On October 16, MMG fell 3.24% in Regular Trading, trading at HK$7.605, with turnover of HK$77.98 million.

The move followed the company’s third-quarter production update, which showed mixed output trends and lower full-year guidance at some operations, raising concerns over delivery pace at specific mines.

Group copper output rose 3% year over year to 131,200 tonnes, while zinc output fell 5% to 55,900 tonnes. Khoemacau lowered its full-year copper guidance due to development constraints, and Rosebery cut zinc guidance after a seismic event. Although Kinsevere’s copper cathode production is expected to land at the upper end of its 65,000-75,000 tonne guidance range, the market appears more focused on operational disruptions at individual assets and the implications for subsequent production execution.

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