On August 11, MMG declined 3.16% in regular trading, trading at HK$9.025/share, with turnover of HK$198 million. The drop coincided with the company's release of interim results for the six months ended June 30, amid broad-based weakness across the diversified metals and mining sector.

On the news front, MMG published its mid-year earnings on the same day, while the sector faced collective selling pressure. Zijin Mining fell 5.11%, CMOC dropped 3.97%, and Wanguo Gold Group declined 4.39%. The company's previously disclosed Q2 operational data showed total copper production of 137,843 tons, largely flat year-over-year, with Las Bambas copper-in-concentrate output down 5% compared to the prior year period. Morgan Stanley had noted that Las Bambas output remains on track for the full-year guidance of 380,000 to 400,000 tons, while Citi recently initiated a 30-day positive catalyst watch with a Buy rating and HK$11.2 target price.

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