OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor S32 ASX

South32 Limited

Producer · Copper · Silver · Zinc · Lead · Manganese · Bauxite · Others · CL · AU · ZA · US · MZ · BR · CA Rating locked: sign in to view v8 · s32-20261024t160255-full
Last 2026-11-06
A$4.44
1D
—
1M
—
YTD
—
1Y
—
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

Narrative and provenance

Research & Sources

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Chronological 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
—
Open original source ↗
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
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Commodities
—
Open original source ↗
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
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Commodities
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Open original source ↗
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
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Commodities
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Open original source ↗
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
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Commodities
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Open original source ↗
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
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Commodities
copper · zinc · gold
Open original source ↗
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
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Commodities
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Open original source ↗
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
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Commodities
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Open original source ↗
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
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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
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Commodities
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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
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Commodities
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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
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Commodities
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Open original source ↗
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
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Open original source ↗
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
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Commodities
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Evidence facts31
s32-annual-report-2026-f1Unrestricted cash

2129000000 USD

2026-06-30
s32-annual-report-2026-f2Other interest bearing debt

1103000000 USD

2026-06-30
s32-annual-report-2026-f3Leases

748000000 USD

2026-06-30
s32-annual-report-2026-f4FY26 Underlying EBITDA

2462000000 USD

2026-06-30
s32-annual-report-2026-f5FY26 attributable NPAT

1087000000 USD

2026-06-30
s32-annual-report-2026-f6Cash from operations

1634000000 USD

2026-06-30
s32-annual-report-2026-f7Ordinary shares

4486485738 shares

2026-06-30
sale-ebitda-fy26FY26 sale-perimeter underlying EBITDA

892.0 USD million

2026-06-30
sale-capital-fy27FY27 sale-perimeter complete capital guidance

300.0 USD million

2026-06-30
mrn-drawn-facilitiesMRN third-party facilities drawn gross

664.0 USD million

2026-06-30
s32-2924-03143354-6a1347267-f1Rights lapse

4208757 rights

2026-10-13
s32-2924-03143352-6a1347266-f1Rights converted using existing shares

6129245 rights

2026-10-13
s32-2924-03143348-6a1347263-f1New rights

580 rights

2026-10-13
s32-2924-03143127-6a1347161-f1Actual ordinary cancellation

3173740 shares

2026-10-13
s32-2924-03135712-6a1343877-f1Pro forma production growth committed projects

55 %

2026-10-13
s32-2924-03135250-6a1343696-f1Site visit reaffirmed construction status

Site visit for Hermosa Taylor text

2026-10-13
s32-2924-03133948-6a1343129-f1Net cash consideration

3088000000 USD

2026-10-13
s32-2924-03133948-6a1343129-f2Fixed Alcoa shares June fair value

887000000 USD

2026-10-13
s32-2924-03133948-6a1343129-f3Contingent consideration June fair value

333000000 USD

2026-10-13
sale-cycle-ebitdaFY21-FY25 average consolidated EBITDA for sale assets

800.0 USD million

2026-06-30
sale-standard-break-feeOrdinary vote-failure or superior-proposal break fee

41.0 USD million

2026-06-30
sale-late-break-feeLate-meeting triggering-event break fee

82.0 USD million

2026-06-30
s32-2924-03084131-6a1322966-f1Taylor post tax NPV at 7% real

3100000000 USD

2026-10-13
s32-2924-03084131-6a1322966-f2Taylor pre-production capex

3300000000 USD

2026-10-13
s32-2924-03125347-6a1340036-f1Gross resource

1870000000 t

2026-10-13
s32-2924-03125347-6a1340036-f2Gross reserve

1100000000 t

2026-10-13
s32-close-20261013Raw close of ordinary ASX share

4.83 AUD/share

2026-10-13
s32-volume-20261013Daily volume

16091218 shares

2026-10-13
req-copper-20312031 real copper forecast

11600 USD/t Cu

2031-12-31
req-zinc-20312031 real zinc forecast

2712 USD/t Zn

2031-12-31
irs-nol-80pctGeneral post2017 NOL taxable-income deduction limit

0.8 fraction

2023-04-17
Conflicts 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.