Australian mining company Fortescue Metals Group (FMG) released its Q4 2024 operational report:
In terms of production: FMG's iron ore production in Q4 reached 61.9 million mt, up 8% QoQ and up 12% YoY.
In terms of sales: FMG's iron ore shipments in Q4 reached 49.4 million mt, up 4% QoQ and up 1% YoY.
FMG's Q4 C1 cash cost was $18.24/wmt (based on Pilbara hematite), down 10% QoQ and up 4% YoY. Additionally, the shipment guidance for fiscal year 2025 is 190-200 million mt, with a C1 cost target of $18.5-19.75/wmt (based on Pilbara hematite).

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