MMG Limited Reports Strong 2024 Financial Performance

MMG ( (MMLTF) ) has released its Q4 earnings. Here is a breakdown of the information MMG presented to its investors.

MMG Limited, a Hong Kong-incorporated company, operates in the mining sector, focusing on the extraction and production of base metals such as copper, zinc, and lead, with a strong emphasis on safety and sustainable growth. In its 2024 annual results, MMG reported a significant increase in net profit after tax to $366 million, driven by improved operational performance across all sites and strategic acquisitions, including the Khoemacau copper mine. The company’s EBITDA rose by 40% to $2,048.7 million, supported by higher commodity prices and increased production volumes. Key achievements include a record-low gearing ratio and the successful integration of Khoemacau, contributing to MMG’s robust financial position. Looking ahead, MMG plans to focus on business improvement and efficiency initiatives, with expected increases in copper and zinc production across its operations, alongside strategic investments such as the acquisition of Anglo American’s nickel business in Brazil.