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Metro Mining Limited ( (AU:MMI) ) has shared an announcement.
Metro Mining Limited reported a record quarterly shipment of 2.25 million wet metric tonnes (WMT) of bauxite, marking a 6% year-on-year increase and a 33% rise from the previous quarter. Despite facing logistical challenges and an unplanned outage, the company has revised its 2025 production forecast to between 6.2 and 6.6 million WMT. The bauxite market remains robust, with strong demand from China, although supply has moderated. Metro’s operational improvements and cost reductions have resulted in a healthy site EBITDA margin, and the company has been granted Project of Regional Significance status, allowing for future expansion.
The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.10 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
More about Metro Mining Limited
Metro Mining Limited is an Australian company operating in the mining industry, primarily focusing on the extraction and shipment of bauxite from its Bauxite Hills Mine in Cape York, North Queensland. The company is strategically positioned to supply the growing demand for bauxite, particularly driven by the increase in imports to China.
Average Trading Volume: 14,724,028
Technical Sentiment Signal: Buy
Current Market Cap: A$512.6M
For detailed information about MMI stock, go to TipRanks’ Stock Analysis page.