The latest announcement is out from MMG ( (HK:1208) ).
MMG Limited announced its annual results for 2024, highlighting significant financial improvements and strategic advancements. The company reported a net profit after tax increase to US$366.0 million and a record-low gearing ratio of 41%, achieved through strategic financial initiatives. Key operational highlights include a 40% increase in total EBITDA to US$2,048.7 million, driven by strong performance across all mines and the successful integration of the Khoemacau asset. The Kinsevere Expansion Project achieved mechanical completion, and the company is progressing with a feasibility study for expanding Khoemacau’s copper production capacity. Despite these successes, the Board did not recommend a dividend payment for the period.
More about MMG
MMG Limited is a company incorporated in Hong Kong, operating in the mining industry. It focuses on the extraction and production of base metals, including copper, zinc, and lead, with key operations in Las Bambas, Kinsevere, Dugald River, and Rosebery. The company is also involved in strategic growth projects like the Khoemacau joint venture and the Kinsevere Expansion Project.
YTD Price Performance: 0.31%
Average Trading Volume: 4,480
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.54B
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