Key facts: Vale Q1 profit up 36%; mines to resume; 2026 payout mix

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2026.04.29 21:08
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VALE3 Q1: net profit $1.89B (+36% YoY), revenue $9.26B (+14%), EBITDA ~$3.8–3.9B (+21–23%). Higher volumes, stronger iron ore/copper/nickel prices, record quarterly production; free cash flow +61%.12VALE3 expects Fabrica and Viga mines in Minas Gerais to resume operations within weeks after a January water overflow; CFO says the incident won't materially alter 2026 iron ore production guidance.3Vale plans to shift shareholder returns in 2026, aiming for a more balanced mix between buybacks and dividends versus 2025; this signals a change in cash allocation to investors.4