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MMG ( (HK:1208) ) has shared an update.
MMG Limited released its Fourth Quarter Production Report for 2024, showcasing a substantial increase in copper production by 44% compared to the previous year, totaling 355,161 tonnes. The report highlights the acquisition of the Khoemacau mine in March 2024, contributing to the company’s overall growth. Zinc production remained steady with an 8% increase for the year, while lead production saw a 7% rise. However, molybdenum production decreased by 18%, and cobalt production experienced a significant increase of 2,687%. This report underscores MMG’s strategic expansion efforts and its impact on production capabilities, enhancing its positioning in the mining sector.
More about MMG
MMG Limited is a mining company incorporated in Hong Kong, focused on the production of copper, zinc, lead, molybdenum, and cobalt. The company operates several mines, including Las Bambas, Kinsevere, Rosebery, Dugald River, and Khoemacau, with a significant market presence in the mining industry.
YTD Price Performance: 9.06%
Average Trading Volume: 6,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.27B
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