Metro Mining Limited (AU:MMI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Metro Mining Limited has reported a record-breaking second quarter, with shipments reaching 1.42 million WMT, a 12% increase from the previous year. The quarter marked significant progress in their 7 million WMT per annum expansion project, with key components such as the Ikamba Floating Terminal and a new wobbler screen circuit becoming operational. The company is also preparing for the arrival of additional offshore support with the Mandang tug scheduled to join the fleet in August.
For further insights into AU:MMI stock, check out TipRanks’ Stock Analysis page.