Price, volume & events
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- Last 2026-11-06
- A$4.44
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$19.9B
- EV
- A$19.5B
- Cash
- US$2.1B
- Debt
- US$1.1B
13 newer ASX announcements not yet reflected in this valuation
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Notification of cessation of securities - S32Post Cash Checkpoint Security Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Quarterly Report September 2026Latest Four Activities Reports
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
- Update - Notification of buy-back - S32Post Cash Checkpoint Buyback Event
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Sign in or enter a guest codeAnnouncements
Latest 12 of 10All sources ▸- Update - Notification of buy-back - S32Presentation
- Notification of cessation of securities - S32Corporate Action
- Notification regarding unquoted securities - S32Corporate Action
- Notification regarding unquoted securities - S32Corporate Action
- Notification of cessation of securities - S32Corporate Action
- Business UpdatePresentation
- Hermosa Site VisitPresentation
- Notice of Annual General MeetingTransaction
- 61% Increase in Sierra Gorda Ore ReserveReserve Update
- Hermosa Project UpdatePresentation
Event calendar · next 12 months
5 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 2026-10-13 to 2027-06-30 | Clark integrated test plant target | Construction Or Commissioning | Company Guided | High | Changes construction, liquidity or forward earnings; compare actual milestone with the model. |
| 2026-10-13 to 2026-12-31 | Taylor primary production-level shaft progress | Construction Or Commissioning | Company Guided | High | Changes construction, liquidity or forward earnings; compare actual milestone with the model. |
| 2026-10-15 | Aluminium transaction shareholder meeting | Transaction | Confirmed | High | Vote is a completion condition; approval reduces execution discount but does not create a second disposal value. |
| 2027-01-01 to 2027-06-30 | Alcoa transaction completion target | Transaction | Company Guided | High | Changes construction, liquidity or forward earnings; compare actual milestone with the model. |
| 2027-09-10 | Capital management program scheduled end | Corporate Action | Confirmed | High | Changes construction, liquidity or forward earnings; compare actual milestone with the model. |
Executive roster
As of 2026-10-13Background checks ▸Lead team and named aluminium COO reconciled to annual report physical pp145–147. Company Secretariat is in Kelly O’Rourke’s responsibilities, but reviewed pages do not establish that she personally holds the separate statutory company-secretary appointment.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Matt Daley | Chief Executive Officer and Managing Director | Chief Executive · Executive Director | 2026-07-01 | South32 Annual Report 2026 |
| Sandy Sibenaler | Chief Financial Officer | Finance | — | South32 Annual Report 2026 |
| David Palmer | Chief Technical and Operating Officer – Base Metals | Technical · Operations | 2026-09-01 | South32 Annual Report 2026 |
| Simon Collins | Chief Development and Commercial Officer | Commercial | — | South32 Annual Report 2026 |
| Kelly O’Rourke | Chief Legal, External Affairs and Sustainability Officer | Senior Management | — | South32 Annual Report 2026 |
| Noel Pillay | Chief Operating Officer Aluminium Business Unit | Operations | — | South32 Annual Report 2026 |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Sierra Gorda
CL
Producer45% ownedCopperGoldSilverOthers
Operating; economics remain commodity and cost dependent.
- Production annualised (attributable)
- —
- Production (last FY, 100%)
- 69.2k t
- AISC (latest quarter)
- —
- AISC margin at spot
- NM
- Delivery vs guidance
- —
- Reserve life
- 62.0 yrsd
- Head grade
- 0.42% Cu
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 1.9B t | 0.37% Cu, 0.016% Mo, 0.06g/t Au | Copper · Gold · Silver · Others | 2026-07-31 |
| Ore Reserve | total | 1.1B t | 0.39% Cu, 0.016% Mo, 0.06g/t Au | Copper · Gold · Silver · Others | 2026-07-31 |
Material
Cannington
AU
Producer100% ownedSilverLeadZinc
Operating; economics remain commodity and cost dependent.
- Production annualised (attributable)
- —
- Production (last FY, 100%)
- 8.9m oz
- AISC (latest quarter)
- —
- AISC margin at spot
- NM
- Delivery vs guidance
- —
- Reserve life
- 7.5 yrsd
- Head grade
- 150 g/t Ag
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 71M t | UG44Mt at149g/t Ag; OC27Mt at95g/t Ag | Silver · Lead · Zinc | 2026-06-30 |
| Ore Reserve | total | 11M t | 188g/t Ag,5.11%Pb,2.88%Zn | Silver · Lead · Zinc | 2026-06-30 |
Material
Australia Manganese GEMCO
AU
Producer60% ownedManganese
Operating; economics remain commodity and cost dependent.
- Production annualised (attributable)
- NM
- Production (last FY, 100%)
- NM
- AISC (latest quarter)
- —
- AISC margin at spot
- NM
- Delivery vs guidance
- —
- Reserve life
- 6.0 yrs
- Head grade
- —
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 108.5M t | ROM101Mt43.9%washedMn product with46%yield; sands7.5Mt20.5%Mn | Manganese | 2026-06-30 |
| Ore Reserve | total | 55.7M t | ROM52Mt41.7%washedMn product51%yield; sands3.7Mt40%product22%yield | Manganese | 2026-06-30 |
Material
South Africa Manganese operating interests
ZA
Producer54.6% ownedManganese
54.6% effective operating interest while vendor-financed minority loans are repaid; 44.4% underlying mineral ownership. The forecast separately tests the timing of the earnings-interest reversion.
- Production annualised (attributable)
- NM
- Production (last FY, 100%)
- NM
- AISC (latest quarter)
- —
- AISC margin at spot
- NM
- Delivery vs guidance
- —
- Reserve life
- 34.0 yrs
- Head grade
- —
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 182.7M t | Wessels129Mt~40%Mn; Mamatwan53.7Mt29.5-36.6%Mn, physical ownership44.4% | Manganese | 2026-06-30 |
| Ore Reserve | total | 71.4M t | Wessels41.4Mt41.5-43.9%Mn; Mamatwan30Mt36%Mn, physical ownership44.4% | Manganese | 2026-06-30 |
Core asset
Hermosa Taylor
US
Construction100% ownedZincLeadSilver
Construction; H2 FY28 first production and FY31 nameplate capacity are issuer targets, subject to shaft, surface infrastructure and ramp delivery.
- Study
- Updated feasibility
- Post-tax NPV (study prices, attributable)
- US$3.1bd
- NPV restated at our deck (attributable)
- Locked
- IRR
- 19%
- Initial capex (100%)
- US$3.3b
- Capital intensity
- US$29,730/(t Zn/yr)d
- LoM AISC
- —
- Mine life
- 33.0 yrs
Published study economicsIssuer or study metrics
NPVUS$3.1B7% discount
IRR19%Published return
Initial capexUS$3.3BPublished capital estimate
Operating cost100USD/t ore
Post tax real NPV at1July2026 already deducts remaining capex and life obligations; no duplicate construction deduction.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 169M t | 3.51%Zn,3.88%Pb,76g/tAg | Zinc · Lead · Silver | 2026-06-30 |
| Ore Reserve | total | 99M t | 3.95%Zn,4.50%Pb,77g/tAg | Zinc · Lead · Silver | 2026-06-30 |
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| NEPA Final Record of Decision | United States | Granted | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Hermosa Project Update | Updated Feasibility | Current | 2026-04-30 | 33 year production target; 76% reserve tonnes, 4% measured/indicated,20% inferred/target. 3.3bnUSD construction capital and H2FY28 first production, 7% real post-tax NPV3.1bnUSD at1July. |
Other
Hermosa Clark
US
Resource Stage100% ownedManganeseZincSilver
Resource-stage option; no current operating cash generation or approved full development plan assumed.
- Contained metal (attributable)
- 5.0m td
- Resource grade
- 9.1%
- % Measured + Indicated
- —
- Resource tonnes
- 55.00 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- Underground
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 55M t | 2.11%Zn,9.07%Mn,78g/tAg | Manganese · Zinc · Silver | 2026-06-30 |
Other
Hermosa Peake
US
Resource Stage100% ownedCopperZincLeadSilver
Resource-stage option; no current operating cash generation or approved full development plan assumed.
- Contained metal (attributable)
- 287.1k td
- Resource grade
- 0.9%
- % Measured + Indicated
- —
- Resource tonnes
- 33.00 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- Underground
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 33M t | 0.87%Cu,0.28%Zn,0.32%Pb,36g/tAg, all inferred | Copper · Zinc · Lead · Silver | 2026-06-30 |
Other
Ambler Metals Arctic and Bornite
US
Resource Stage50% ownedCopperZincLeadSilverGold
Resource-stage option; no current operating cash generation or approved full development plan assumed.
- Contained metal (attributable)
- 1.8m td
- Resource grade
- 1.9%
- % Measured + Indicated
- —
- Resource tonnes
- 191.00 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- Open pit and underground options
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 191M t | Arctic43Mt2.93%Cu; BorniteOC78Mt1.04%Cu andUG70Mt2.29%Cu | Copper · Zinc · Lead · Silver · Gold | 2026-06-30 |
Other
Mozal Aluminium
MZ
Care And Maintenance63.7% ownedOthers
Care and maintenance since March 2026; restart requires affordable power and new commitments.
- Nameplate capacity
- —
- Restart capex
- —
- Contained metal (attributable)
- —
- Last production year
- 2,026 year
- Target restart
- —
Core asset
Aluminium conditional sale or retention event
AU · BR · ZA
Producer100% ownedBauxiteOthers
Conditional sale of already-owned stakes: Worsley86%, Brazil Alumina36% and MRN33%, Brazil Aluminium40%, Hillside100%. Mozal excluded. Pool ownership is 100% of South32’s sale interests, not 100% of underlying operations.
- Ownership
- 100%d
- Description
- Aluminium value chain disposal pool
- Book value
- —
Other
Non-operating financial holdings
AU · US · CA
Resource Stage100% ownedOthers
Listed/private equity investments and legacy contingent receivables; marked assets, separate from mine cash flows.
- Ownership
- 100%d
- Description
- Non-operating financial holdings
- Book value
- —
Other
Exploration royalty and earn-in options
AU · US
Early Explorer100% ownedCopperZincSilverOthers
Early-stage portfolio interests; aggregate disclosure lacks project-level attributable earnings needed to price separately.
- Ownership
- 100%d
- Description
- Exploration royalty and earn-in options
- Book value
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Product and spec
- Alumina
- Nameplate capacity
- —
- Throughput (12M)
- 1.4m t product
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
- Product and spec
- Primary aluminium
- Nameplate capacity
- —
- Throughput (12M)
- 144.0k t product
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
- Product and spec
- Primary aluminium
- Nameplate capacity
- —
- Throughput (12M)
- 717.0k t product
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
- Production annualised (attributable)
- NM
- Production (last FY, 100%)
- NM
- AISC (latest quarter)
- —
- AISC margin at spot
- NM
- Delivery vs guidance
- —
- Reserve life
- —
- Head grade
- —
- Product and spec
- Smelter-grade alumina
- Nameplate capacity
- —
- Throughput (12M)
- 3.7m t product
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Reported unrestricted June cash US$2.129bn and US$1.4bn undrawn revolver. The valuation separately estimates 13 October cash at US$1.872bn after elapsed retained operations, construction, leases and buybacks. Conditional sale receipts are future cash; declared dividend US$242m remains payable on 15 October.
Inventory composition1
US$812m current plus US$32m non-current operating materials, work in progress and finished product. Inventory supports existing revenue and is not a separate equity add-on; the transaction pro forma removes US$743m of sold-business inventory.
- Operating raw materials, WIP and finished product
- US$844M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 4.5B
- Fully diluted
- 4.5B
Ordinary 4,486,485,738 minus actual September cancellation 3,173,740 = 4,483,311,998. Annual awards 45,244,653 + 580 new rights - 6,129,245 transferred existing shares - 4,208,757 lapsed = 34,907,231. Fully diluted 4,518,219,229. This preserves 744,349 awards above the ASX registration opening count of 44,500,304; that unresolved registration/timing difference is not assumed away. Existing-share transfers do not increase ordinary shares. Later purchased but uncancelled shares are not deducted again.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid shares after actual September cancellation | Ordinary Share | 4.5B | — | — |
| Conservative remaining share awards, starting with the larger annual-report total and applying actual disclosed issue, vesting and lapse movements; all assumed to vest. | Performance Right | 34.9M | A$0 | — |
KPI history
Operating metrics
Operating metric source table8
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Payable copper | Sierra Gorda | FY25 | Year | 71,400 t Cu | Reported |
| Payable copper | Sierra Gorda | FY26 | Year | 69,200 t Cu | Reported |
| Payable silver | Cannington | FY25 | Year | 10,292,000 oz Ag | Reported |
| Payable silver | Cannington | FY26 | Year | 8,906,000 oz Ag | Reported |
| Saleable manganese ore | Gemco | FY25 | Year | 1,106,000 wet t ore | Reported |
| Saleable manganese ore | Gemco | FY26 | Year | 3,031,000 wet t ore | Reported |
| Saleable manganese ore | Sa Manganese | FY25 | Year | 2,151,000 wet t ore | Reported |
| Saleable manganese ore | Sa Manganese | FY26 | Year | 2,085,000 wet t ore | Reported |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Payable Copper Attributable | sierra-gorda | FY27 | 79,000 | 79,000 t Cu | Current |
| Payable Silver Attributable | cannington | FY27 | 8,725,000 | 8,725,000 oz Ag | Current |
| Saleable Wet Manganese Ore Attributable | gemco | FY27 | 2,650,000 | 2,900,000 wet t ore | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-10-13 | Buyback | US$209M | — | — | Ongoing | — |
| 2026-10-15Ann. 2026-08-27 | Dividend | US$242M | — | — | Announced | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Material disposal, venture ownership, financing, conditional Trilogy disposal/call, legacy earnouts and indexed sales reviewed. Unpublished individual royalty/earn-in and customer schedules remain a coverage limit; none is treated as a perpetual fixed-price hedge.
Conditional locked-box disposal: US$3.1bn cash with adjustments and 5% annual equity return from the transaction meeting, 17,008,960 fixed Alcoa shares/CDIs, plus price-linked earnout capped at US$750m through June 2030. Conditional completion uses locked-box economics with no duplicate earnings. Failure instead retains source-backed operating value and all claims, with no sale receipts/releases;85%closing is an analyst assumption and both whole-company common payoffs precede weighting in the single event project.
Other · Conditional- Counterparties
- Alcoa Corporation
- Applies to
- Aluminium conditional sale or retention event · Bauxite · Others
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Cash purchase price: 3,100,000,000 USD
Fixed Alcoa ordinary shares: 17,008,960 shares
Contingent cap: 750,000,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
45% mine economics. Aggregate mine cash-flow value includes the economic benefit of the South32 shareholder loan and equity; the US$1.780bn loan asset is not added again. External venture borrowing and cash are reconciled separately.
Joint Venture · Active- Counterparties
- KGHM Polska Miedź
- Applies to
- Sierra Gorda · Copper · Gold · Silver · Others
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Economic ownership: 45 %
Loan interest: 8 %
How it affects our valuation
No valuation treatment is available for this arrangement.
GEMCO60% operating share; South Africa54.6% operating economic share but physical mineral resource44.4%; Samancor subsidiary legal holdings distinguish both.
Joint Venture · Active- Counterparties
- Anglo American · Local empowerment shareholders
- Applies to
- Australia Manganese GEMCO · South Africa Manganese operating interests · Manganese
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Australia operating share: 60 %
South Africa operating share: 54.6 %
SA mineral ownership: 44.4 %
How it affects our valuation
No valuation treatment is available for this arrangement.
50% Ambler Metals JV;42mUSD gross2026 work program21mSouth32share; unbuilt road/permitting and capital requirements dominate.
Joint Venture · Active- Counterparties
- Trilogy Metals
- Applies to
- Ambler Metals Arctic and Bornite · Copper · Zinc · Lead · Silver · Gold
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Ownership: 50 %
CY26 work program: 42,000,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
Legacy coal sale contingent receivable147mUSD materially commodity dependent; remaining5mother receivable. Not related to new Alcoa earnout.
Other · Active- Counterparties
- Not separately specified
- Applies to
- Non-operating financial holdings · Others
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Coal contingent fair value: 147,000,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
Physical sales predominantly indexed; provisional pricing and shipment mix can change realised receipts. No disclosed long dated fixed-price commodity hedge at cutoff.
Offtake · Active- Counterparties
- Not separately specified
- Applies to
- Sierra Gorda · Cannington · Australia Manganese GEMCO · South Africa Manganese operating interests · Copper · Silver · Zinc · Lead · Manganese
- Economic direction
- Mixed
- Period
- Dates not stated
How it affects our valuation
No valuation treatment is available for this arrangement.
Greenfield earn-in and royalty options include Selena; portfolio-level terms cannot support individual numeric cash-flow values.
Earn In · Active- Counterparties
- Ridgeline Minerals · Other exploration partners
- Applies to
- Exploration royalty and earn-in options · Copper · Zinc · Silver · Others
- Economic direction
- Mixed
- Period
- Dates not stated
How it affects our valuation
No valuation treatment is available for this arrangement.
At-call cash-management amount owed to EAIs US$379m, own economic share of pool asset estimated at 60%; Sierra Gorda external facility gross US$400m and cash US$129m. Venture financial claims and residual own loans are reconciled to avoid a second shareholder-loan add-on.
Other · Active- Counterparties
- Equity-accounted ventures and lenders
- Applies to
- Company-wide · Others
- Economic direction
- Mixed
- Period
- Dates not stated
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
South32 reports extensive relevant mining and finance experience. Its board identified the Worsley fatality and Hermosa capital/schedule revisions in FY2026 incentive decisions; this limited screen does not establish personal culpability.
Decision-relevant facts
Material summary
Matt Daley
Chief Executive Officer and Managing Director
GovernanceIssuer Reported · High materiality
Board assessment after fatality and Hermosa cost change
The board applied a negative FY2026 short-term incentive business modifier of 20% to Matt Daley, considering the March 2026 Worsley fatality and changes to Hermosa Taylor timelines and growth capital. It said the different modifiers reflected relative executive accountability. This board assessment does not establish personal causation of the death.
Role overlaps event; causation unproven · The board directly described its incentive decision and accountability assessment, not personal culpability.
FY2026 annual report · Printed p.163, FY2026 business modifier; visually checked
SafetyDocumented · High materiality
Two Anglo American fatalities during technical leadership
Anglo American reported that in February 2025 a contractor died after a fall at Minas-Rio and in April 2025 a worker died at Unki. Anglo reported investigations and mitigation actions. Daley was its technical and operations director until 12 May 2025, a role covering safety and operational disciplines; no source establishes personal fault.
Role overlaps event; causation unproven · His group technical role overlapped these fatalities; individual responsibility has not been established.
Anglo American annual report 2025 · Group safety performance and leadership changes
Technical director transition · 12 May 2025 transition announcement
Evidence gaps · 4
- Independent verification of education, qualifications and any current professional registration remains incomplete.
- Full person-specific searches of each employer, court, regulator, sanctions, safety and environmental records are incomplete; no clearance is implied.
- Exact past role dates, individual contribution and responsibility are not fully established.
- The final WorkSafe and coronial outcome for the March 2026 Worsley fatality was not established.
Sandy Sibenaler
Chief Financial Officer
GovernanceIssuer Reported · High materiality
Board assessment after fatality and Hermosa cost change
The board applied a negative FY2026 short-term incentive business modifier of 10% to Sandy Sibenaler, considering the March 2026 Worsley fatality and changes to Hermosa Taylor timelines and growth capital. It said the different modifiers reflected relative executive accountability. This board assessment does not establish personal causation of the death.
Role overlaps event; causation unproven · The board directly described its incentive decision and accountability assessment, not personal culpability.
FY2026 annual report · Printed p.163, FY2026 business modifier; visually checked
SafetyIssuer Reported · High materiality
Cerro Matoso fatality and FY2025 incentive decision
In September 2024 contractor José Luis Pérez died at Cerro Matoso after a floor grate failed. South32 reported an investigation and site inspections. Its board applied a negative FY2025 short-term incentive modifier of 5% to Sandy Sibenaler in recognition of the fatality. The board decision does not establish individual fault.
Role overlaps event; causation unproven · The board directly disclosed the modifier; individual causation is not established.
FY2025 annual report · Printed pp.30, 147–148 (physical PDF pp.32, 149–150), safety account and FY2025 business modifier; visually checked
Evidence gaps · 4
- Independent verification of education, qualifications and any current professional registration remains incomplete.
- Full person-specific searches of each employer, court, regulator, sanctions, safety and environmental records are incomplete; no clearance is implied.
- Exact past role dates, individual contribution and responsibility are not fully established.
- The final WorkSafe and coronial outcome for the March 2026 Worsley fatality was not established.
David Palmer
Chief Technical and Operating Officer – Base Metals
FailureIssuer Reported · Medium materiality
Cannington quarter operating setback
South32 reported payable zinc-equivalent production at Cannington fell 27% from the June to September 2026 quarter as paste-backfill availability delayed access to planned stopes. It retained FY2027 production guidance. Palmer took on the base metals operations remit on 1 September 2026; the company report does not attribute the shortfall to him.
Role overlaps event; causation unproven · Operations remit began during the quarter; no individual cause has been established.
Quarterly report September 2026 · Cannington operating performance
FY2026 annual report · Printed p.143-144, appointment
Evidence gaps · 3
- Independent verification of education, qualifications and any current professional registration remains incomplete.
- Full person-specific searches of each employer, court, regulator, sanctions, safety and environmental records are incomplete; no clearance is implied.
- Exact past role dates, individual contribution and responsibility are not fully established.
Simon Collins
Chief Development and Commercial Officer
FailureIssuer Reported · Medium materiality
Taylor project capital revision
On 30 April 2026 South32 increased expected Taylor growth capital expenditure by about US$1.1bn to US$3.3bn and revised shaft schedule, citing changed scope, construction costs, inflation, tariffs and contractor performance. Collins was chief development officer; the source does not establish his individual role in these cost or schedule changes.
Role overlaps event; causation unproven · Development leadership overlapped the revision; personal causation has not been established.
Hermosa project update · Pages 1–2, cost and schedule update
FY2026 annual report · Printed p.145, Collins role
Evidence gaps · 3
- Independent verification of education, qualifications and any current professional registration remains incomplete.
- Full person-specific searches of each employer, court, regulator, sanctions, safety and environmental records are incomplete; no clearance is implied.
- Exact past role dates, individual contribution and responsibility are not fully established.
Kelly O’Rourke
Chief Legal, External Affairs and Sustainability Officer
EnvironmentIssuer Reported · Medium materiality
Worsley community complaints
South32 reported that community complaints across the group rose from 93 in FY2025 to 192 in FY2026, chiefly related to Worsley dust and noise and increased operational activity, weather and awareness. It reported 92% were resolved. O’Rourke’s remit includes social performance and sustainability; these company-wide figures do not establish her individual responsibility.
Role overlaps event; causation unproven · Leadership remit overlaps social performance; complaint causation and response are not personally attributed.
FY2026 annual report · Printed p.65, community relationships and complaints
FY2026 annual report · Printed p.145, executive responsibilities
Evidence gaps · 3
- Independent verification of education, qualifications and any current professional registration remains incomplete.
- Full person-specific searches of each employer, court, regulator, sanctions, safety and environmental records are incomplete; no clearance is implied.
- Exact past role dates, individual contribution and responsibility are not fully established.
Noel Pillay
Chief Operating Officer, Aluminium Business Unit
GovernanceIssuer Reported · High materiality
Board assessment after fatality and Hermosa cost change
The board applied a negative FY2026 short-term incentive business modifier of 10% to Noel Pillay, considering the March 2026 Worsley fatality and changes to Hermosa Taylor timelines and growth capital. It said the different modifiers reflected relative executive accountability. This board assessment does not establish personal causation of the death.
Role overlaps event; causation unproven · The board directly described its incentive decision and accountability assessment, not personal culpability.
FY2026 annual report · Printed p.163, FY2026 business modifier; visually checked
SafetyIssuer Reported · High materiality
Cerro Matoso fatality and FY2025 incentive decision
In September 2024 contractor José Luis Pérez died at Cerro Matoso after a floor grate failed. South32 reported an investigation and site inspections. Its board applied a negative FY2025 short-term incentive modifier of 10% to Noel Pillay in recognition of the fatality. The board decision does not establish individual fault.
Role overlaps event; causation unproven · The board directly disclosed the modifier; individual causation is not established.
FY2025 annual report · Printed pp.30, 147–148 (physical PDF pp.32, 149–150), safety account and FY2025 business modifier; visually checked
Evidence gaps · 4
- Independent verification of education, qualifications and any current professional registration remains incomplete.
- Full person-specific searches of each employer, court, regulator, sanctions, safety and environmental records are incomplete; no clearance is implied.
- Exact past role dates, individual contribution and responsibility are not fully established.
- The final WorkSafe and coronial outcome for the March 2026 Worsley fatality was not established.
Claire Tolcon
Head of Legal, Company Secretariat and Business Integrity; Company Secretary
GovernanceDocumented · Medium materiality
Company-secretary appointment
South32 announced Tolcon’s appointment as an additional company secretary effective 30 October 2020; its FY2026 annual report identifies her as company secretary and head of legal, company secretariat and business integrity. This resolves the incomplete statutory-secretary detail in the V8 roster.
Individual involvement documented · The issuer directly names her in the appointment and report.
Change of company secretary · Appointment notice, p.1
FY2026 annual report · Printed p.135, company secretary
Evidence gaps · 4
- Independent verification of education, qualifications and any current professional registration remains incomplete.
- Full person-specific searches of each employer, court, regulator, sanctions, safety and environmental records are incomplete; no clearance is implied.
- Exact past role dates, individual contribution and responsibility are not fully established.
- Earlier law firm and ASX-listed employer names and dates were not established.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-07-31 · 4,486,485,738 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 28.19% | 1,264,738,417 | |
| 2 | 20.75% | 931,040,550 | |
| 3 | 11.73% | 526,373,415 | |
| 4 | 7.12% | 319,279,592 | |
| 5 | 3.01% | 135,040,945 | |
| 6 | 1.91% | 85,782,930 | |
| 7 | 1.62% | 72,527,302 | |
| 8 | 1.19% | 53,247,044 | |
| 9 | 0.73% | 32,836,000 | |
| 10 | 0.65% | 29,095,496 | |
| 11 | 0.33% | 14,728,387 | |
| 12 | 0.29% | 12,845,571 | |
| 13 | 0.22% | 9,865,202 | |
| 14 | 0.20% | 8,890,688 | |
| 15 | 0.18% | 7,915,153 | |
| 16 | 0.11% | 4,934,747 | |
| 17 | 0.11% | 4,863,155 | |
| 18 | 0.11% | 4,771,964 | |
| 19 | 0.10% | 4,646,267 | |
| 20 | 0.10% | 4,595,008 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 8.26%Voting power | 2026-10-07 | |
| 7.21%Voting power | 2026-09-21 | |
| 6.10%Voting power | 2024-01-24 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- Register issued shares and accounts are dated 31 July 2026; subsequent buybacks or transactions may change both.
- BlackRock is identified in the annual report as last advising 318,403,413 ordinary shares and 6.84% in a notice received 8 December 2021. The original notice and actual measurement date were not located; this historical position is not entered as a current dated group.
- The annual report additionally states that 230 BlackRock ADS represent an additional 0.11%; this appears arithmetically inconsistent with five ordinary shares per ADS and remains unresolved.
- Vanguard disclosure is from January 2024; manager holdings, reporting entities and voting power can change without a new notice.
- Macquarie ceased being substantial on 10 February 2026, which does not mean its holding was zero.
- Nominee and control accounts may comprise multiple beneficial owners and may overlap reported groups.
Sources
- 2026 Annual Report
South32 Limited · Published 2026-08-27 · Accessed 2026-10-31
Lists issued capital, complete top 20 register and last-notified substantial holders.
downloads/S32/2026/2026-08-27_2026 Annual Report_fb1962e4b9c36b1c.pdf, PDF pages 254–255
- Change in substantial holding — AustralianSuper
AustralianSuper Pty Ltd via ASX · Published 2026-10-09 · Accessed 2026-10-31
Form 604 reports relevant interest on 7 October 2026.
downloads/S32/2026/2026-10-09_Change in substantial holding_5e723988a7a96f88.pdf, page 1
- Change in substantial holding — State Street
State Street Corporation via ASX · Published 2026-09-23 · Accessed 2026-10-31
Form 604 reports relevant interest on 21 September 2026.
downloads/S32/2026/2026-09-23_Change in substantial holding_c25f698216a210b7.pdf, page 1
- Change in substantial holding — Vanguard
The Vanguard Group via ASX · Published 2024-01-31 · Accessed 2026-10-31
Form 604 reports relevant interest on 24 January 2024.
downloads/S32/2024/2024-01-31_Change in substantial holding_fefb3e5eb85f7536.pdf, page 1
Disclosed activity
Insider transactions
Trading activity8 buys · 3 sells shownNet cash last 12 months A$564.1kShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-10-22 | Stephen PearceMacquarie Equities Limited on behalf of Stephen Thomas Pearce
Details & evidence for Stephen Pearce on 2026-10-22As disclosed: On-market purchase
director · Start not disclosed Macquarie Equities Limited on behalf of Stephen Thomas Pearce · Nominee holds shares on director's behalf. Appendix 3Y - Stephen Pearce ↗ Appendix 3Y - Stephen Pearce ↗ | PurchaseOrdinary fully paid shares | 70,000 | AUD 303,375.00 | — | 210,000 |
| 2026-09-10 | Jane NelsonMerrill Lynch (Australia) Nominees Pty Limited on behalf of Jane Nelson
Details & evidence for Jane Nelson on 2026-09-10Two account legs of one internal transfer; beneficial ownership unchanged. As disclosed: Off-market transfer; no change in beneficial ownership
director · Start not disclosed Merrill Lynch (Australia) Nominees Pty Limited on behalf of Jane Nelson · Nominee held shares on director's behalf before transfer. Appendix 3Y - Jane Nelson ↗ Appendix 3Y - Jane Nelson ↗ | Transfer OutOrdinary fully paid shares | 10,000 | —Non Cash | — | 0 |
| 2026-09-10 | Jane NelsonJane Nelson
Details & evidence for Jane Nelson on 2026-09-10Two account legs of one internal transfer; beneficial ownership unchanged. As disclosed: Off-market transfer; no change in beneficial ownership
director · Start not disclosed Merrill Lynch (Australia) Nominees Pty Limited on behalf of Jane Nelson · Nominee held shares on director's behalf before transfer. Appendix 3Y - Jane Nelson ↗ Appendix 3Y - Jane Nelson ↗ | Transfer InOrdinary fully paid shares | 10,000 | —Non Cash | — | 50,000 |
| 2026-09-01 | Jane NelsonMerrill Lynch (Australia) Nominees Pty Limited on behalf of Jane Nelson
Details & evidence for Jane Nelson on 2026-09-01As disclosed: On-market purchase
director · Start not disclosed Merrill Lynch (Australia) Nominees Pty Limited on behalf of Jane Nelson · Nominee held shares on director's behalf before transfer. Appendix 3Y - Jane Nelson ↗ Appendix 3Y - Jane Nelson ↗ | PurchaseOrdinary fully paid shares | 10,000 | AUD 51,800.00 | — | 10,000 |
| 2026-08-31 | Mandlesilo Lambase Bavumile MsimangMandlesilo Lambase Bavumile Msimang
Details & evidence for Mandlesilo Lambase Bavumile Msimang on 2026-08-31As disclosed: On-market purchase
director · Start not disclosed Appendix 3Y - Mandla Msimang ↗ Appendix 3Y - Mandla Msimang ↗ | PurchaseOrdinary fully paid shares | 11,400 | ZAR 694,347.38 | — | 11,400 |
| 2026-08-28 | Stephen PearceMacquarie Equities Limited on behalf of Stephen Thomas Pearce
Details & evidence for Stephen Pearce on 2026-08-28As disclosed: On-market purchase of 40,000 South32 Limited ordinary fully paid shares on the Australian Securities Exchange
director · Start not disclosed Macquarie Equities Limited on behalf of Stephen Thomas Pearce · Nominee holds shares on director's behalf. Appendix 3Y - Stephen Pearce ↗ Appendix 3Y - Stephen Pearce ↗ | PurchaseOrdinary fully paid shares | 40,000 | AUD 208,899.99 | — | 140,000 |
| 2026-08-28 | Matthew DaleyCiticorp Nominees Pty Limited for South32 Employee Share Plan
Details & evidence for Matthew Daley on 2026-08-28Sale to cover tax liabilities. As disclosed: On-market sale
director · Start not disclosed Citicorp Nominees Pty Limited for South32 Employee Share Plan · Employee share plan shares registered to Citicorp nominee. Appendix 3Y - Matt Daley ↗ Appendix 3Y - Matt Daley ↗ | SaleOrdinary fully paid shares | 113,924 | — | AUD 5.140859Disclosed price | 171,790 |
| 2026-08-04to 2026-08-05 | Wayne OsbornWayne Osborn
Details & evidence for Wayne Osborn on 2026-08-04Paired account legs of one internal transfer; beneficial ownership unchanged. As disclosed: Off market transfer from direct holdings to indirect holdings controlled by the director. No change in beneficial ownership.
director · Start not disclosed Invia Custodian Pty Limited <Mr Wayne Geoffrey Osborn> · Indirect holding registered to Invia Custodian Pty Limited <Mr Wayne Geoffrey Osborn> for Wayne Osborn. Appendix 3Y - Wayne Osborn ↗ Appendix 3Y - Wayne Osborn ↗ | Transfer OutOrdinary fully paid shares in South32 Limited | 1,720 | —Non Cash | — | 0 |
| 2026-08-04to 2026-08-05 | Wayne OsbornInvia Custodian Pty Limited <Mr Wayne Geoffrey Osborn>
Details & evidence for Wayne Osborn on 2026-08-04Paired account legs of one internal transfer; beneficial ownership unchanged. As disclosed: Off market transfer from direct holdings to indirect holdings controlled by the director. No change in beneficial ownership.
director · Start not disclosed Invia Custodian Pty Limited <Mr Wayne Geoffrey Osborn> · Indirect holding registered to Invia Custodian Pty Limited <Mr Wayne Geoffrey Osborn> for Wayne Osborn. Appendix 3Y - Wayne Osborn ↗ Appendix 3Y - Wayne Osborn ↗ | Transfer InOrdinary fully paid shares in South32 Limited | 1,720 | —Non Cash | — | 1,720 |
| 2025-12-03 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2025-12-03As disclosed: 1,512,027 performance rights held as long term incentive awards under the South32 Equity Incentive Plan
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - G Kerr ↗ Appendix 3Y - G Kerr ↗ Appendix 3Y - G Kerr ↗ | GrantPerformance rights under the South32 Equity Incentive Plan | 1,512,027 | —Non Cash | — | 4,622,299 |
| 2025-12-03 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2025-12-03As disclosed: 366,541 deferred rights held as short term incentive awards under the South32 Equity Incentive Plan
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - G Kerr ↗ Appendix 3Y - G Kerr ↗ Appendix 3Y - G Kerr ↗ | GrantDeferred rights under the South32 Equity Incentive Plan | 366,541 | —Non Cash | — | 714,727 |
| 2025-09-12 | Stephen PearceStephen Pearce
Details & evidence for Stephen Pearce on 2025-09-12As disclosed: On-market purchase of 100,000 South32 Limited ordinary fully paid shares on the Australian Securities Exchange
director · Start not disclosed Macquarie Equities Limited on behalf of Stephen Thomas Pearce · Nominee holds shares on director's behalf. Appendix 3Y Change of Director's Interest Notice - S Pearce ↗ Appendix 3Y Change of Director's Interest Notice - S Pearce ↗ | PurchaseOrdinary fully paid shares | 100,000 | AUD 260,950.00 | — | 100,000 |
| 2025-09-02 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2025-09-02Paired account legs of one off-market transfer; beneficial interest remains with Kerr. As disclosed: Off-market transfer of interest from Graham Kerr to GK71 Pty Ltd <GK71 A/C>
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest - Graham Kerr ↗ Appendix 3Y Change of Director's Interest - Graham Kerr ↗ | Transfer OutOrdinary fully paid shares | 224,506 | —Non Cash | — | 414 |
| 2025-09-02 | Graham KerrGK71 Pty Ltd <GK71 A/C>
Details & evidence for Graham Kerr on 2025-09-02Paired account legs of one off-market transfer; beneficial interest remains with Kerr. As disclosed: Off-market transfer of interest from Graham Kerr to GK71 Pty Ltd <GK71 A/C>
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest - Graham Kerr ↗ Appendix 3Y Change of Director's Interest - Graham Kerr ↗ | Transfer InOrdinary fully paid shares | 224,506 | —Non Cash | — | 3,305,194 |
| 2025-09-01 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2025-09-01Sale to cover tax liabilities. As disclosed: Disposal of 199,092 ordinary shares at an average of $2.68 per share to cover tax liabilities
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest - Graham Kerr ↗ Appendix 3Y Change of Director's Interest - Graham Kerr ↗ Appendix 3Y Change of Director's Interest - Graham Kerr ↗ | SaleOrdinary fully paid shares | 199,092 | — | AUD 2.68Disclosed price | — |
| 2025-08-29 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2025-08-29As disclosed: 423,598 ordinary shares following vesting of 423,598 deferred rights held as short and long term incentive awards
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest - Graham Kerr ↗ Appendix 3Y Change of Director's Interest - Graham Kerr ↗ | VestingOrdinary fully paid shares | 423,598 | —Non Cash | — | — |
| 2025-05-22 | Jane NelsonJane Nelson
Details & evidence for Jane Nelson on 2025-05-22As disclosed: On-market purchase of 40,000 South32 Limited ordinary fully paid shares on the Australian Securities Exchange
director · Start not disclosed Merrill Lynch (Australia) Nominees Pty Limited on behalf of Jane Nelson · Nominee held shares on director's behalf before transfer. Appendix 3Y - Jane Nelson ↗ Appendix 3Y - Jane Nelson ↗ | PurchaseOrdinary fully paid shares | 40,000 | AUD 121,260.61 | — | 40,000 |
| 2025-02-14 | Stephen PearceCufflink Super Pty Ltd ATF S & C Pearce Superannuation Fund
Details & evidence for Stephen Pearce on 2025-02-14As disclosed: On-market purchase of 30,000 South32 Limited ordinary fully paid shares on the Australian Securities Exchange
director · Start not disclosed Macquarie Equities Limited on behalf of Stephen Thomas Pearce · Nominee holds shares on director's behalf. Appendix 3Y - Stephen Pearce ↗ Appendix 3Y - Stephen Pearce ↗ | PurchaseOrdinary fully paid shares | 30,000 | AUD 108,000.00 | — | 30,000 |
| 2024-12-03 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2024-12-03As disclosed: 1,128,065 performance rights held as long term incentive awards under the South32 Equity Incentive Plan
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | GrantPerformance rights under the South32 Equity Incentive Plan | 1,128,065 | —Non Cash | — | 4,377,287 |
| 2024-12-03 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2024-12-03As disclosed: 348,186 deferred rights held as short term incentive awards under the South32 Equity Incentive Plan
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | GrantDeferred rights under the South32 Equity Incentive Plan | 348,186 | —Non Cash | — | 581,732 |
| 2024-09-05 | Sharon Lee WarburtonS&C Warburton Pty Ltd as trustee of the S & C Warburton SF A/C
Details & evidence for Sharon Lee Warburton on 2024-09-05As disclosed: On-market purchase of South32 Limited ordinary shares on the Australian Securities Exchange; AUD 3.02 per share
director · Start not disclosed S&C Warburton Pty Ltd as trustee of the S & C Warburton SF A/C · Indirect South32 shareholding through S&C Warburton Pty Ltd as trustee of the S & C Warburton SF A/C. Appendix 3Y - Sharon Warburton ↗ Appendix 3Y - Sharon Warburton ↗ | PurchaseOrdinary fully paid shares | 25,000 | AUD 75,500.00 | AUD 3.02Disclosed price | 67,870 |
| 2024-09-03 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2024-09-03Paired with the transfer-in record for the same account movement; it is not a sale. As disclosed: Off-market transfer of 3,080,688 South32 Limited ordinary fully paid shares to GK71 Pty Ltd <GK71 A/C>
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - Graham Kerr ↗ Appendix 3Y - Graham Kerr ↗ | Transfer OutOrdinary fully paid shares | 3,080,688 | —Non Cash | — | — |
| 2024-09-03 | Graham KerrGK71 Pty Ltd <GK71 A/C>
Details & evidence for Graham Kerr on 2024-09-03Paired with the transfer-out record for the same account movement; no new beneficial acquisition is implied. As disclosed: Off-market transfer of 3,080,688 South32 Limited ordinary fully paid shares to GK71 Pty Ltd <GK71 A/C>
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - Graham Kerr ↗ Appendix 3Y - Graham Kerr ↗ | Transfer InOrdinary fully paid shares | 3,080,688 | —Non Cash | — | — |
| 2024-09-03 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2024-09-03Transferee not identified in the notice. As disclosed: Non-cash disposal of 141,645 ordinary shares on 3 September 2024 as part of a divorce settlement
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - Graham Kerr ↗ Appendix 3Y - Graham Kerr ↗ | Transfer OutOrdinary fully paid shares | 141,645 | —Non Cash | — | — |
| 2024-08-30to 2024-09-03 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2024-08-30As disclosed: 1,797,030 performance rights lapsed
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - Graham Kerr ↗ Appendix 3Y - Graham Kerr ↗ | ExpiryPerformance rights under the South32 Equity Incentive Plan | 1,797,030 | —Non Cash | — | — |
| 2024-08-30 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2024-08-30As disclosed: 1,181,803 ordinary shares following vesting of 1,181,803 deferred rights held as short and long term incentive awards
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - Graham Kerr ↗ Appendix 3Y - Graham Kerr ↗ | VestingOrdinary fully paid shares | 1,181,803 | —Non Cash | — | — |
| 2023-12-04 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2023-12-04As disclosed: 1,047,894 performance rights held as long term incentive awards under the South32 Equity Incentive Plan
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | GrantPerformance rights under the South32 Equity Incentive Plan | 1,047,894 | —Non Cash | — | 5,944,766 |
| 2023-12-04 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2023-12-04As disclosed: 233,546 deferred rights held as short term incentive awards under the South32 Equity Incentive Plan
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | GrantDeferred rights under the South32 Equity Incentive Plan | 233,546 | —Non Cash | — | 516,835 |
| 2023-08-28 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2023-08-28Sale to cover tax liabilities. As disclosed: Disposed of 56,908 ordinary shares at an average of $3.44 per share to cover tax liabilities
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | SaleOrdinary fully paid shares | 56,908 | — | AUD 3.44Disclosed price | — |
| 2023-08-25 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2023-08-25As disclosed: 242,160 ordinary shares following vesting of 242,160 deferred rights held as short term incentive awards
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | VestingOrdinary fully paid shares | 242,160 | —Non Cash | — | — |
| 2023-08-25 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2023-08-25Recipient account not identified in the notice. As disclosed: Non-cash disposal of 121,080 ordinary shares on 25 August 2023 as part of a divorce settlement
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | Transfer OutOrdinary fully paid shares | 121,080 | —Non Cash | — | — |
| 2023-08-25 | Karen WoodKaren Wood and Alexander Sloan as trustees of the Sloan Wood Super Fund A/C
Details & evidence for Karen Wood on 2023-08-25Paired with the transfer-in record for the same 63,000-share trustee-account movement; no change in beneficial ownership. As disclosed: Off Market Transfer of interest from Ms Karen Wood and Mr Alexander Sloan as trustee of the Sloan Wood Super Fund A/C to Sloan Wood Pty Ltd as trustee of the Sloan Wood Super Fund A/C
director · Start not disclosed Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C> · Indirect South32 shareholding held through Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C>. Sloan Wood Pty Ltd <Sloan Wood Super Fund> · Indirect South32 shareholding held through Sloan Wood Pty Ltd <Sloan Wood Super Fund>; transferred from the prior trustee account in 2023. Karen Wood and Alexander Sloan as trustees of the Sloan Wood Super Fund A/C · Former registered trustee account for 63,000 shares before the 2023 off-market account transfer. Appendix 3Y Change of Director's Interest Notice - K Wood ↗ Appendix 3Y Change of Director's Interest Notice - K Wood ↗ | Transfer OutOrdinary fully paid shares | 63,000 | —Non Cash | — | 0 |
| 2023-08-25 | Karen WoodSloan Wood Pty Ltd <Sloan Wood Super Fund>
Details & evidence for Karen Wood on 2023-08-25Paired with the transfer-out record for the same 63,000-share trustee-account movement; no change in beneficial ownership. As disclosed: Off Market Transfer of interest from Ms Karen Wood and Mr Alexander Sloan as trustee of the Sloan Wood Super Fund A/C to Sloan Wood Pty Ltd as trustee of the Sloan Wood Super Fund A/C
director · Start not disclosed Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C> · Indirect South32 shareholding held through Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C>. Sloan Wood Pty Ltd <Sloan Wood Super Fund> · Indirect South32 shareholding held through Sloan Wood Pty Ltd <Sloan Wood Super Fund>; transferred from the prior trustee account in 2023. Karen Wood and Alexander Sloan as trustees of the Sloan Wood Super Fund A/C · Former registered trustee account for 63,000 shares before the 2023 off-market account transfer. Appendix 3Y Change of Director's Interest Notice - K Wood ↗ Appendix 3Y Change of Director's Interest Notice - K Wood ↗ | Transfer InOrdinary fully paid shares | 63,000 | —Non Cash | — | 63,000 |
| 2023-03-09 | Graham KerrGraham Kerr
Details & evidence for Graham Kerr on 2023-03-09The notice does not identify the receiving account. As disclosed: Off-market transfer made as part of settlement of a marital divorce
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Change of Director's Interest Notice - G Kerr ↗ Change of Director's Interest Notice - G Kerr ↗ Change of Director's Interest Notice - G Kerr ↗ | Transfer OutOrdinary fully paid shares | 1,976,772 | —Non Cash | — | 1,976,772 |
Disclosed holding observations26 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-07-01 | Matthew Daley
Details & evidence for Matthew Daley on 2026-07-01
director · Start not disclosed Citicorp Nominees Pty Limited for South32 Employee Share Plan · Employee share plan shares registered to Citicorp nominee. Appendix 3X - Matthew Daley ↗ Appendix 3X - Matthew Daley ↗ | InitialOrdinary fully paid shares held through the South32 Employee Share Plan | 285,714 | — |
| 2026-07-01 | Matthew Daley
Details & evidence for Matthew Daley on 2026-07-01
director · Start not disclosed Citicorp Nominees Pty Limited for South32 Employee Share Plan · Employee share plan shares registered to Citicorp nominee. Appendix 3X - Matthew Daley ↗ | InitialPerformance rights under the South32 Equity Incentive Plan | 3,197,143 | — |
| 2026-06-30 | Graham Kerr
Details & evidence for Graham Kerr on 2026-06-30
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Z - Graham Kerr ↗ | FinalDeferred rights under the South32 Equity Incentive Plan | 714,727 | — |
| 2026-06-30 | Graham Kerr
Details & evidence for Graham Kerr on 2026-06-30
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Z - Graham Kerr ↗ | FinalOrdinary fully paid shares | 3,305,194 | — |
| 2026-06-30 | Graham Kerr
Details & evidence for Graham Kerr on 2026-06-30
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Z - Graham Kerr ↗ | FinalOrdinary fully paid shares | 414 | — |
| 2026-06-30 | Graham Kerr
Details & evidence for Graham Kerr on 2026-06-30
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Z - Graham Kerr ↗ | FinalPerformance rights under the South32 Equity Incentive Plan | 4,622,299 | — |
| 2026-03-01 | Karen Wood
Details & evidence for Karen Wood on 2026-03-01
director · Start not disclosed Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C> · Indirect South32 shareholding held through Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C>. Sloan Wood Pty Ltd <Sloan Wood Super Fund> · Indirect South32 shareholding held through Sloan Wood Pty Ltd <Sloan Wood Super Fund>; transferred from the prior trustee account in 2023. Karen Wood and Alexander Sloan as trustees of the Sloan Wood Super Fund A/C · Former registered trustee account for 63,000 shares before the 2023 off-market account transfer. South32 Chair Succession ↗ | FinalOrdinary fully paid shares | 0 | — |
| 2026-03-01 | Karen Wood
Details & evidence for Karen Wood on 2026-03-01
director · Start not disclosed Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C> · Indirect South32 shareholding held through Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C>. Sloan Wood Pty Ltd <Sloan Wood Super Fund> · Indirect South32 shareholding held through Sloan Wood Pty Ltd <Sloan Wood Super Fund>; transferred from the prior trustee account in 2023. Karen Wood and Alexander Sloan as trustees of the Sloan Wood Super Fund A/C · Former registered trustee account for 63,000 shares before the 2023 off-market account transfer. South32 Chair Succession ↗ | FinalOrdinary fully paid shares | 304,825 | — |
| 2026-03-01 | Karen Wood
Details & evidence for Karen Wood on 2026-03-01
director · Start not disclosed Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C> · Indirect South32 shareholding held through Sloan/Wood Investments Pty Ltd <Sloan/Wood Family A/C>. Sloan Wood Pty Ltd <Sloan Wood Super Fund> · Indirect South32 shareholding held through Sloan Wood Pty Ltd <Sloan Wood Super Fund>; transferred from the prior trustee account in 2023. Karen Wood and Alexander Sloan as trustees of the Sloan Wood Super Fund A/C · Former registered trustee account for 63,000 shares before the 2023 off-market account transfer. South32 Chair Succession ↗ | FinalOrdinary fully paid shares | 63,000 | — |
| 2025-10-23 | Frank Charles Cooper
Details & evidence for Frank Charles Cooper on 2025-10-23
director · Start not disclosed to 2025-10-23 The Northmore Trust · Indirect South32 shares held by Frank Cooper and Maura Cooper as trustees of The Northmore Trust. Retirement of Directors ↗ | FinalOrdinary fully paid shares | 0 | — |
| 2025-10-23 | Frank Charles Cooper
Details & evidence for Frank Charles Cooper on 2025-10-23
director · Start not disclosed to 2025-10-23 The Northmore Trust · Indirect South32 shares held by Frank Cooper and Maura Cooper as trustees of The Northmore Trust. Retirement of Directors ↗ | FinalOrdinary fully paid shares | 128,010 | — |
| 2025-10-23 | Dr Ntombifuthi Temperance Mtoba
Details & evidence for Dr Ntombifuthi Temperance Mtoba on 2025-10-23
director · Start not disclosed to 2025-10-23 Retirement of Directors ↗ | FinalOrdinary fully paid shares | 71,386 | — |
| 2025-10-23 | Dr Ntombifuthi Temperance Mtoba
Details & evidence for Dr Ntombifuthi Temperance Mtoba on 2025-10-23
director · Start not disclosed to 2025-10-23 Retirement of Directors ↗ | FinalSecurities of South32 Limited | 0 | — |
| 2024-10-24 | Keith Rumble
Details & evidence for Keith Rumble on 2024-10-24
director · Start not disclosed to 2024-10-24 Keith Rumble indirect Depository Interest accounts (allocation not disclosed) · Aggregate indirect Depository Interests held jointly with his spouse and by the Rumble Family Trust and Saint Lambert Trust; the notice does not allocate shares among these accounts. Retirement of Director - Keith Rumble (incl Appendix 3Z) ↗ | FinalDepository Interests representing ordinary shares | 18,180 | — |
| 2024-10-24 | Keith Rumble
Details & evidence for Keith Rumble on 2024-10-24
director · Start not disclosed to 2024-10-24 Keith Rumble indirect Depository Interest accounts (allocation not disclosed) · Aggregate indirect Depository Interests held jointly with his spouse and by the Rumble Family Trust and Saint Lambert Trust; the notice does not allocate shares among these accounts. Retirement of Director - Keith Rumble (incl Appendix 3Z) ↗ | FinalDepository Interests representing ordinary shares | 88,200 | — |
| 2024-10-24 | Keith Rumble
Details & evidence for Keith Rumble on 2024-10-24
director · Start not disclosed to 2024-10-24 Keith Rumble indirect Depository Interest accounts (allocation not disclosed) · Aggregate indirect Depository Interests held jointly with his spouse and by the Rumble Family Trust and Saint Lambert Trust; the notice does not allocate shares among these accounts. Retirement of Director - Keith Rumble (incl Appendix 3Z) ↗ | FinalOrdinary fully paid shares | 55,000 | — |
| 2024-09-03 | Graham Kerr
Details & evidence for Graham Kerr on 2024-09-03
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - Graham Kerr ↗ | FinalOrdinary fully paid shares | 414 | — |
| 2024-09-03 | Graham Kerr
Details & evidence for Graham Kerr on 2024-09-03
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y - Graham Kerr ↗ | FinalOrdinary fully paid shares | 3,080,688 | — |
| 2023-11-28 | Sharon Lee Warburton
Details & evidence for Sharon Lee Warburton on 2023-11-28
director · Start not disclosed S&C Warburton Pty Ltd as trustee of the S & C Warburton SF A/C · Indirect South32 shareholding through S&C Warburton Pty Ltd as trustee of the S & C Warburton SF A/C. Appendix 3X (Sharon Warburton) ↗ | InitialOrdinary shares in South32 Limited | 42,870 | — |
| 2023-08-28 | Graham Kerr
Details & evidence for Graham Kerr on 2023-08-28
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | FinalDeferred rights under the South32 Equity Incentive Plan | 283,289 | — |
| 2023-08-28 | Graham Kerr
Details & evidence for Graham Kerr on 2023-08-28
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | FinalPerformance rights under the South32 Equity Incentive Plan | 4,896,872 | — |
| 2023-08-28 | Graham Kerr
Details & evidence for Graham Kerr on 2023-08-28
director · Start not disclosed to 2026-06-30 GK71 Pty Ltd <GK71 A/C> · Indirect South32 shareholding through GK71 Pty Ltd <GK71 A/C>. Appendix 3Y Change of Director's Interest Notice - G Kerr ↗ | FinalOrdinary fully paid shares | 2,040,944 | — |
| 2023-05-31 | Guy Louis Poole Lansdown
Details & evidence for Guy Louis Poole Lansdown on 2023-05-31
director · Start not disclosed to 2023-05-31 Nicola Marian Lansdown & Guy Louis Poole Lansdown TRS FBO Guy Louis Poole Lansdown Living Trust UA 10/24/2008 · Indirect holding through the Lansdown Living Trust reported in the final director notice. Appendix 3Z - Guy Lansdown ↗ | FinalAmerican Depositary Receipts (each reported as representing five South32 ordinary shares) | 16,000 | — |
| 2023-05-31 | Guy Louis Poole Lansdown
Details & evidence for Guy Louis Poole Lansdown on 2023-05-31
director · Start not disclosed to 2023-05-31 Nicola Marian Lansdown & Guy Louis Poole Lansdown TRS FBO Guy Louis Poole Lansdown Living Trust UA 10/24/2008 · Indirect holding through the Lansdown Living Trust reported in the final director notice. Appendix 3Z - Guy Lansdown ↗ | FinalOrdinary shares | 0 | — |
| 2023-05-01 | Carlos Mesquita
Details & evidence for Carlos Mesquita on 2023-05-01
director · Start not disclosed Appendix 3X - Carlos Mesquita ↗ | InitialDepository Interests representing ordinary shares | 89,841 | — |
| 2023-05-01 | Carlos Mesquita
Details & evidence for Carlos Mesquita on 2023-05-01
director · Start not disclosed Appendix 3X - Carlos Mesquita ↗ | InitialOrdinary shares in South32 Limited | 87,599 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory14 documents
S32 ordinary close 13 October 2026Market Data · LowExtracted
Eligible local raw close A$4.83, volume 16,091,218; market data provider via miners.collect_stock_prices. One ASX S32 ordinary share. This is the cutoff-date close, not a live 24 October quote.
- Document ID
- s32-market-close-20261013
- Published UTC
- 2026-10-13T05:10:00+00:00
- Projects
- —
- Commodities
- —
Update - Notification of buy-back - S32Presentation · LowExtracted
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03147361-6a1348822
- Published UTC
- 2026-10-12T21:12:43+00:00
- Projects
- —
- Commodities
- —
Notification of cessation of securities - S32Corporate Action · LowExtracted
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03143354-6a1347267
- Published UTC
- 2026-10-01T07:09:30+00:00
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities - S32Corporate Action · LowExtracted
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03143352-6a1347266
- Published UTC
- 2026-10-01T07:09:10+00:00
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities - S32Corporate Action · LowExtracted
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03143348-6a1347263
- Published UTC
- 2026-10-01T07:06:35+00:00
- Projects
- —
- Commodities
- —
Resources and energy quarterly September 2026: official commodity outlookCommodity Data · LowPartial
Official HTML commodity summaries read. Release date confirmed by the department news listing on 2 October 2026. PDF retention attempts failed (HTTP/2 server error, then bounded HTTP/1.1 timeouts); no retained PDF or source-image claim. Used as an independent deck challenge, not issuer guidance.
- Document ID
- s32-req-september-2026
- Published UTC
- 2026-10-01T14:00:00+00:00
- Projects
- —
- Commodities
- copper · zinc · gold
Notification of cessation of securities - S32Corporate Action · LowExtracted
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03143127-6a1347161
- Published UTC
- 2026-10-01T01:06:39+00:00
- Projects
- —
- Commodities
- —
Business UpdatePresentation · HighPartial
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03135712-6a1343877
- Published UTC
- 2026-09-15T06:33:11+00:00
- Projects
- —
- Commodities
- —
Hermosa Site VisitPresentation · HighPartial
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03135250-6a1343696
- Published UTC
- 2026-09-14T06:33:21+00:00
- Projects
- —
- Commodities
- —
Notice of Annual General MeetingTransaction · HighPartial
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03133948-6a1343129
- Published UTC
- 2026-09-09T23:02:18+00:00
- Projects
- —
- Commodities
- —
South32 Annual Report 2026Results · HighPartial
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative. Publication time matches ASX annual report release2924-03126787-6A1340564; retained issuer-authored mirror copy.
- Document ID
- s32-annual-report-2026
- Published UTC
- 2026-08-26T21:53:59+00:00
- Projects
- —
- Commodities
- —
61% Increase in Sierra Gorda Ore ReserveReserve Update · HighPartial
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03125347-6a1340036
- Published UTC
- 2026-08-24T22:33:05+00:00
- Projects
- —
- Commodities
- —
Hermosa Project UpdatePresentation · HighPartial
Material pages reviewed through prepared native text and selected visual tables. Partial reading excludes non-material appendices and sustainability narrative.
- Document ID
- s32-2924-03084131-6a1322966
- Published UTC
- 2026-04-29T22:00:55+00:00
- Projects
- —
- Commodities
- —
IRS IRM4.11.11 Net Operating Loss Cases (17 April 2023)Other · LowPartial
Primary IRS guidance with a pre-cutoff April2023 section date: post2017 net operating losses carried to post2020 years generally face an80%taxable-income deduction limit. Used as an80%blended Taylor proxy; exact state treatment is not asserted.
- Document ID
- s32-irs-nol-2023
- Published UTC
- 2023-04-17T00:00:00+00:00
- Projects
- —
- Commodities
- —
Evidence facts31
2129000000 USD
2026-06-301103000000 USD
2026-06-30748000000 USD
2026-06-302462000000 USD
2026-06-301087000000 USD
2026-06-301634000000 USD
2026-06-304486485738 shares
2026-06-30892.0 USD million
2026-06-30300.0 USD million
2026-06-30664.0 USD million
2026-06-304208757 rights
2026-10-136129245 rights
2026-10-13580 rights
2026-10-133173740 shares
2026-10-1355 %
2026-10-13Site visit for Hermosa Taylor text
2026-10-133088000000 USD
2026-10-13887000000 USD
2026-10-13333000000 USD
2026-10-13800.0 USD million
2026-06-3041.0 USD million
2026-06-3082.0 USD million
2026-06-303100000000 USD
2026-10-133300000000 USD
2026-10-131870000000 t
2026-10-131100000000 t
2026-10-134.83 AUD/share
2026-10-1316091218 shares
2026-10-1311600 USD/t Cu
2031-12-312712 USD/t Zn
2031-12-310.8 fraction
2023-04-17Conflicts requiring judgment2
- capital_structure
Use actual movement fields, not asynchronous pre-populated totals. Ordinary = 4,486,485,738 less 3,173,740 cancelled = 4,483,311,998. Rights = pre-movement 44,500,304 plus 580 issued less 6,129,245 converted and 4,208,757 lapsed = 34,162,882. Conversion was transfer of existing shares. Later buyback template still displays June ordinary total and is not a new issuance.
- Sierra Gorda reserves
31 July reserve and resource update supersedes 30 June annual table; use headline rounded total 1,100Mt reserve and 1,870Mt resource, not sum old and new estimates.