Fortescue Production Costs Start to Concern -- Market Talk

Dow Jones

Jan 27

0116 GMT - Fortescue risks missing cost guidance, particularly as the AUD/USD exchange rate rises, says Bell Potter analyst David Coates. Second-quarter C1 costs were higher than the top end of Fortescue's annual guidance range and now sit just above guidance for FY 2026 year to date, says Coates. "FMG is guiding for lower strip ratios to help reduce costs," Coates says. Yet the broker raises its assumed FY mining costs by 2% to US$19.09/ton, to reflect the latest reported costs. Fortescue's FY guidance is for C1 costs between US$17.50 and US$18.50/ton. Bell Potter has a hold rating on Fortescue. It raises its target to A$20.30 from A$19.30, citing higher-than-expected iron-ore prices. Fortescue is up 1.1% at A$21.74. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 26, 2026 20:16 ET (01:16 GMT)

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Second-quarter C1 costs were higher than the top end of Fortescue's annual guidance range and now sit just above guidance for FY 2026 year to date, says Coates. \"FMG is guiding for lower strip ratios to help reduce costs,\" Coates says. Yet the broker raises its assumed FY mining costs by 2% to US$19.09/ton, to reflect the latest reported costs. Fortescue's FY guidance is for C1 costs between US$17.50 and US$18.50/ton. Bell Potter has a hold rating on Fortescue. It raises its target to A$20.30 from A$19.30, citing higher-than-expected iron-ore prices. Fortescue is up 1.1% at A$21.74. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 26, 2026 20:16 ET (01:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fortescue Production Costs Start to Concern -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFortescue Production Costs Start to Concern -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-27 09:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0116 GMT - Fortescue risks missing cost guidance, particularly as the AUD/USD exchange rate rises, says Bell Potter analyst David Coates. Second-quarter C1 costs were higher than the top end of Fortescue's annual guidance range and now sit just above guidance for FY 2026 year to date, says Coates. \"FMG is guiding for lower strip ratios to help reduce costs,\" Coates says. Yet the broker raises its assumed FY mining costs by 2% to US$19.09/ton, to reflect the latest reported costs. Fortescue's FY guidance is for C1 costs between US$17.50 and US$18.50/ton. Bell Potter has a hold rating on Fortescue. It raises its target to A$20.30 from A$19.30, citing higher-than-expected iron-ore prices. Fortescue is up 1.1% at A$21.74. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 26, 2026 20:16 ET (01:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"资源股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2606927824","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2606927824","pubTimestamp":1769476560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0116 GMT - Fortescue risks missing cost guidance, particularly as the AUD/USD exchange rate rises, says Bell Potter analyst David Coates. Second-quarter C1 costs were higher than the top end of Fortescue's annual guidance range and now sit just above guidance for FY 2026 year to date, says Coates. \"FMG is guiding for lower strip ratios to help reduce costs,\" Coates says. Yet the broker raises its assumed FY mining costs by 2% to US$19.09/ton, to reflect the latest reported costs. Fortescue's FY guidance is for C1 costs between US$17.50 and US$18.50/ton. Bell Potter has a hold rating on Fortescue. It raises its target to A$20.30 from A$19.30, citing higher-than-expected iron-ore prices. Fortescue is up 1.1% at A$21.74. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7507":"资源股","FMG.AU":"FORTESCUE LTD","BK7129":"钢铁"},"translate_title":"Fortescue生产成本开始令人担忧——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FMG.AU":0.9},"content_text":"0116 GMT - Fortescue risks missing cost guidance, particularly as the AUD/USD exchange rate rises, says Bell Potter analyst David Coates. Second-quarter C1 costs were higher than the top end of Fortescue's annual guidance range and now sit just above guidance for FY 2026 year to date, says Coates. \"FMG is guiding for lower strip ratios to help reduce costs,\" Coates says. Yet the broker raises its assumed FY mining costs by 2% to US$19.09/ton, to reflect the latest reported costs. Fortescue's FY guidance is for C1 costs between US$17.50 and US$18.50/ton. Bell Potter has a hold rating on Fortescue. It raises its target to A$20.30 from A$19.30, citing higher-than-expected iron-ore prices. Fortescue is up 1.1% at A$21.74. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 26, 2026 20:16 ET (01:16 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}