On August 5, MMG rose 6.16% in regular trading, reaching HKD 9.045 per share, with turnover of HKD 284 million. The rally was driven by broad strength in the non-ferrous metals sector combined with rising expectations ahead of the company's interim results announcement.

MMG is scheduled to hold a board meeting on August 11 to approve its interim results for the six months ended June 30, fueling market anticipation. The company reported Q2 copper production of 137,843 tonnes, up 8% quarter-over-quarter, while lowering C1 cash cost guidance at three mines due to strong by-product credits in the first half. Las Bambas output is expected to reach the upper end of its full-year guidance of 380,000-400,000 tonnes.

Sector peers posted strong gains, with CMOC up 7.53% and Ximei Resources up 9.07%. Institutional support remains firm, with BOCI reiterating a Buy rating with a target price of HKD 10.93, and Morgan Stanley maintaining Overweight with a target of HKD 11.7, both representing significant upside from the current level.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)