Metro Mining Posts Higher Bauxite Shipment in Q2; Shares Down 4%
MT Newswires Live
Jul 30
Metro Mining (ASX:MMI) shipped 1.8 million wet metric tonnes (WMT) of bauxite in the second quarter, up on last year's 1.7 million WMT, according to a Thursday filing with the Australian bourse.
The company mined 1.9 million WMT of bauxite during the quarter, also up on last year's 1.7 million WMT, the filing said.
The company reaffirmed its shipment guidance of 6.6 million to 7.1 million WMT for the year, per the filing.
Shares fell nearly 4% in midday trade Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.