IGO's Shareholder Upside Muted Despite Robust Lithium Market, Says Jefferies

-- IGO's (ASX:IGO) structural issues and weak performance at its key Greenbushes asset are limiting shareholder exposure to upside despite a strong lithium market, Jefferies said in a note on Monday.

The company reduced the fiscal 2026 spodumene production guidance from the Greenbushes lithium mine in Western Australia to 1.38 million tonnes to 1.43 million tonnes, reflecting performance year-to-date and CGP3 ramp-up expectations for the June quarter. Jefferies had expected Greenbushes 2026 production of 1.5 million tonnes.

It also lowered capital expenditure outlook for the operation to AU$400 million to AU$450 million from AU$575 million to AU$675 million, compared with Jefferies' projection of AU$565 million.

The company's Kwinana asset remains economically challenged and a large shutdown in April and May is to impact its June quarter output, the investment firm added.

Jefferies reaffirmed a hold rating on IGO and cut its price target to AU$7 from AU$8.

恆力液壓第一季獲利成長6%，營收飆漲33%；股價上漲6%。

根據週二在上海證券交易所發布的公告顯示，江蘇恆力水力（SHA:601100）第一季歸屬於股東的淨利潤年增5.6%，從去年同期的6.177億元人民幣增至6.522億元。該公司股價週二早盤上漲近6%。每股盈餘較去年同期成長6.5%，從0.46元人民幣增至0.49元。營業收入較去年同期成長33%，從去年同期的24.2億元增加至32.1億元。

$SHA:601100

Predictive Discovery公司公佈3月季度黃金產量增加；股價上漲4%。

根據週二提交給澳洲證券交易所的文件，Predictive Discovery（ASX：PDI）報告稱，截至3月31日的三個月內，黃金產量為48,178盎司，較2025年12月季度的11,818盎司增長308%。先前提交的文件顯示，2025年3月季度沒有實質的採礦生產。文件稱，3月季黃金銷量總計41,799盎司，較上一季的11,272盎司成長271%，平均實現價格也上漲13%，從每盎司4,235美元上漲至每盎司4,806美元。文件顯示，全年黃金產量預期在198,000至220,000盎司之間，成本產量預期預計將在6月季度公佈。週二早盤交易中，股價上漲4%。

$ASX:PDI

IGO's Shareholder Upside Muted Despite Robust Lithium Market, Says Jefferies

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恆力液壓第一季獲利成長6%，營收飆漲33%；股價上漲6%。

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Predictive Discovery公司公佈3月季度黃金產量增加；股價上漲4%。