South32 exceeds production guidance, divests Cerro Matoso

South32 exceeded its FY25 production guidance by 102%, driven by 20% higher copper production and 6% increase in aluminium output. Group sales volumes rose 21% in the quarter.

Sierra Gorda's payable copper equivalent production surged 20%, exceeding guidance by 4%, with South32 receiving $176m in distributions. Australia Manganese production surpassed guidance by 9%.

The company returned $350m to shareholders and entered a binding agreement to divest Cerro Matoso. South32 invested $517m in its Hermosa project during FY25.