BHP Group (ASX:BHP) has lifted its FY26 copper production guidance to 1.9–2 million tonnes, citing record throughput at its Escondida mine and strong performance across its portfolio.
Iron ore and coal output also rose, with WAIO achieving record half-year production and NSWEC energy coal increasing 10%.
The miner attributed its robust results to strong commodity prices, with copper up 32% and iron ore up 4% year-on-year.
Growth projects, including the Escondida new concentrator and the Vicuña project in Argentina, remain on track.
"BHP enters the second half of FY26 with strong operating momentum. We're investing for the decade ahead, with a significant copper growth pipeline and a pathway to 2 Mt of attributable copper production in the 2030s," said BHP CEO Mike Henry.
The company also revised the investment estimate for stage one of its Jansen potash project to US$8.4 billion, with first production now expected in mid-2027.
BHP said the increase reflects inflation, design changes, and higher construction costs, though stage one remains on target for 4.15 million tonnes per annum with strong margins of 63%–64%.