PROFIT & LOSS

FMG cuts costs as low-grade discount widens

Fortescue Metals Group (AU:FMG) has, again, beat its own quarterly cash cost record, but the discount for its lower-grade product continued to widen.

FMG has continued to bring down costs over the past four years

FMG has continued to bring down costs over the past four years

C1 costs for the December quarter were a record low US$12.08 per wet metric tonne, down by 4% and closer to the full-year guidance range of $11-12/wmt.   Shipments were 40.5 million tonnes of iron...

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