BHP H1 revenue jumps 28% amid US$4.3B silver deal
Global resources titan BHP (ASX:BHP) posted a robust 28% climb in first-half statutory net profit, reaching US$5.64 billion.
The rise was fueled by high-octane commodity prices and strengthened margins within its core copper and iron ore portfolios.
Revenue climbed 11% to US$27.9 billion. The company hiked its interim dividend to 73 US cents per share, a significant jump from last year’s 50 cents.
Beyond the balance sheet, the "Big Australian" announced a strategic US$4.3 billion silver streaming agreement with Canada’s Wheaton Precious Metals
Under the terms of the deal, BHP will receive an immediate upfront payment in exchange for silver production from its 33.75% stake in the Antamina mine in Peru.
The liquidity injection underscores BHP's aggressive approach to portfolio optimisation and capital management.
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