Metro Mining Achieves Record Growth and Sustainability Milestones in 2024

Metro Mining Limited ( (AU:MMI) ) has issued an announcement.

In 2024, Metro Mining Limited achieved significant milestones, including the completion of a $36 million expansion project, which increased its production capacity and resulted in a 24% year-on-year increase in shipped production. The company also improved its financial position by raising equity, repaying debt, and refinancing at lower interest rates, leading to a 30% increase in revenue and a 300% rise in market capitalization. Despite challenges such as inclement weather and economic uncertainty, Metro Mining focused on sustainability, safety, and stakeholder engagement, earning national recognition for its environmental efforts.

The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.13 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 operates in the mining industry, focusing primarily on bauxite production. The company aims to be the world’s lowest-cost producer of bauxite, with a significant market focus on expanding its production capacity and improving operational efficiencies.

Average Trading Volume: 11,145,608

Technical Sentiment Signal: Hold

Current Market Cap: A$304.9M

For an in-depth examination of MMI stock, go to TipRanks’ Stock Analysis page.