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FMG's iron ore production in Q4 reached 61.9 million mt, up 8% MoM and 12% YoY.
Jan 23, 2025, at 1:40 pm
Australian mining company Fortescue Metals Group (FMG) released its Q4 2024 operational report. FMG's iron ore production in Q4 reached 61.9 million mt, up 8% QoQ and up 12% YoY.
Australian mining company Fortescue Metals Group (FMG) released its Q4 2024 operational report. FMG's iron ore production in Q4 reached 61.9 million mt, up 8% QoQ and up 12% YoY. FMG's iron ore shipments in Q4 totaled 49.4 million mt, up 4% QoQ and up 1% YoY. FMG's C1 cash cost in Q4 was $18.24/wmt (based on Pilbara hematite), down 10% QoQ and up 4% YoY. Additionally, the shipment target for fiscal year 2025 is set at 190-200 million mt, with a C1 cost target of $18.5-19.75/wmt (based on Pilbara hematite).
