Australia's Metro Mining hits 2-month high after starting production

Metro Mining

13/04/2023 03:25

** Shares of bauxite miner Metro Mining  MMI.AX  climb as
much as 14.3% to A$0.016, their highest level since Feb. 3
    ** Says it began production on March 30, and loading vessels
on April 6 
    ** Adds MMI has off-take contracts of up to 5 mln wet metric
tonnes (wmt) in 2023, on the way to a target of 6 mln to 7 mln
wmt for 2024
    ** Stock records best intraday gain since March 15
    ** Stock flat YTD, as of last close

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))