On October 23, MMG fell 3.49% in regular trading, with the stock trading at HK$6.8 and turnover of HK$30.10 million.

The move came as the market continued to digest the company’s latest production update, which lowered full-year guidance for both Khoemacau and Rosebery.

MMG’s latest disclosure showed third-quarter total copper output rose 3% year over year to 131,200 tonnes, supported by Kinsevere as power supply improved and the sulfide processing line ramped up. However, full-year copper guidance for Khoemacau was cut by 9% to 10%, while Rosebery zinc guidance was reduced by 29% to 33%. Rosebery was affected by mining constraints after a July earthquake, and Las Bambas output was also weighed down by lower ore grade and recovery rates, leaving investors focused on the earnings pressure implied by the guidance cuts.

(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.)