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The latest update is out from Metro Mining Limited ( (AU:MMI) ).
Metro Mining Limited has reported that its Bauxite Hills Mine in Cape York sustained minimal impact from Tropical Cyclone Narelle, with no damage to site infrastructure despite heavy rain and offshore waves reaching six metres. The company had activated its cyclone management plan in advance, securing equipment, relocating marine assets and reducing staffing to a skeleton crew as the storm passed and the Port of Skardon was temporarily closed.
Operations are now being progressively restored, with crew remobilisation flights underway and mining activities already restarted at the site in North Queensland. Barging operations are expected to resume once sea conditions return to operational parameters and required marine permissions are obtained, with Metro reaffirming its 2026 shipment guidance of 6.6 to 7.1 million wet metric tonnes of bauxite.
The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.07 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 independent Australian bauxite producer and explorer operating the 100%-owned Bauxite Hills Mine on the Weipa bauxite plateau in Cape York, North Queensland. The company supplies high-alumina bauxite shipped in very large ore carriers to customers, and maintains agreements with Traditional Owners while supporting significant indigenous employment in the region.
Average Trading Volume: 11,526,837
Technical Sentiment Signal: Sell
Current Market Cap: A$374.8M
See more insights into MMI stock on TipRanks’ Stock Analysis page.