{"id":"grange-savage-river-quarter-production-underground-oct28-2026","canonicalSlug":"grange-savage-river-quarter-production-underground-oct28-2026","url":"https://wellficent.com/en/news/grange-savage-river-quarter-production-underground-oct28-2026","language":"en","title":"Grange reports stronger Savage River output and lower unit cash costs","summary":"The quarterly update also records an October investment decision for the North Pit underground development.","body":["Grange Resources reported on 28 October September-quarter concentrate production of 631,649 tonnes at Savage River in Tasmania, compared with 586,906 tonnes in the June quarter. The company attributed the improvement mainly to higher weight recovery. These are concentrate production figures, distinct from quantities of finished pellets sold.","Pellet sales totalled approximately 733,000 tonnes, compared with 580,000 tonnes in the preceding quarter. The average realised sales price, on an FOB Port Latta basis, increased to US$116.13 per tonne from US$114.32. The figures incorporate the company’s stated freight and final-pricing adjustments, and should be compared using the same pricing basis.","Unit cash operating costs declined to A$144.80 per tonne from A$157.69, supported by higher concentrate output and moderate energy prices. The stated cash-cost measure excludes items including royalties, sustaining capital, depreciation and amortisation. It therefore does not represent the entire economic cost of maintaining and developing the operation.","Cash and liquid investments stood at A$300.41 million at quarter-end. Separately, Grange made a final investment decision on 14 October to develop the North Pit underground project, with development expected to start in the first quarter of 2027. That post-quarter decision is an approved development step, while construction timing and future production remain subject to delivery of the project."],"keyPoints":[],"sections":[],"text":"Grange reports stronger Savage River output and lower unit cash costs\n\nThe quarterly update also records an October investment decision for the North Pit underground development.\n\nGrange Resources reported on 28 October September-quarter concentrate production of 631,649 tonnes at Savage River in Tasmania, compared with 586,906 tonnes in the June quarter. The company attributed the improvement mainly to higher weight recovery. These are concentrate production figures, distinct from quantities of finished pellets sold.\n\nPellet sales totalled approximately 733,000 tonnes, compared with 580,000 tonnes in the preceding quarter. The average realised sales price, on an FOB Port Latta basis, increased to US$116.13 per tonne from US$114.32. The figures incorporate the company’s stated freight and final-pricing adjustments, and should be compared using the same pricing basis.\n\nUnit cash operating costs declined to A$144.80 per tonne from A$157.69, supported by higher concentrate output and moderate energy prices. The stated cash-cost measure excludes items including royalties, sustaining capital, depreciation and amortisation. It therefore does not represent the entire economic cost of maintaining and developing the operation.\n\nCash and liquid investments stood at A$300.41 million at quarter-end. Separately, Grange made a final investment decision on 14 October to develop the North Pit underground project, with development expected to start in the first quarter of 2027. That post-quarter decision is an approved development step, while construction timing and future production remain subject to delivery of the project.","category":"energy","region":"world","topics":["mining","metals"],"eventDate":"2026-10-28","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-28T16:29:35Z","modifiedAt":"2026-10-28T16:29:35Z","publicationBasis":"first-publication","preparedAt":"2026-10-28T16:29:06Z","sourcePublishedAt":"2026-10-28","translatedAt":null,"sources":[{"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03154256-3A705168","name":"Grange Resources","checkedAt":"2026-10-28","publishedAt":"2026-10-28"}],"translations":{"en":"https://wellficent.com/en/news/grange-savage-river-quarter-production-underground-oct28-2026","tr":"https://wellficent.com/tr/news/grange-savage-river-quarter-production-underground-oct28-2026","ar":"https://wellficent.com/ar/news/grange-savage-river-quarter-production-underground-oct28-2026","fr":"https://wellficent.com/fr/news/grange-savage-river-quarter-production-underground-oct28-2026","es":"https://wellficent.com/es/news/grange-savage-river-quarter-production-underground-oct28-2026","ru":"https://wellficent.com/ru/news/grange-savage-river-quarter-production-underground-oct28-2026","pt":"https://wellficent.com/pt/news/grange-savage-river-quarter-production-underground-oct28-2026"},"corrections":[],"locations":[],"type":"news","classification":{"version":"1","dataKinds":["corporate-results"],"geographies":[{"role":"economic-scope","countryCode":"AU","subdivisionCode":null}],"evidenceBasis":["reported-observation","plan"],"measurementPeriod":{"to":"2026-Q3","from":"2026-Q3","precision":"quarter"}}}