BHP Group Ltd shares slipped fractionally to $60.78 during Monday afternoon trading.
Forget the old image of BHP shares as an iron ore miner with side hustles.
In FY 2026, copper contributed more than half of BHP's underlying EBITDA for the first time ever, with production hitting about 2 million tonnes.
WA Iron Ore delivered record production in FY 2026 and, according to BHP, remains the world's lowest-cost iron ore operation.
BHP generated US$9.8 billion of free cash flow in FY 2026 — a 83% jump.
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BHP Group Ltd shares slipped fractionally to $60.78 during Monday afternoon trading. BHP's copper growth pipeline could lift attributable production by around 40% by FY 2035.
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The article, shortened and in plain language
BHP Group Ltd shares slipped fractionally to $60.78 during Monday afternoon trading.
After a run like that, the question is whether there's anything left in the tank.
Forget the old image of BHP shares as an iron ore miner with side hustles. Copper is now doing the heavy lifting. In FY 2026, copper contributed more than half of BHP's underlying EBITDA for the first time ever, with production hitting about 2 million tonnes.
BHP's copper growth pipeline could lift attributable production by around 40% by FY 2035.
None of this means BHP is walking away from iron ore. WA Iron Ore delivered record production in FY 2026 and, according to BHP, remains the world's lowest-cost iron ore operation. The target now is production above 305 million tonnes a year.
BHP is about to add a new commodity to its arsenal. The Jansen potash project in Canada was 84% complete at the end of FY 2026 and remains on track for first production in mid-2027 — with an expected operating life beyond 60 years.
BHP generated US$9.8 billion of free cash flow in FY 2026 — a 83% jump. Net debt fell below US$9 billion, and the company handed shareholders US$8.7 billion in dividends, its biggest annual payout in four years.
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