Australia's Metro Mining slips on lowering 2025 output forecast

Metro Mining

16/10/2025 01:59

** Metro Mining MMI.AX slips as much as 15.9% to A$0.07; set for biggest intraday pct fall since August 5, 2024

** Bauxite explorer lowers its production outlook for 2025 to 6.2-6.6 million wet metric tonnes from 6.5-7 million WMT due to shipments below plan in Q2 and Q3, outage at barge loading facility that interrupted ops for 4 days this month

** Co posts record quarterly shipped tonnage of 2.25 million WMT in Q3, up 6% y/y; but combined shipments for Q2, Q3 ~8% below plan

** Around 26.2 mln shares traded, ~1.4x the 30-day average

** YTD, MMN gains 23.3%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))