Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
MMG ( (HK:1208) ) has provided an update.
MMG Limited has entered into the Dugald River Zinc Concentrate Sales Agreement with Minmetals North-Europe, a subsidiary of its ultimate controlling shareholder CMC. This agreement, which spans 2025 to 2027, involves the annual sale of approximately 100,000-120,000 dry metric tonnes of zinc concentrate. The transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules, subject to specific reporting and review requirements, but is exempt from independent shareholder approval. The agreement’s terms, including pricing and treatment charges, are negotiated annually and aligned with international market standards.
More about MMG
MMG Limited is a company incorporated in Hong Kong, operating in the mining industry, focusing on the extraction and sale of zinc concentrate. The company is involved in the production and distribution of mineral resources, with a market focus on smelting and trading companies in Asia and Australia.
YTD Price Performance: 11.53%
Average Trading Volume: 6,470
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.38B
Learn more about 1208 stock on TipRanks’ Stock Analysis page.
