BHP shares rise after this morning's release of production results

BHP released their production results for the nine months ending on the 31st of March, as well as their results for the first quarter of 2024.

Their strongest production was copper, which was increased by 7% with an output of 465.9kt. This was due to improvements in production in Copper South Australia (up 49%) and Escondida mines.

Coal was also up quarter on quarter, despite this, BHP decreased their production expectations and increased unit cost guidance for 2024 due to weather wet concerns.

For the full breakdown, here is the graph from their report: