On October 22, MMG fell 7.3% in Regular Trading, trading at HK$6.935, with turnover of HK$310 million.

The main catalyst was the company’s latest production update, which showed third-quarter total copper output rose 3% year over year to 131,200 tonnes, but full-year guidance was cut for both the Khoemacau copper mine and the Rosebery zinc mine, sharpening concerns about near-term earnings pressure.

Details indicate Khoemacau’s full-year copper production guidance was lowered by 9% to 10%, while Rosebery’s zinc guidance was reduced by 29% to 33%. Rosebery was affected by mining constraints following a July earthquake. At the same time, Las Bambas copper output fell 3% year over year due to lower ore grade and recovery rates. Although Kinsevere benefited from improved power supply, sulfide circuit ramp-up, and a recent electrowinning workshop equipment upgrade, the market reaction appears more focused on the guidance downgrade.

(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.)