MAC Copper Limited Reports Record Quarterly Copper Production

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

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