Investors have been buying the miner's shares today in response to an iron ore operations update ahead of an analyst tour of the Pilbara.
According to the release, during the third quarter of FY 2023, Pilbara iron ore shipments totalled 83.9 million tonnes and production was 83.5 million tonnes (on a 100% basis).
In light of this, the miner's shipments guidance (100% basis) remains unchanged for 2023 and is expected to be in the upper half of the 320 million to 335 million tonne range. This has been supported by the Safe Production System, which is on track to deliver a 5 million tonne productivity uplift.
As for costs, its Pilbara unit cost guidance for 2023 remains at US$21 to US$22.5 per wet metric tonne.
