The EQ Resources Ltd (ASX: EQR) share price is in focus after the company achieved record revenue of A$51 million in July 2026, driven by its highest monthly production since late 2024 and robust sales volumes at both its Australian and Spanish operations.
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What did EQ Resources report?
- Group production reached 14,255 mtu in July, up 36% month-on-month.
- Group sales volumes were 14,756 mtu, bringing in record revenue of A$51 million.
- Average realised tungsten price was US$2,386 per mtu across the group.
- Barruecopardo mine produced 9,667 mtu and generated A$39 million revenue at US$2,449 per mtu.
- Mt Carbine mine produced 4,588 mtu, generating A$12 million at US$2,195 per mtu.
What else do investors need to know?
EQ Resources saw strong performance across its key assets, with both Barruecopardo and Mt Carbine achieving their highest production numbers in several months. The company's advanced minerals processing technology played a key role in boosting operational efficiency during July.
Management emphasised EQR's commitment to sustainable mining, highlighting ongoing investment in technology and a continued focus on critical minerals. The company's dual-geography operations in Australia and Spain support its ambition to be a leading global tungsten supplier.
What's next for EQ Resources?
Looking ahead, EQ Resources plans to further develop its Mt Carbine and Barruecopardo projects, targeting greater production and resource expansion. The company says it will also keep evaluating new opportunities in the fast-evolving critical minerals sector to add value for shareholders.
As demand for tungsten grows in new economy sectors, management says EQR will continue focusing on sustainable practices and improving operational performance to remain competitive on the world stage.
EQ Resources share price snapshot
Over the past 12 months, EQ Resources shares have risen 850%, significantly outpacing the All Ordinaries Index (ASX: XAO), which has risen 3% over the same period.
