Brief: MMG Posts HY Revenue $1,918.2 Million

MMG

13/08/2024 14:27

Aug 13 (Reuters) - MMG Ltd  1208.HK :
    * HY REVENUE US$1,918.2  MILLION VERSUS US$1,896.2 MILLION
    * DID NOT RECOMMEND THE PAYMENT OF A DIVIDEND FOR HY
    * KINSEVERE COPPER CATHODE PRODUCTION GUIDANCE FOR 2024
REMAINS
UNCHANGED WITHIN THE RANGE OF  39,000 TO 44,000 TONNES
    * TOTAL CAPITAL EXPENDITURE IN 2024 NOW EXPECTED TO BE
BETWEEN
US$850 MILLION AND US$950  MILLION
    * C1 COSTS GUIDANCE FOR 2024 HAS BEEN INCREASED TO US$3.00 –
US$3.35/LB
    * DUGALD RIVER PLANT OPERATIONS RESUMED IN LATE JULY FROM
UNPLANNED MAINTENANCE SHUTDOWN DUE  TO AN ISSUE WITH BEARING
PADS
    * MAINTAIN CAPITAL EXPENDITURE FOR LAS BAMBAS BETWEEN US$400
MILLION AND US$450  MILLION FOR FY24
    * DUGALD RIVER ZINC PRODUCTION FOR 2024 SEEN TOWARDS LOWER 
END OF
PREVIOUSLY ISSUED GUIDANCE OF 175,000 TO 190,000 TONNES OF ZINC
    * LAS BAMBAS ANNUAL PRODUCTION IN 2024 IS EXPECTED TO BE
TOWARDS
THE HIGHER END OF PREVIOUSLY  SET GUIDANCE RANGE OF 280,000 TO
320,000 TONNES OF COPPER

Source text for Eikon:  ID:nHKS9tKbdW 
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