australia, we saw strong operational
performance in the first full quarter of production for the new province, as we bring our copper assets together and progress further
exploration drilling.
Mike Henry
BHP Chief Executive Officer

On track to deliver production guidance
FY24 production guidance remains unchanged. Copper
production increased 11%, including record quarterly production
at Spence. BMA production was lower due to maintenance, an
extended longwall move and low inventory. We also executed
major planned maintenance across our Australian business.

see & read more on
https://www.bhp.com/-/media/documents/media/reports-and-presentations/2023/231018_bhpoperationalreviewforthequarterended30september2023.pdf



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