Mining giant IGO (ASX:IGO) has reported a significant lift in lithium production and realised prices for the December 2025 quarter, underscoring the continued resilience of its Tier 1 assets.
Spodumene production at the Greenbushes operation climbed to 352,000 tonnes, up from 320,000 tonnes in the previous period, while average realised prices surged 16% to US$850 per tonne.
This pricing boost helped expand Greenbushes' EBITDA margins to a robust 64%.
Consequently, group underlying EBITDA rose to $30 million, supported by positive operating cash flow of $13 million.
While the Kwinana refinery saw lower hydroxide output due to maintenance outages, and the Nova nickel mine remained on track with its life-of-mine plan, the company maintained a strong balance sheet to navigate ongoing market volatility.