Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Metals Corp ( (MTAL) ) has issued an update.
MAC Copper Limited announced its December 2024 quarterly report, highlighting record production levels and operational efficiencies. The company achieved a record quarterly production of 11,320 tonnes of copper at a 4.1% grade, marking an 11% increase quarter-over-quarter. The cash cost per pound decreased by 12% from the previous quarter, reflecting improved cost management and operational efficiencies. The company also reported a significant improvement in safety metrics, with a reduction in Total Recordable Injury Frequency Rate. Additionally, MAC Copper Limited has increased its liquidity and strengthened its balance sheet by raising funds and reducing debt, setting a foundation for future growth projects aimed at expanding copper production by 2026.
More about Metals Corp
MAC Copper Limited is a private limited company based in Jersey, Channel Islands, operating in the copper mining industry. The company primarily focuses on copper production, with a market presence on the New York Stock Exchange and the Australian Securities Exchange.
YTD Price Performance: 2.94%
Average Trading Volume: 235,863
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $802.9M
Learn more about MTAL stock on TipRanks’ Stock Analysis page.
