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MMG ( (HK:1208) ) has provided an announcement.
MMG Limited has announced a revision of the annual cap for its Rosebery Concentrate Sales Agreement with Minmetals North-Europe due to higher than expected prices for copper, gold, and silver. The revised cap for 2025 is set at US$125 million, up from the previous US$100 million, reflecting the company’s adaptation to market conditions. This agreement, classified as a continuing connected transaction, requires compliance with specific reporting and announcement rules but is exempt from independent shareholders’ approval due to its percentage ratios.
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 deals with the extraction and sale of minerals such as copper, gold, and silver, focusing on international markets.
Average Trading Volume: 66,888,075
Technical Sentiment Signal: Buy
Current Market Cap: HK$102.8B
For an in-depth examination of 1208 stock, go to TipRanks’ Overview page.