News: MMG Posts HY Revenue $1,918.2 Million

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    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
 
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