MMG (HK:1208) has released an update.
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MMG Limited has announced a net profit of US$79.5 million for the first half of 2024, reversing a net loss from the previous year, bolstered by increased net cash flow from operations and a successful Rights Issue, which raised over $1 billion. Despite an increase in workplace injury frequency rates, the acquisition of Khoemacau Mine and improved profitability in several of their operations, including Dugald River and Rosebery, have contributed to a robust financial performance. The company also emphasizes its commitment to maintaining positive relations with the communities and government of Peru.
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