On August 26, MMG rose 3.85% in regular trading, trading at HK$9.575/share, with turnover of HK$70.61 million.

On the news front, the company announced on August 24 that its Las Bambas mine and concentrator in Peru resumed operations on August 21, following a fatal accident on August 18 that caused two deaths and three injuries during pump replacement work at a purification pond approximately 9 kilometers from the concentrator. The mine was temporarily suspended as a precautionary measure.

Las Bambas produced approximately 410,000 tonnes of copper in 2025, representing around 2% of global supply. The rapid two-day turnaround effectively removed supply disruption concerns from the market. Morgan Stanley previously maintained an Overweight rating on MMG with a target price of HK$11.7, noting that Las Bambas output is expected to reach the upper end of its full-year guidance of 380,000-400,000 tonnes of copper-in-concentrate, with production and cost improvements set to drive earnings growth.

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