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Syrah Resources Production at Mozambique Graphite Operation Reaches 23.500 Tonnes

Syrah Resources (ASX:SYR) delivered total graphite production of 23,500 tonnes for the March quarter from its Balama graphite operation in Mozambique, according to a Wednesday Australian bourse filing.There was no production at Balama due to protests impeding operations in the year-ago quarter, per a separate filing.Natural graphite sales to external customers were 20,000 tonnes for the quarter, and it completed a large volume breakbulk shipment to Indonesia during the quarter.It noted supply chain risks to Balama, particularly for imported consumables such as diesel, created by the conflict in the Middle East. It is engaged with suppliers and is focused on optimizing the use of its solar and battery system at Balama to manage its exposure to any temporary diesel supply risks.

$ASX:SYR

ASX Preview: Australian Shares Set to Fall as United Arab Emirates Quits OPEC; Woodside Energy Group Posts Lower Q1 Revenue, Production

Australian shares are poised to fall on Wednesday after the United Arab Emirates said it would quit Organization of the Petroleum Exporting Countries (OPEC), rattling global oil markets amid an escalating Iran war and raising questions over future supply stability in the energy sector.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 0.9%, and 0.1%, respectively.In the macroeconomy, Australia's consumer price index report is due at 11:30 am Sydney time.In corporate news, Woodside Energy Group (ASX:WDS) reported a decline in operating revenue to $3.26 billion in the March quarter from $3.32 billion a year earlier, while total production also fell year on year to 45.2 million barrels of oil equivalent (MMBoe) from 49.1 MMBoe.Westgold Resources (ASX:WGX) reported group gold production of 93,145 ounces of gold and sold 69,900 ounces of gold in the fiscal third quarter ended March 31.Australia's benchmark index fell 0.6% or 55.7 points to close at 8,710.70 on Tuesday.

$^AXJO$ASX:WDS$ASX:WGX

Research1d ago

Research Alert: Ingersoll: Precision Revenues Help Deliver Q1 Beat

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:IR delivered adjusted EPS of $0.77 (+7% Y/Y), beating Wall Street estimates of $0.74, though organic revenue declined 0.3% despite 8% total revenue growth driven primarily by acquisitions (+3.7%) and favorable FX (+4.2%). Mixed segment performance emerged, with Precision & Science Tech achieving 4% organic sales growth and 120 bps margin expansion to 30.3%, while Industrial Tech faced a 2% organic decline and 210 bps of margin compression to 26.7% due to Iranian conflict headwinds. In our view, orders performance of $1,978M (+5%) was encouraging, with book-to-bill ratios above 1.0x in both segments suggesting potential for broader sales growth participation ahead. Profitability remained under pressure as adjusted EBITDA margin compressed 140 bps to 25.4%, reflecting lower volumes and input cost inflation, with margin pressure most pronounced in IT&S where pricing failed to fully offset higher costs despite operational efficiency initiatives driving positive performance in P&ST.

$IR

Financial News · Live Terminal

Syrah Resources Production at Mozambique Graphite Operation Reaches 23.500 Tonnes

ASX Preview: Australian Shares Set to Fall as United Arab Emirates Quits OPEC; Woodside Energy Group Posts Lower Q1 Revenue, Production

Syrah Resources Production at Mozambique Graphite Operation Reaches 23.500 Tonnes

ASX Preview: Australian Shares Set to Fall as United Arab Emirates Quits OPEC; Woodside Energy Group Posts Lower Q1 Revenue, Production

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