BHP’s U.S.-listed shares are up after the miner released its Operational Review for the nine months ended March 31, 2026 on April 22, 2026, highlighting strong operating performance across key assets. The update pointed to record material mined and concentrator throughput at Escondida and record production at Western Australia Iron Ore (WAIO), reinforcing confidence in near-term execution. (bhp.com)

Investors focused on copper signals in the quarterly update. BHP said performance at Escondida and Antamina supports expectations that group copper production will land in the upper half of FY2026 guidance, and it also noted progress on copper growth projects, including a permit application for Escondida’s new concentrator and a milestone at Resolution Copper to progress drilling for mine design and feasibility work. (bhp.com)

The company also emphasized cash generation and portfolio moves, saying it realized about $4.8 billion in the last month through completion of the Antamina silver streaming transaction, finalization of the Carajás divestment, and cash received related to prior asset sales. That combination of operational momentum and fresh liquidity is helping underpin today’s rally in the ADRs. (bhp.com)