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Hong Kong stock movement | MMG (01208) opened more than 3% higher, with total Copper production in the first quarter increasing by 76% year-on-year. The company may revise its production guidance.
MMG (01208) opened over 3% higher, and as of the report, it rose 3.36% to 2.46 Hong Kong dollars, with a transaction amount of 2.9323 million Hong Kong dollars.
MMG's Copper Output Balloons 86% in Q1
MMG (01208.HK): In the first quarter, the total Copper production of MMG (including electrolytic Copper and Copper concentrate) increased by 76% year-on-year.
On April 24, GF Securities announced that in the first quarter of 2025, MMG's total Copper production (including electrolytic Copper and Copper concentrate) reached 118,213 tons, which is a 76% increase compared to the same period last year. This was driven by increased production at Las Bambas and Kinsevere, as well as Khoemacau achieving a full quarter of output. In this quarter, both the Ferrobamba and Chalcobamba pits at Las Bambas mine maintained stable production, with a beneficiation grade of 0.88% and Copper recovery rate rising to 88.
MMG: ANNUAL REPORT 2024
Express News | MMG Ltd - for Las Bambas, Co Assessing Potential Upward Revision to Lower End of Its Production Forecast.
Express News | MMG Ltd - Qtrly Total Copper Production (Copper Cathode Plus Copper Concentrate) of 118,213 Tonnes
