Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
China Nonferrous Mining Corp. Ltd. ( (HK:1258) ) has issued an announcement.
China Nonferrous Mining Corporation Limited has announced a significant increase in its profit for the year 2024, expected to reach approximately US$400 million, a 44% rise compared to the previous year. This growth is attributed mainly to the increase in international copper prices. Additionally, the company has provided production guidance for 2025, forecasting a total copper output of 540,000 tonnes, alongside substantial production of sulphuric acid, cobaltous hydroxide, and liquid sulphur dioxide, indicating a strong operational outlook and potential positive impact on stakeholders.
More about China Nonferrous Mining Corp. Ltd.
China Nonferrous Mining Corporation Limited is a company engaged in the mining and production of non-ferrous metals, primarily focusing on copper. The company operates mines and smelters to produce copper cathodes, blister copper, copper anodes, sulphuric acid, cobaltous hydroxide, and liquid sulphur dioxide.
YTD Price Performance: -1.59%
Average Trading Volume: 2,400
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €2.49B
For a thorough assessment of 1258 stock, go to TipRanks’ Stock Analysis page.
