VALE
Vale S.A.12.72
-0.05-0.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
VBM costs beat guidance sharply
Q&A highlighted Vale Base Metals' cost outperformance—copper all-in negative $900/ton, nickel $9,000/ton versus $13,000 guidance—via restructuring, Voisey's Bay ramp (20% ahead), and Onça Puma records. Shaun detailed copper upside: Bacaba halved to 50% IRR, Salobo flotation, Alemão tweaks; technical reports imminent. Iron ore Q4 realization dipped on IOCJ/BRBF premiums and mid-grade tests, yet flagships resilient at $13/$2 premiums; 40-50Mt mid-grades planned. Fabrica rains minor; $1.5T AUM unlocked. Nickel breakeven locked by year-end. VBM execution matters most now.
Key Stats
Market Cap
54.43BP/E (TTM)
9.86Basic EPS (TTM)
1.29Dividend Yield
0.21%IPO
Website
Employees
Sector
Industry
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