S32

S32

S32 Analysis: September 2025 Quarterly Report

Updated 22 Oct 2025

Event: September 2025 Quarterly Report | Date: 2025-10-21 | Source: South32 News and Media Strong Volumes and Guidance Reaffirmation Despite Mozal Uncertainty South32 released its September 2025 quarterly report on 21 October 2025, highlighting strong operating performance with a 12% increase in payable copper equivalent production at Sierra Gorda and a 33%

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S32

S32: Mining Transformer - Hermosa's Heavy Lift

Updated 22 Oct 2025

South32 trades at 18% premium to $2.62 fair value with challenging risk-reward dynamics. ROIC 8.7% trails WACC 10.95%. High terminal dependency creates valuation uncertainty.

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