IGO reports 39% revenue dip amid falling commodity prices
IGO Limited (ASX:IGO), a leading player in lithium and nickel mining, released its quarterly report for the period ending 30 September 2024.
Read MoreTag: IGO
IGO dodges investor punishment
Perth-based miner IGO (ASX:IGO) seems to have escaped another round of punishment from investors sceptical about its nickel and lithium operations.
Read MoreIGO turns nickel into gold
We saw the mining equivalent of alchemy on Thursday in a deal revealed by IGO (ASX:IGO) and gold tiddler Medallion Metals (ASX:MM8).
Read MoreIGO overhauls for lithium focus
IGO (ASX:IGO), the Perth-based lithium and waning nickel miner, is intensifying its strategy revamp ahead of its reveal in late August.
Read MoreIGO takes profit hit
Unlike lithium rivals such as Pilbara Minerals and Core Lithium, as well as Albemarle and SQM, Perth-based IGO (ASX:IGO) has not only survived another significant hit from the slump in demand and prices for the key renewable mineral but also endured another miserable period for its other key metal, nickel.
Read MoreNickel and lithium squeeze takes toll on IGO
As expected, the double-play squeeze on nickel and lithium in the December half took a toll on IGO’s (ASX:IGO) interim result.
Read MorePerth-based IGO faces massive losses due to nickel and lithium price slump
Perth-based IGO (ASX:IGO) is grappling with severe damage inflicted on its businesses by plummeting nickel and lithium prices, as well as mining challenges at its acquired Cosmos mine in WA.
Read MoreAlbemarle cuts 300+ jobs amid Greenbushes mine cutback and price changes
A day after IGO (ASX:IGO) revealed a production cutback at the massive Greenbushes lithium mine in southwest WA and introduced a revised pricing structure to lower the effective selling price, one of its mine partners, the US giant Albemarle, reportedly laid off over 300 employees worldwide.
Read MoreIGO cuts pricing and output
IGO (ASX:IGO) has confirmed that the huge Greenbushes lithium mine will cut output because customers have not been buying as much as they did earlier in 2023.
Read MoreIGO clears CEO after confidentiality breach
Perth-based IGO (ASX:IGO) has cleared incoming CEO Ivan Vella after he was summarily fired by his former employer, Rio Tinto, over a confidentiality breach.
Read MoreInvestors react to IGO’s quarterly report amid lithium market uncertainty
Investors had a strong reaction yesterday to IGO's (ASX:IGO) quarterly report, driven by concerns about the volatile outlook for lithium. IGO's shares initially plunged by 11% in early trading, but by 11:30 am, the decline had reduced to just over 4%.
Read MoreIGO’s record lithium-derived payout cushions impact of nickel asset writedowns
In the wake of significant writedowns on the value of its nickel assets acquired through the expensive Western Areas takeover, IGO (ASX:IGO) is poised to alleviate any distress for its shareholders.
Read MoreIGO’s costly nickel adventure
IGO (ASX:IGO) is facing a scarcity of cash and its finances have been strained after incurring a near $1 billion clean-up bill for its costly takeover of nickel miner Western Areas.
Read MoreIGO reports non-cash impairment of assets from Western Areas and Cosmos
17 Jul 2023 – IGO Limited (ASX:IGO) has provided an update regarding the impairment of assets acquired from Western Areas (WSA) in June 2022.
Read MoreIs the Bloom Finally Coming off the Local Lithium Boom?
Judging by the tone from two of the country’s major producers Pilbara Minerals and IGO, they aren’t quite ready to accept that the lithium boom is fading just yet.
Read MoreBumper Half Leads to Record Payout for IGO
Nickel and especially lithium proved to be a highly profitable mix for IGO in the six months to December, enabling the company to pay a record interim dividend of 14 cents per share.
Read MoreIGO Hunting that Essential Acquisition
IGO Ltd and its Chinese partner Tanqui have made a well-timed bid for the smaller lithium aspirant Essential Metals at a likely cost of around $A136 million.
Read MoreIGO Briefs Market on Lithium Ops, Nova Fire
Monday saw IGO with some news on good progress at its WA lithium hydroxide refinery, as well as an update on the weekend fire at its valuable Nova nickel mine.
Read MoreFire Knocks Out IGO’s Nova Nickel Mine
Perth-based resource company IGO has suffered a major hit from a fire that will put its Nova nickel mine out of operation for several weeks.
Read MorePlenty of Green Forthcoming from IGO’s Bushes
The quarterly report from IGO has shown just how lucrative the Greenbushes lithium mine in southwest WA has become as the renewables juggernaut gathers pace.
Read MoreBoardroom Bulletin: ABC, IGO
Two leading ASX-listed companies lost their CEOs yesterday in very different circumstances: Adbri in a strategic move, and miner IGO in a far more tragic fashion.
Read MoreIGO Withholds Sharing the Spoils
For a company reporting its fourth record result in a row, IGO was pretty circumspect as far as rewarding shareholders goes – leaving its full-year payout unchanged at 10 cents per share.
Read MoreIGOing Along Very Nicely
IGO finished the year to June with a wet sail – higher revenue and earnings, the Western Areas takeover completed and good news from its new refinery south of Perth.
Read MoreBourse Discourse: IGO, WES, NCZ
On the ASX docket Thursday: IGO’s WSA takeover reaches its conclusion; a fairly nondescript investor presentation from Wesfarmers; and an old copper mine gets another life.
Read MoreIGO – UBS rates the stock as Buy
Upgrade to Buy from Neutral given the recent share-price retreat. Target price dips to $12.15 from $12.40.
Read MoreIGO Blinks, Raises WSA Bid Price
Sense seems to have prevailed in the end after plenty of chest puffing, with IGO Ltd relenting and upping its offer price for nickel miner Western Areas from $3.36 to $3.87 per share.
Read MoreBall in IGO’s Court as Western Areas Halt Extended
An extension to the trading halt in Western Areas shares will give suitor IGO Ltd some time to figure out the next move, if any, in its $1.1 billion all cash takeover offer.
Read MoreDay of Reckoning for IGO on Western Areas Bid
A big test for IGO today as it learns if its $1.1 billion takeover offer for nickel rival Western Areas – which resumes trading this morning after a two-day halt – has any future whatsoever.
Read MoreCorporate Chatter: DGO / GOR, WSA / IGO
Plenty of corporate activity in the local mining sector, with developments today on the proposed takeovers of DGO Gold by Gold Road Resources and Western Areas by IGO Ltd.
Read MoreIGO Standing Pat on Western Areas Bid
IGO says the surge in nickel prices and subsequent confusion after trading was stopped a week ago will not force his company to lift its offer price of $3.36 for rival miner Western Areas.
Read MoreBroken Hill Roars Back to Life
After years in the doldrums, exploration activity has stepped up in the most famous of all Australian mining areas, with some interesting discoveries revealed or hinted at. Broken Hill is back!
Read MoreDigging into the Mining Scene
The December quarter bought the usual flood of updates from miners on their exploration, development and production operations – here are a few of the key highlights.
Read MoreIGO – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price decreases to $15.30 from $16.30.
Read MoreIGO Consummates Western Areas Deal
IGO will pay $1.1 billion in cash for nickel miner Western Areas at $A3.36 per share, thereby confirming one of the worst kept secrets in the mining industry this year.
Read MoreIGO Confirms Talks, Mincor Strikes Nickel
IGO has confirmed media reports that takeover talks with nickel miner Western Areas are moving closer towards a decision, while Mincor has struck nickel at its Hartley prospect in Western Australia.
Read MoreLithium Deals Show Aussie-China Ties Not Totally Cut
Despite China having spent the past year or more monstering Australia and Australian companies, the ties between both countries continue, especially in the strategically important areas of lithium mining and processing.
Read MoreHectic Year for IGO Looks to Have Been Worth It
IGO Limited has more than tripled post-tax profit thanks to the sale of its 30% stake in the Tropicana gold mine to Regis Resources, just one deal in an eventful year for the company.
Read MoreThree Nuggets from the Mining Sector
Contrasting fortunes this week for three of the country’s mid-range miners who released quarterly reports – IGO in nickel, as well as gold producers St Barbara and Gold Road.
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