BHP Takes Creative Approach to Funding Copper Growth -- Market Talk

Dow Jones
Yesterday

0032 GMT - BHP's US$4.3 billion silver-streaming deal is the standout for Macquarie in a flurry of updates from the world's biggest miner. "A strong earnings result, but the key is BHP's creative approach to capturing latent value while funding attractive copper growth, keeping yield intact," the bank says in a note. It highlights that copper is "now the major breadwinner" for BHP. The miner said copper contributed 51% of 1H underlying Ebitda. BHP also provided an update on its copper growth pipeline, including capital intensities for Vicuna and Olympic Dam, Macquarie notes. Macquarie has a neutral rating and a A$51.00 target on BHP. The stock is up 7.2% at A$54.00. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

February 16, 2026 19:32 ET (00:32 GMT)

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