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MMG ( (HK:1208) ) has issued an update.
MMG has raised the 2025 annual cap on its continuing connected transaction for Rosebery concentrate sales to Minmetals North-Europe to US$150 million from a previously revised US$125 million, reflecting stronger-than-expected copper, gold and silver prices. The company said all 2025 shipments stayed within planned volumes and that higher metal prices are driving a larger final price adjustment, with independent directors deeming the new cap commercially fair and in shareholders’ interests, while internal controls and conflict-of-interest safeguards remain in place.
The revised cap, which follows an earlier increase from the original US$100 million limit, underlines MMG’s growing revenue exposure to favourable commodity price movements in its concentrate offtake arrangements. Management will continue to monitor transaction pricing and compliance with the cap, suggesting modest upside to 2025 revenue from the Rosebery contract while maintaining governance measures typical for connected transactions in Hong Kong’s listing regime.
The most recent analyst rating on (HK:1208) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
More about MMG
MMG Limited is a Hong Kong-incorporated resources company engaged in the production and sale of base and precious metal concentrates. The group markets copper, gold and silver-bearing products globally, including output from its Rosebery operation, positioning itself as a supplier into international metals markets with pricing linked to major exchanges.
Average Trading Volume: 62,892,958
Technical Sentiment Signal: Buy
Current Market Cap: HK$90.57B
See more insights into 1208 stock on TipRanks’ Stock Analysis page.