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The latest announcement is out from MMG ( (HK:1208) ).
MMG Limited has entered into the Rosebery Concentrate Sales Agreement with Minmetals North-Europe, a connected entity under the company’s controlling shareholder, CMC. This agreement, covering the sale of 100% of production estimated at 6,000 dry metric tonnes per annum for 2026 and 2027, is a continuing connected transaction subject to specific reporting and review requirements. The pricing terms, negotiated at arm’s length, are favorable compared to independent third-party offers, ensuring competitive returns for MMG. The proposed annual cap for this transaction is set at US$150 million.
The most recent analyst rating on (HK:1208) stock is a Buy with a HK$8.50 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 company incorporated in Hong Kong, operating in the mining industry. It primarily focuses on the extraction and sale of mineral resources, including copper, gold, and silver. The company is involved in global operations with a market focus on mineral concentrate sales.
Average Trading Volume: 67,581,321
Technical Sentiment Signal: Buy
Current Market Cap: HK$103B
For a thorough assessment of 1208 stock, go to TipRanks’ Stock Analysis page.