View Financial HealthMMG 配当と自社株買い配当金 基準チェック /06MMG配当金を支払った記録がありません。主要情報0%配当利回り-4.1%バイバック利回り総株主利回り-4.1%将来の配当利回り0%配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向0%最近の配当と自社株買いの更新更新なしすべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Ying Chen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Mar 03MMG Limited, Annual General Meeting, May 28, 2026MMG Limited, Annual General Meeting, May 28, 2026.お知らせ • Jan 27+ 2 more updatesMMG Limited to Report Fiscal Year 2025 Results on Mar 03, 2026MMG Limited announced that they will report fiscal year 2025 results on Mar 03, 2026お知らせ • Jan 22MMG Limited Provides Production Guidance for the Full Year 2025MMG Limited provided production guidance for the full year 2025. For the year, the company expects Las Bambas is targeting 400,000 tonnes of copper production, with a guided range of 380,000 tonnes 400,000 tonnes. C1 Costs for 2026 are anticipated to range between USD 1.20/lb and USD 1.40/lb. Copper production at Kinsevere is expected to range between 65,000 tonnes and 75,000 tonnes, with a focus on stabilising operations and implementing a Battery Energy Storage System (BESS) to reduce the impacts from the frequent power trips. C1 costs for 2026 are guided at USD 2.50/lb USD 2.90/lb. Copper production at Khoemacau is expected to range between 48,000 tonnes and 53,000 tonnes in copper concentrate, supported by planned access to higher-grade zones in Zone 5 North and enhanced mine development. C1 costs for 2026 are expected to be USD 2.00/lb USD 2.30/lb. Zinc production at Dugald River is expected to range between 170,000 tonnes and 180,000 tonnes in zinc concentrate, slightly below the record production set in 2025 due to the mine's progression at depth and weather-related challenges. C1 costs for 2026 are projected at USD 0.80/lb USD 0.95/lb. Zinc production at Rosebery is expected to range between 45,000 tonnes and 55,000 tonnes in zinc concentrate, with zinc equivalent production expected at 125,000 tonnes 140,000 tonnes. The mine's C1 costs for 2026 are forecast to range from negative USD 0.60/lb to negative USD 0.10/lb.お知らせ • Jun 06MMG Limited to Report First Half, 2025 Results on Aug 12, 2025MMG Limited announced that they will report first half, 2025 results on Aug 12, 2025お知らせ • Mar 28MMG Limited to Report Fiscal Year 2024 Results on Apr 24, 2025MMG Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Apr 24, 2025お知らせ • Mar 18+ 1 more updateMMG Limited Announces CEO ChangesThe board of directors of MMG Limited announced that Mr. Cao Liang will resign as the Chief Executive Officer (CEO) of the Company with effect from 11 April 2025, to commence a senior executive role with China Minmetals Non-ferrous Metals Co. Ltd. in Beijing. Mr. Cao will remain on the Board of the Company and will be re-designated from an Executive Director to a Non-executive Director and will be appointed as a member of the Governance, Remuneration, Nomination and Sustainability Committee (GRNS Committee) and the Audit and Risk Management Committee (ARM Committee) with effect from 12 April 2025. The Board announced the appointment of Mr. Zhao Jing Ivo as the CEO with effect from 12 April 2025. Mr. Zhao, aged 41, was appointed as the Executive General Manager Operations Americas of the Company with effect from 1 September 2024 following the appointment as the Interim Executive General Manager Operations Americas on 1 June 2024. He was the Vice President of Sustainability & Corporate Affairs of Minera Las Bambas S.A., a non-wholly owned subsidiary of the Company from 2022 to 2024. Mr. Zhao was the Deputy Director of the International Cooperation Division of China Minmetals Corporation from 2020 to 2021. He has nearly 20 years extensive practical experience in international management and is proficient in dealing with stakeholder relations in the mining industry. Mr. Zhao holds a Bachelor's Degree in Spanish Language from the Beijing Language Culture University and a Master's Degree in Business Administration from Université du Québec à Montréal.お知らせ • Mar 04MMG Limited, Annual General Meeting, May 22, 2025MMG Limited, Annual General Meeting, May 22, 2025.お知らせ • Jan 23MMG Limited to Report Fiscal Year 2024 Results on Mar 04, 2025MMG Limited announced that they will report fiscal year 2024 results on Mar 04, 2025Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$2.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 10% over the past three years.Reported Earnings • Sep 21First half 2024 earnings released: EPS: US$0.002 (vs US$0.007 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.007 loss in 1H 2023). Revenue: US$1.92b (up 1.2% from 1H 2023). Net income: US$21.1m (up US$79.9m from 1H 2023). Profit margin: 1.1% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.お知らせ • Sep 13MMG Limited to Report First Half, 2024 Results on Sep 19, 2024MMG Limited announced that they will report first half, 2024 results on Sep 19, 2024お知らせ • Aug 23MMG Limited Appoints Jing Zhao (Ivo) as Executive General Manager Americas, Effective 1 September 2024The board of directors of MMG Limited (Company) refers to the announcement made on 31 May 2024 with regard to the resignation of Mr. Jianxian Wei as Executive General Manager Americas (EGM Americas) and the appointment of Mr. Jing Zhao (Ivo) (Mr. Zhao) to the position of Interim EMG Americas with effect from 1 June 2024. The Board announced that Mr. Zhao has been appointed as the EMG Americas with effect from 1 September 2024. Prior to his appointment as the EGM Americas, Mr. Zhao was the Vice President of Sustainability & Corporate Affairs at Minera Las Bambas S.A., a non-wholly owned subsidiary of the Company since 2022. Mr. Zhao was also the Deputy Director of the International Cooperation Division of China Minmetals Corporation from 2020 to 2021. He has nearly 20 years extensive practical experience in international management and is proficient in dealing with stakeholder relations in the mining industry. Mr. Zhao holds a Bachelor's Degree in Spanish Language from the Beijing Language Culture University and a Master's Degree in Business Administration from Université du Québec à Montréal.Reported Earnings • Aug 16First half 2024 earnings released: EPS: US$0.002 (vs US$0.007 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.007 loss in 1H 2023). Revenue: US$1.92b (up 1.2% from 1H 2023). Net income: US$21.1m (up US$79.9m from 1H 2023). Profit margin: 1.1% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.お知らせ • Jul 24MMG Limited Provides Production Guidance for the Full Year 2024MMG Limited provided production guidance for the full year 2024. The previous production guidance for Las Bambas, set at 280,000 to 320,000 tonnes of copper in 2024, remains unchanged. Actual production is expected to be towards the higher end of this range. Kinsevere copper cathode production guidance for 2024 remains unchanged within the range of 39,000 to 44,000 tonnes. In line with prior guidance, Khoemacau copper production for the full year of 2024 is expected to be between 40,000 and 50,000 tonnes (30,500 40,500 tonnes from 23 March 2024). Rosebery's zinc production guidance for 2024 remains within 50,000 to 60,000 tonnes, with zinc equivalent production projected between 115,000 to 130,000 tonnes.New Risk • Jul 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 40% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding).お知らせ • Jun 13MMG Limited to Report First Half, 2024 Results on Aug 13, 2024MMG Limited announced that they will report first half, 2024 results on Aug 13, 2024New Risk • Jun 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 40% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding).Board Change • Apr 29Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Peter Chan was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 25Full year 2023 earnings released: EPS: US$0.001 (vs US$0.02 in FY 2022)Full year 2023 results: EPS: US$0.001 (down from US$0.02 in FY 2022). Revenue: US$4.35b (up 34% from FY 2022). Net income: US$9.00m (down 95% from FY 2022). Profit margin: 0.2% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Production and reserves: Copper Production: 0.303 Mt (0.256 Mt in FY 2022) Proved and probable reserves (ore): 787.2 Mt (852.1 Mt in FY 2022) Number of mines: 3 (2 in FY 2022) Zinc Production: 0.203 Mt (0.225 Mt in FY 2022) Proved and probable reserves (ore): 24.5 Mt (27.5 Mt in FY 2022) Number of mines: 2 (2 in FY 2022) Lead Production: 39,054 t (38,946 t in FY 2022) Proved and probable reserves (ore): 24.5 Mt (27.5 Mt in FY 2022) Number of mines: 2 (2 in FY 2022) Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • Apr 25+ 1 more updateMMG Limited Announces Board ChangesThe board of directors (Board) of MMG Limited announced that Mr. Li Liangang (Mr. Li) resigned as the Interim Chief Executive Officer (CEO) and an executive director (Executive Director) of the Company with effect from 24 April 2024 due to his decision to take a career break to consider retirement. The Board also announces that Mr. Cao Liang (Mr. Cao) has been appointed as the CEO and an Executive Director of the Company, with effect from 24 April 2024. Mr. Cao, aged 44, was previously the Vice President of China Minmetals Nonferrous Metals Co. Ltd. and the Vice President/Chief of Staff of Minera Las Bambas S.A. at the Company. He has a Bachelor's Degree in Resources Engineering and a Master's Degree in Mining Engineering from the University of Science and Technology Beijing in China. Mr. Cao has nearly 20 years' experience in international mining investment and strategy. He also has a deep understanding of international mining project management and mine operations. Further, he has collaborated with and has had experience with different stakeholders in China, Peru and Australia. Mr. Cao has participated in mining acquisitions and divestments and mining project construction for China Minmetals Nonferrous Metals Co. Ltd. and MMG. As a result of the above changes of Executive Director and CEO of the Company, Mr. Li has resigned from the executive committee of the Company (Executive Committee). Mr. Cao has been appointed to be a member of the Executive Committee. The changes in relation to the Executive Committee will take effect from 24 April 2024.お知らせ • Mar 06MMG Limited, Annual General Meeting, May 23, 2024MMG Limited, Annual General Meeting, May 23, 2024.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: US$0.001 (vs US$0.02 in FY 2022)Full year 2023 results: EPS: US$0.001 (down from US$0.02 in FY 2022). Revenue: US$4.34b (up 34% from FY 2022). Net income: US$9.00m (down 95% from FY 2022). Profit margin: 0.2% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.お知らせ • Jan 23+ 1 more updateMMG Limited Announces Retirement of Ross Carroll as Chief Financial Officer, with Effect from 6th March 2024The board of directors (Board) of MMG Limited announced that the current Chief Financial Officer (CFO), Mr. Ross Carroll, has notified the Company of his retirement from the role of CFO with effect from 6 March 2024 and that he will depart MMG on 1 July 2024 in order to assist with the transition. Mr. Carroll was appointed as CFO of the Company in December 2015.Valuation Update With 7 Day Price Move • Jan 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$1.98, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 46% over the past three years.お知らせ • Jan 08MMG Limited to Report Fiscal Year 2023 Results on Mar 05, 2024MMG Limited announced that they will report fiscal year 2023 results on Mar 05, 2024お知らせ • Oct 27MMG Limited Provides Production Guidance for the Full Year 2023MMG Limited provided production guidance for the full year 2023. The company's revised full-year copper production guidance is now anticipated to be in the range of 328,000 to 353,000 tonnes, at the higher end of the previous guidance, primarily due to the stability in operations at Las Bambas since March. The full-year zinc production guidance is now expected to be between 188,000 and 203,000 tonnes, at the lower end of the previous guidance. This is primarily due to challenges faced with mining at depth at Rosebery and its lower than planned milled ore grades resulting from the mining sequence.お知らせ • Aug 19MMG Limited Appoints Xu Jiqing as ChairmanThe board of directors of MMG Limited announced that the appointment of Mr. Xu Jiqing, currently a Non-executive Director, as the chairman of the Board with effect from 18 August 2023. Mr. Xu, aged 55, was re-designated from an Executive Director to a Non-executive Director of the Company in January 2020. Prior to his redesignation, he was an Executive Director and Executive General Manager of the Company from May 2013 to December 2019 with responsibility for various areas, most recently China Relations, Marketing and Supply. Mr. Xu was also a Non- executive Director of the Company from May 2009 to May 2013. He is a member of the Company's Audit and Risk Management Committee and the Governance, Remuneration, Nomination and Sustainability Committee. Mr. Xu was appointed as President of China Minmetals Non-ferrous Metals Company Limited (CMN) in January 2020. He has been a director of CMN since February 2016. Mr. Xu holds a Bachelor's degree in Accounting from the University of International Business and Economics in the People's Republic of China (PRC), and a Master's degree in Business Administration from Saint Mary's University in Canada. He is a qualified senior accountant in the PRC, a fellowship member of the Certified General Accountants Association of Canada and a chartered professional accountant member of the Chartered Professional Accountants of British Columbia, Canada. Mr. Xu has extensive experience in strategic planning, accounting, marketing and corporate financial and risk management. Mr. Xu joined the China Minmetals Corporation Group in 1991, holding a number of management roles from 1997 in various Finance departments. He was the Vice President and Chief Financial Officer of CMN between 2005 and 2013.Reported Earnings • Aug 17First half 2023 earnings released: US$0.007 loss per share (vs US$0.009 profit in 1H 2022)First half 2023 results: US$0.007 loss per share (down from US$0.009 profit in 1H 2022). Revenue: US$1.90b (up 35% from 1H 2022). Net loss: US$58.8m (down 174% from profit in 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 14MMG Limited Provides Exploration Update for the Las Bambas and Rosebery MinesThe board of directors (Board) of MMG Limited provided the exploration update for the Las Bambas and Rosebery mines. The report is annexed to this announcement. By order of the Board. MMG Limited. MMG operates the Las Bambas copper mine in Peru and the Rosebery Mine in Tasmania, Australia. Las Bambas is a joint venture project between the operator MMG (62.5%), a wholly owned subsidiary of Guoxin International Investment Co. Ltd. (22.5%) and CITIC Metal Co. Ltd. (15.0%). Rosebery is 100% owned and operated by MMG Limited. MMG wishes to provide an update to the Hong Kong Stock Exchange on progress with exploration activities on both Las Bambas and Roseberry. This report of exploration results is voluntary and is made in accordance with the JORC Code (2012). The complete report including the "Table 1 Checklist of Assessment and Reporting Criteria" required by the JORC Code (2012) can be found on the MMG website at the following address. Ferrobamba Deeps, Las Bambas. Deep drilling below the current Ferrobamba pit has been successful at defining the depth extension and continuity of skarn and porphyry mineralisation beneath the 2022 Ore Reserve pit design. It is now recognised that potential for large tonnage 0.4% to 0.6% Cu, 200 to 500 ppm Mo, 2g/t to 4g/t Ag and 0.04g/t to 0.08g/t Au grade deposit may exist at Ferrobamba Deeps. The positive drill results received in the 2022 program are supporting ongoing studies and further drilling is planned for 2023 and 2024 to evaluate the mineralisation and determine potential mining methods including expansion of the open pit and /or an underground development. Mineralisation at Ferrobamba occurs in semicontinuous zones which are distributed around the central porphyry stocks. The Ferrobamba Deeps mineralisation, which has been intersected up to 700m below the Ore Reserve pit, has been divided into five zones.Valuation Update With 7 Day Price Move • Jul 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$2.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 41% over the past three years.お知らせ • Jun 16MMG Limited to Report First Half, 2023 Results on Aug 15, 2023MMG Limited announced that they will report first half, 2023 results on Aug 15, 2023Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 37%After last week's 37% share price gain to HK$3.14, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 123% over the past three years.Reported Earnings • Mar 08Full year 2022 earnings released: EPS: US$0.02 (vs US$0.079 in FY 2021)Full year 2022 results: EPS: US$0.02 (down from US$0.079 in FY 2021). Revenue: US$3.25b (down 24% from FY 2021). Net income: US$172.4m (down 74% from FY 2021). Profit margin: 5.3% (down from 16% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 01MMG Limited Provides Production Guidance for the Year 2023MMG Limited provided production guidance for the year 2023. For the year 2023, Las Bambas copper production for 2023 is expected to be in the range of 265,000 and 305,000 tonnes. Kinsevere copper cathode production for 2023 is expected to be in the range of 40,000 and 48,000 tonnes. Dugald River zinc production for 2023 is expected to be in the range of 170,000 and 185,000 tonnes of zinc in zinc concentrate. Rosebery zinc production for 2023 is expected to be in the range of 55,000 and 65,000 tonnes of zinc in zinc concentrate.お知らせ • Jan 20MMG Limited to Report Fiscal Year 2022 Results on Mar 07, 2023MMG Limited announced that they will report fiscal year 2022 results on Mar 07, 2023Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to HK$2.32, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 7.9% over the past three years.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Cheuk Yan Leung was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to HK$1.95, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 13% over the past three years.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$1.68, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1.8% over the past three years.Reported Earnings • Aug 20First half 2022 earnings released: EPS: US$0.009 (vs US$0.049 in 1H 2021)First half 2022 results: EPS: US$0.009 (down from US$0.049 in 1H 2021). Revenue: US$1.41b (down 42% from 1H 2021). Net income: US$79.5m (down 80% from 1H 2021). Profit margin: 5.6% (down from 16% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 29%, compared to a 2.8% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 29Full year 2021 earnings released: EPS: US$0.079 (vs US$0.008 loss in FY 2020)Full year 2021 results: EPS: US$0.079 (up from US$0.008 loss in FY 2020). Revenue: US$4.26b (up 40% from FY 2020). Net income: US$667.1m (up US$731.8m from FY 2020). Profit margin: 16% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Production and reserves: Copper Production: 0.292 Mt (0.313 Mt in FY 2020) Proved and probable reserves (ore): 866.1 Mt (885 Mt in FY 2020) Number of mines: 2 (2 in FY 2020) Zinc Production: 0.25 Mt (0.245 Mt in FY 2020) Proved and probable reserves (ore): 30.1 Mt (32.6 Mt in FY 2020) Number of mines: 2 (2 in FY 2020) Lead Production: 45,414 t (47,119 t in FY 2020) Proved and probable reserves (ore): 30.1 Mt (32.6 Mt in FY 2020) Number of mines: 2 (2 in FY 2020) Over the next year, revenue is forecast to grow 8.5%, compared to a 23% growth forecast for the mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Cheuk Yan Leung was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improved over the past weekAfter last week's 20% share price gain to HK$3.83, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 5.8% over the past three years.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to HK$3.25, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 1.5% over the past three years.Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$3.03, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 2.3% over the past three years.Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$2.72, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 18% over the past three years.Valuation Update With 7 Day Price Move • Dec 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to HK$2.30, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 30% over the past three years.Board Change • Dec 04Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jiaqiang Chen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.決済の安定と成長配当データの取得安定した配当: 1208の 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: 1208の配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場MMG 配当利回り対市場1208 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (1208)0%市場下位25% (HK)2.7%市場トップ25% (HK)6.9%業界平均 (Metals and Mining)2.9%アナリスト予想 (1208) (最長3年)0%注目すべき配当: 1208は最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: 1208は最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: 1208 Hong Kong市場において目立った配当金を支払っていません。株主配当金キャッシュフローカバレッジ: 1208が配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YHK 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 07:05終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋MMG Limited 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。24 アナリスト機関Ephrem RaviBarclaysAleksandra BukachevaBMO Capital Markets Equity ResearchMiriam ChanBofA Global Research21 その他のアナリストを表示
Board Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Ying Chen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Mar 03MMG Limited, Annual General Meeting, May 28, 2026MMG Limited, Annual General Meeting, May 28, 2026.
お知らせ • Jan 27+ 2 more updatesMMG Limited to Report Fiscal Year 2025 Results on Mar 03, 2026MMG Limited announced that they will report fiscal year 2025 results on Mar 03, 2026
お知らせ • Jan 22MMG Limited Provides Production Guidance for the Full Year 2025MMG Limited provided production guidance for the full year 2025. For the year, the company expects Las Bambas is targeting 400,000 tonnes of copper production, with a guided range of 380,000 tonnes 400,000 tonnes. C1 Costs for 2026 are anticipated to range between USD 1.20/lb and USD 1.40/lb. Copper production at Kinsevere is expected to range between 65,000 tonnes and 75,000 tonnes, with a focus on stabilising operations and implementing a Battery Energy Storage System (BESS) to reduce the impacts from the frequent power trips. C1 costs for 2026 are guided at USD 2.50/lb USD 2.90/lb. Copper production at Khoemacau is expected to range between 48,000 tonnes and 53,000 tonnes in copper concentrate, supported by planned access to higher-grade zones in Zone 5 North and enhanced mine development. C1 costs for 2026 are expected to be USD 2.00/lb USD 2.30/lb. Zinc production at Dugald River is expected to range between 170,000 tonnes and 180,000 tonnes in zinc concentrate, slightly below the record production set in 2025 due to the mine's progression at depth and weather-related challenges. C1 costs for 2026 are projected at USD 0.80/lb USD 0.95/lb. Zinc production at Rosebery is expected to range between 45,000 tonnes and 55,000 tonnes in zinc concentrate, with zinc equivalent production expected at 125,000 tonnes 140,000 tonnes. The mine's C1 costs for 2026 are forecast to range from negative USD 0.60/lb to negative USD 0.10/lb.
お知らせ • Jun 06MMG Limited to Report First Half, 2025 Results on Aug 12, 2025MMG Limited announced that they will report first half, 2025 results on Aug 12, 2025
お知らせ • Mar 28MMG Limited to Report Fiscal Year 2024 Results on Apr 24, 2025MMG Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Apr 24, 2025
お知らせ • Mar 18+ 1 more updateMMG Limited Announces CEO ChangesThe board of directors of MMG Limited announced that Mr. Cao Liang will resign as the Chief Executive Officer (CEO) of the Company with effect from 11 April 2025, to commence a senior executive role with China Minmetals Non-ferrous Metals Co. Ltd. in Beijing. Mr. Cao will remain on the Board of the Company and will be re-designated from an Executive Director to a Non-executive Director and will be appointed as a member of the Governance, Remuneration, Nomination and Sustainability Committee (GRNS Committee) and the Audit and Risk Management Committee (ARM Committee) with effect from 12 April 2025. The Board announced the appointment of Mr. Zhao Jing Ivo as the CEO with effect from 12 April 2025. Mr. Zhao, aged 41, was appointed as the Executive General Manager Operations Americas of the Company with effect from 1 September 2024 following the appointment as the Interim Executive General Manager Operations Americas on 1 June 2024. He was the Vice President of Sustainability & Corporate Affairs of Minera Las Bambas S.A., a non-wholly owned subsidiary of the Company from 2022 to 2024. Mr. Zhao was the Deputy Director of the International Cooperation Division of China Minmetals Corporation from 2020 to 2021. He has nearly 20 years extensive practical experience in international management and is proficient in dealing with stakeholder relations in the mining industry. Mr. Zhao holds a Bachelor's Degree in Spanish Language from the Beijing Language Culture University and a Master's Degree in Business Administration from Université du Québec à Montréal.
お知らせ • Mar 04MMG Limited, Annual General Meeting, May 22, 2025MMG Limited, Annual General Meeting, May 22, 2025.
お知らせ • Jan 23MMG Limited to Report Fiscal Year 2024 Results on Mar 04, 2025MMG Limited announced that they will report fiscal year 2024 results on Mar 04, 2025
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$2.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 10% over the past three years.
Reported Earnings • Sep 21First half 2024 earnings released: EPS: US$0.002 (vs US$0.007 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.007 loss in 1H 2023). Revenue: US$1.92b (up 1.2% from 1H 2023). Net income: US$21.1m (up US$79.9m from 1H 2023). Profit margin: 1.1% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 13MMG Limited to Report First Half, 2024 Results on Sep 19, 2024MMG Limited announced that they will report first half, 2024 results on Sep 19, 2024
お知らせ • Aug 23MMG Limited Appoints Jing Zhao (Ivo) as Executive General Manager Americas, Effective 1 September 2024The board of directors of MMG Limited (Company) refers to the announcement made on 31 May 2024 with regard to the resignation of Mr. Jianxian Wei as Executive General Manager Americas (EGM Americas) and the appointment of Mr. Jing Zhao (Ivo) (Mr. Zhao) to the position of Interim EMG Americas with effect from 1 June 2024. The Board announced that Mr. Zhao has been appointed as the EMG Americas with effect from 1 September 2024. Prior to his appointment as the EGM Americas, Mr. Zhao was the Vice President of Sustainability & Corporate Affairs at Minera Las Bambas S.A., a non-wholly owned subsidiary of the Company since 2022. Mr. Zhao was also the Deputy Director of the International Cooperation Division of China Minmetals Corporation from 2020 to 2021. He has nearly 20 years extensive practical experience in international management and is proficient in dealing with stakeholder relations in the mining industry. Mr. Zhao holds a Bachelor's Degree in Spanish Language from the Beijing Language Culture University and a Master's Degree in Business Administration from Université du Québec à Montréal.
Reported Earnings • Aug 16First half 2024 earnings released: EPS: US$0.002 (vs US$0.007 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.007 loss in 1H 2023). Revenue: US$1.92b (up 1.2% from 1H 2023). Net income: US$21.1m (up US$79.9m from 1H 2023). Profit margin: 1.1% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 24MMG Limited Provides Production Guidance for the Full Year 2024MMG Limited provided production guidance for the full year 2024. The previous production guidance for Las Bambas, set at 280,000 to 320,000 tonnes of copper in 2024, remains unchanged. Actual production is expected to be towards the higher end of this range. Kinsevere copper cathode production guidance for 2024 remains unchanged within the range of 39,000 to 44,000 tonnes. In line with prior guidance, Khoemacau copper production for the full year of 2024 is expected to be between 40,000 and 50,000 tonnes (30,500 40,500 tonnes from 23 March 2024). Rosebery's zinc production guidance for 2024 remains within 50,000 to 60,000 tonnes, with zinc equivalent production projected between 115,000 to 130,000 tonnes.
New Risk • Jul 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 40% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding).
お知らせ • Jun 13MMG Limited to Report First Half, 2024 Results on Aug 13, 2024MMG Limited announced that they will report first half, 2024 results on Aug 13, 2024
New Risk • Jun 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 40% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding).
Board Change • Apr 29Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Peter Chan was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 25Full year 2023 earnings released: EPS: US$0.001 (vs US$0.02 in FY 2022)Full year 2023 results: EPS: US$0.001 (down from US$0.02 in FY 2022). Revenue: US$4.35b (up 34% from FY 2022). Net income: US$9.00m (down 95% from FY 2022). Profit margin: 0.2% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Production and reserves: Copper Production: 0.303 Mt (0.256 Mt in FY 2022) Proved and probable reserves (ore): 787.2 Mt (852.1 Mt in FY 2022) Number of mines: 3 (2 in FY 2022) Zinc Production: 0.203 Mt (0.225 Mt in FY 2022) Proved and probable reserves (ore): 24.5 Mt (27.5 Mt in FY 2022) Number of mines: 2 (2 in FY 2022) Lead Production: 39,054 t (38,946 t in FY 2022) Proved and probable reserves (ore): 24.5 Mt (27.5 Mt in FY 2022) Number of mines: 2 (2 in FY 2022) Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 25+ 1 more updateMMG Limited Announces Board ChangesThe board of directors (Board) of MMG Limited announced that Mr. Li Liangang (Mr. Li) resigned as the Interim Chief Executive Officer (CEO) and an executive director (Executive Director) of the Company with effect from 24 April 2024 due to his decision to take a career break to consider retirement. The Board also announces that Mr. Cao Liang (Mr. Cao) has been appointed as the CEO and an Executive Director of the Company, with effect from 24 April 2024. Mr. Cao, aged 44, was previously the Vice President of China Minmetals Nonferrous Metals Co. Ltd. and the Vice President/Chief of Staff of Minera Las Bambas S.A. at the Company. He has a Bachelor's Degree in Resources Engineering and a Master's Degree in Mining Engineering from the University of Science and Technology Beijing in China. Mr. Cao has nearly 20 years' experience in international mining investment and strategy. He also has a deep understanding of international mining project management and mine operations. Further, he has collaborated with and has had experience with different stakeholders in China, Peru and Australia. Mr. Cao has participated in mining acquisitions and divestments and mining project construction for China Minmetals Nonferrous Metals Co. Ltd. and MMG. As a result of the above changes of Executive Director and CEO of the Company, Mr. Li has resigned from the executive committee of the Company (Executive Committee). Mr. Cao has been appointed to be a member of the Executive Committee. The changes in relation to the Executive Committee will take effect from 24 April 2024.
お知らせ • Mar 06MMG Limited, Annual General Meeting, May 23, 2024MMG Limited, Annual General Meeting, May 23, 2024.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: US$0.001 (vs US$0.02 in FY 2022)Full year 2023 results: EPS: US$0.001 (down from US$0.02 in FY 2022). Revenue: US$4.34b (up 34% from FY 2022). Net income: US$9.00m (down 95% from FY 2022). Profit margin: 0.2% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 23+ 1 more updateMMG Limited Announces Retirement of Ross Carroll as Chief Financial Officer, with Effect from 6th March 2024The board of directors (Board) of MMG Limited announced that the current Chief Financial Officer (CFO), Mr. Ross Carroll, has notified the Company of his retirement from the role of CFO with effect from 6 March 2024 and that he will depart MMG on 1 July 2024 in order to assist with the transition. Mr. Carroll was appointed as CFO of the Company in December 2015.
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$1.98, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 46% over the past three years.
お知らせ • Jan 08MMG Limited to Report Fiscal Year 2023 Results on Mar 05, 2024MMG Limited announced that they will report fiscal year 2023 results on Mar 05, 2024
お知らせ • Oct 27MMG Limited Provides Production Guidance for the Full Year 2023MMG Limited provided production guidance for the full year 2023. The company's revised full-year copper production guidance is now anticipated to be in the range of 328,000 to 353,000 tonnes, at the higher end of the previous guidance, primarily due to the stability in operations at Las Bambas since March. The full-year zinc production guidance is now expected to be between 188,000 and 203,000 tonnes, at the lower end of the previous guidance. This is primarily due to challenges faced with mining at depth at Rosebery and its lower than planned milled ore grades resulting from the mining sequence.
お知らせ • Aug 19MMG Limited Appoints Xu Jiqing as ChairmanThe board of directors of MMG Limited announced that the appointment of Mr. Xu Jiqing, currently a Non-executive Director, as the chairman of the Board with effect from 18 August 2023. Mr. Xu, aged 55, was re-designated from an Executive Director to a Non-executive Director of the Company in January 2020. Prior to his redesignation, he was an Executive Director and Executive General Manager of the Company from May 2013 to December 2019 with responsibility for various areas, most recently China Relations, Marketing and Supply. Mr. Xu was also a Non- executive Director of the Company from May 2009 to May 2013. He is a member of the Company's Audit and Risk Management Committee and the Governance, Remuneration, Nomination and Sustainability Committee. Mr. Xu was appointed as President of China Minmetals Non-ferrous Metals Company Limited (CMN) in January 2020. He has been a director of CMN since February 2016. Mr. Xu holds a Bachelor's degree in Accounting from the University of International Business and Economics in the People's Republic of China (PRC), and a Master's degree in Business Administration from Saint Mary's University in Canada. He is a qualified senior accountant in the PRC, a fellowship member of the Certified General Accountants Association of Canada and a chartered professional accountant member of the Chartered Professional Accountants of British Columbia, Canada. Mr. Xu has extensive experience in strategic planning, accounting, marketing and corporate financial and risk management. Mr. Xu joined the China Minmetals Corporation Group in 1991, holding a number of management roles from 1997 in various Finance departments. He was the Vice President and Chief Financial Officer of CMN between 2005 and 2013.
Reported Earnings • Aug 17First half 2023 earnings released: US$0.007 loss per share (vs US$0.009 profit in 1H 2022)First half 2023 results: US$0.007 loss per share (down from US$0.009 profit in 1H 2022). Revenue: US$1.90b (up 35% from 1H 2022). Net loss: US$58.8m (down 174% from profit in 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 14MMG Limited Provides Exploration Update for the Las Bambas and Rosebery MinesThe board of directors (Board) of MMG Limited provided the exploration update for the Las Bambas and Rosebery mines. The report is annexed to this announcement. By order of the Board. MMG Limited. MMG operates the Las Bambas copper mine in Peru and the Rosebery Mine in Tasmania, Australia. Las Bambas is a joint venture project between the operator MMG (62.5%), a wholly owned subsidiary of Guoxin International Investment Co. Ltd. (22.5%) and CITIC Metal Co. Ltd. (15.0%). Rosebery is 100% owned and operated by MMG Limited. MMG wishes to provide an update to the Hong Kong Stock Exchange on progress with exploration activities on both Las Bambas and Roseberry. This report of exploration results is voluntary and is made in accordance with the JORC Code (2012). The complete report including the "Table 1 Checklist of Assessment and Reporting Criteria" required by the JORC Code (2012) can be found on the MMG website at the following address. Ferrobamba Deeps, Las Bambas. Deep drilling below the current Ferrobamba pit has been successful at defining the depth extension and continuity of skarn and porphyry mineralisation beneath the 2022 Ore Reserve pit design. It is now recognised that potential for large tonnage 0.4% to 0.6% Cu, 200 to 500 ppm Mo, 2g/t to 4g/t Ag and 0.04g/t to 0.08g/t Au grade deposit may exist at Ferrobamba Deeps. The positive drill results received in the 2022 program are supporting ongoing studies and further drilling is planned for 2023 and 2024 to evaluate the mineralisation and determine potential mining methods including expansion of the open pit and /or an underground development. Mineralisation at Ferrobamba occurs in semicontinuous zones which are distributed around the central porphyry stocks. The Ferrobamba Deeps mineralisation, which has been intersected up to 700m below the Ore Reserve pit, has been divided into five zones.
Valuation Update With 7 Day Price Move • Jul 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$2.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 41% over the past three years.
お知らせ • Jun 16MMG Limited to Report First Half, 2023 Results on Aug 15, 2023MMG Limited announced that they will report first half, 2023 results on Aug 15, 2023
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 37%After last week's 37% share price gain to HK$3.14, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 123% over the past three years.
Reported Earnings • Mar 08Full year 2022 earnings released: EPS: US$0.02 (vs US$0.079 in FY 2021)Full year 2022 results: EPS: US$0.02 (down from US$0.079 in FY 2021). Revenue: US$3.25b (down 24% from FY 2021). Net income: US$172.4m (down 74% from FY 2021). Profit margin: 5.3% (down from 16% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 01MMG Limited Provides Production Guidance for the Year 2023MMG Limited provided production guidance for the year 2023. For the year 2023, Las Bambas copper production for 2023 is expected to be in the range of 265,000 and 305,000 tonnes. Kinsevere copper cathode production for 2023 is expected to be in the range of 40,000 and 48,000 tonnes. Dugald River zinc production for 2023 is expected to be in the range of 170,000 and 185,000 tonnes of zinc in zinc concentrate. Rosebery zinc production for 2023 is expected to be in the range of 55,000 and 65,000 tonnes of zinc in zinc concentrate.
お知らせ • Jan 20MMG Limited to Report Fiscal Year 2022 Results on Mar 07, 2023MMG Limited announced that they will report fiscal year 2022 results on Mar 07, 2023
Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to HK$2.32, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 7.9% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Cheuk Yan Leung was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to HK$1.95, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 13% over the past three years.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$1.68, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 1.8% over the past three years.
Reported Earnings • Aug 20First half 2022 earnings released: EPS: US$0.009 (vs US$0.049 in 1H 2021)First half 2022 results: EPS: US$0.009 (down from US$0.049 in 1H 2021). Revenue: US$1.41b (down 42% from 1H 2021). Net income: US$79.5m (down 80% from 1H 2021). Profit margin: 5.6% (down from 16% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 29%, compared to a 2.8% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 29Full year 2021 earnings released: EPS: US$0.079 (vs US$0.008 loss in FY 2020)Full year 2021 results: EPS: US$0.079 (up from US$0.008 loss in FY 2020). Revenue: US$4.26b (up 40% from FY 2020). Net income: US$667.1m (up US$731.8m from FY 2020). Profit margin: 16% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Production and reserves: Copper Production: 0.292 Mt (0.313 Mt in FY 2020) Proved and probable reserves (ore): 866.1 Mt (885 Mt in FY 2020) Number of mines: 2 (2 in FY 2020) Zinc Production: 0.25 Mt (0.245 Mt in FY 2020) Proved and probable reserves (ore): 30.1 Mt (32.6 Mt in FY 2020) Number of mines: 2 (2 in FY 2020) Lead Production: 45,414 t (47,119 t in FY 2020) Proved and probable reserves (ore): 30.1 Mt (32.6 Mt in FY 2020) Number of mines: 2 (2 in FY 2020) Over the next year, revenue is forecast to grow 8.5%, compared to a 23% growth forecast for the mining industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Cheuk Yan Leung was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improved over the past weekAfter last week's 20% share price gain to HK$3.83, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 5.8% over the past three years.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to HK$3.25, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 1.5% over the past three years.
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$3.03, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 2.3% over the past three years.
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$2.72, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 18% over the past three years.
Valuation Update With 7 Day Price Move • Dec 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to HK$2.30, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 30% over the past three years.
Board Change • Dec 04Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jiaqiang Chen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.