MMG (1208) 주식 개요투자 지주 회사인 MMG Limited는 광물 탐사, 개발 및 채굴에 종사하는 회사입니다. 자세히 보기1208 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장5/6과거 실적5/6재무 건전성3/6배당0/6강점공정 가치 추정치보다 낮은 70% 에서 거래수익은 매년 27.91% 증가할 것으로 예상됩니다.지난 1년간 수익이 214.6% 증가했습니다.분석가들은 주가가 62.3% 상승할 것이라는 데 동의합니다.위험 분석부채비율이 높네요모든 위험 점검 보기1208 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW496,749 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG496,749 investors already sharing narrativesYour Fair ValueHK$Current PriceHK$7.295.0% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-1b10b2016201920222025202620282031Revenue US$9.9bEarnings US$808.4mAdvancedSet Fair ValueView all narrativesMMG Limited 경쟁사Wanguo Gold GroupSymbol: SEHK:3939Market cap: HK$42.4bLygend Resources & TechnologySymbol: SEHK:2245Market cap: HK$23.7bXimei Resources HoldingSymbol: SEHK:9936Market cap: HK$7.1bXizang Zhihui MiningSymbol: SEHK:2546Market cap: HK$7.5b가격 이력 및 성과MMG 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가HK$7.2952주 최고가HK$11.9652주 최저가HK$3.48베타1.611개월 변동-17.16%3개월 변동-3.70%1년 변동87.40%3년 변동196.34%5년 변동103.06%IPO 이후 변동166.06%최근 뉴스 및 업데이트공시 • Jul 04MMG Limited Provides Exploration Results For Dugald River Wallaroo Copper ProspectMMG Limited provided the exploration update at Dugald River Mine. Since 2021, the MMG Dugald River team has drilled nineteen diamond holes totalling 13,688 metres into the Wallaroo Copper prospect (previously known as Target Z) as part of the Dugald River Copper Growth Program. Results from drilling at Wallaroo Copper have produced extensive anomalous copper and gold intersections in near mine hanging wall copper anomalies with nine of the nineteen holes drilled intersecting (>0.1% copper) mineralisation. Mineralisation is structurally controlled, consisting of discontinuous, fracture-fill, disseminated and massive chalcopyrite and pyrrhotite. The sulphides occur in moderately to intensively altered and folded host rocks of the Mount Roseby Corridor. The geological features observed in these intercepts are analogous to ‘orogenic’ copper deposits. Assays returned some exceptional elevated copper and gold. Mineralisation appears to be partly controlled by the lithological contact between the Mount Roseby Schist unit to the west and the Dugald slates to the east. The intersection of north-east and north-south trending structural features appear to influence the fracturing and brecciation of the altered and folded host units developing dilation and eventually leading to mineralisation. Significant assays include: DR646: 56.3m @ 0.50% Cu and 0.12g/t Au from 387.2m (incl 20.0m @ 0.99% Cu and 0.07g/t Au from 501.0m) 44m @ 0.58% Cu and 0.17g/t Au and 1078ppm Mo from 578.0m; DR662: 44.0m @ 0.50% Cu and 0.06g/t Au from 318.0m 147.0m @ 0.39% Cu and 0.06g/t Au from 390.0m (incl. 10.0m @ 1.57% Cu and 0.25g/t Au from 482.0m); DR663: 75.4m @ 0.41% Cu and 0.04g/t Au from 331.0m (incl. 7.4m @ 1.17% Cu and 0.08g/t Au from 335.9m) 17.0m @ 0.88% Cu and 0.12g/t Au from 592.0m 25.3m @ 0.61% Cu and 0.05g/t Au from 698.7m; DR664: 157.8m @ 2.02% Cu and 0.41g/t Au from 370.0m (incl. 63.8m @ 4.63% Cu and 0.97g/t Au from 464.0m) (incl. 7.1m @ 19.86% Cu and 2.13g/t Au and 1300ppm Co from 472.7m) (incl. 7.0m @ 4.57% Cu and 0.91g/t Au from 492.0m) 18.8m @ 0.70% Cu and 0.23g/t Au and 2566ppm Mo from 585.0m 50.0m @ 0.97% Cu and 0.10 g/t Au from 404.0m 63.0m @ 1.57% Cu and 0.80 g/t Au from 472.0m (incl. 6.9m @ 7.59% Cu and 2.72g/t Au from 480.0m) 97.1m @ 3.10 % Cu and 0.97 g/t Au from 393m (incl. 6.9m @ 19.93% Cu and 7.26g/t Au from 443.2m) (incl. 8.1m @ 10.13 % Cu and 2.60 g/t Au from 458.4) 143.1m @ 1.54 % Cu and 0.32 g/t Au from 371m (incl. 21m @ 3.39% Cu and 1.01g/t Au from 451.9m) (incl. 5.6m @ 10.03 % Cu and 1.15g/t Au from 483.4m) 18.0m @ 3.19 % Cu and 1.47 g/t Au from 527m (Incl 6.6m @ 5.11 % Cu and 1.94 g/t Au from 541m; DR665: DR681: DR681D1: DU4503: DU4504: 14m @ 2.23% Cu and 1.42 g/t Au from 541m. The drilling and exploration program at Dugald River has successfully delineated encouraging copper mineralisation within the broader tenement package surrounding the existing zinc-lead-silver operation. These results at Wallaroo underscore the substantial copper potential at Dugald River and demonstrate the prospectivity of the tenure for copper discoveries beyond the current primary zinc focus. MMG will continue to assess how best to maximise the value of its copper minerals at Dugald River going forward. This includes further evaluation of the exploration data, potential resource definition, and strategic options to unlock additional value for shareholders while maintaining strong operational performance at the existing zinc operation. The Dugald River Mineral System, including the Dugald River Zn-Pb-Ag ore deposit, is hosted in the Roseby Schist package located within the 3 to 4km wide north-south trending high-strain domain of the Mount Roseby Corridor. The Mount Roseby corridor lies in the northern half of the Mary Kathleen Domain, part of the Eastern succession of the Mount Isa Inlier. The Mount Roseby Corridor has experienced complex polyphase deformation and metamorphism, with at least four phases of deformation recorded in the rocks at Dugald River. This deformation resulted in widespread alteration and transposition of both stratigraphy and pre-existing structural fabrics. The Mount Roseby corridor is bordered to the west by the Knapdale Quartzite and the east by the Mount Rose Bee Fault. The Knapdale Quartzite forms a prominent range of hills within the local area. The Mount Roseby corridor is comprised of the Mount Roseby Schist Formation that includes the local hanging wall calc-silicates, Dugald River Slate package (host package of the Dugald Lode) and the Footwall Limestone. The slates and the footwall limestones are metasomatised from calcareous to carbonaceous. Overall, this package forms part of the Mount Albert Group. Copper (Cu) prospects are common around the greater Dugald River district. The Little Eva iron oxide-copper gold (IOCG) deposit, approximately 10 kilometres to the north of Dugald River Mine, is the largest and most well known in the local area. Other smaller prospects and plays occur close to Dugald including Blackard, Scanlon, Turkey Creek, Legend and Lady Clayre. These deposits make up the Eva Copper Project that is currently under development. Numerous local historic copper workings occur close to the Dugald River Zn-Pb-Ag lode. Historic copper workings along strike to the south follow the contact of the Dugald River slate and the metamorphosed calc-silicate unit of the Mount Roseby Schist. Wallaroo Flat and Godkin were some of the more advanced workings. Secondary copper minerals (e.g., malachite) occur in outcrop indicating a structural link to the surface and were clearly the target for early artisanal workings. Copper mineralisation is also persistent in the hanging wall adjacent to the Dugald River Zn-Pb-Ag lode. Massive to disseminated chalcopyrite occurs in the hanging wall of the South Mine. This mineralisation is often associated with gold and locally high in molybdenum. The second type occurs in the South Mine between the main lens and hanging wall lens with lower gold grades but with associated cobalt which is locally elevated (>1% cobalt). The hanging-wall copper-gold mineralisation occurs primarily as chalcopyrite within or at the mica schist contact but can extend into the mafic porphyry unit and folded black slate lithologies. The source of the copper in the hanging wall zones of Dugald River remain elusive. Previous efforts to determine the extent the copper mineralisation to the south had failed to intersect significant mineralisation.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$7.01, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 234% over the past three years.공시 • Jun 18MMG Limited has filed a Follow-on Equity Offering in the amount of HKD 6.268321 billion.MMG Limited has filed a Follow-on Equity Offering in the amount of HKD 6.268321 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 705,892,000 Price\Range: HKD 8.88 Transaction Features: Subsequent Direct ListingValuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$8.11, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 246% over the past three years.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.공시 • Mar 03MMG Limited, Annual General Meeting, May 28, 2026MMG Limited, Annual General Meeting, May 28, 2026.더 많은 업데이트 보기Recent updates공시 • Jul 04MMG Limited Provides Exploration Results For Dugald River Wallaroo Copper ProspectMMG Limited provided the exploration update at Dugald River Mine. Since 2021, the MMG Dugald River team has drilled nineteen diamond holes totalling 13,688 metres into the Wallaroo Copper prospect (previously known as Target Z) as part of the Dugald River Copper Growth Program. Results from drilling at Wallaroo Copper have produced extensive anomalous copper and gold intersections in near mine hanging wall copper anomalies with nine of the nineteen holes drilled intersecting (>0.1% copper) mineralisation. Mineralisation is structurally controlled, consisting of discontinuous, fracture-fill, disseminated and massive chalcopyrite and pyrrhotite. The sulphides occur in moderately to intensively altered and folded host rocks of the Mount Roseby Corridor. The geological features observed in these intercepts are analogous to ‘orogenic’ copper deposits. Assays returned some exceptional elevated copper and gold. Mineralisation appears to be partly controlled by the lithological contact between the Mount Roseby Schist unit to the west and the Dugald slates to the east. The intersection of north-east and north-south trending structural features appear to influence the fracturing and brecciation of the altered and folded host units developing dilation and eventually leading to mineralisation. Significant assays include: DR646: 56.3m @ 0.50% Cu and 0.12g/t Au from 387.2m (incl 20.0m @ 0.99% Cu and 0.07g/t Au from 501.0m) 44m @ 0.58% Cu and 0.17g/t Au and 1078ppm Mo from 578.0m; DR662: 44.0m @ 0.50% Cu and 0.06g/t Au from 318.0m 147.0m @ 0.39% Cu and 0.06g/t Au from 390.0m (incl. 10.0m @ 1.57% Cu and 0.25g/t Au from 482.0m); DR663: 75.4m @ 0.41% Cu and 0.04g/t Au from 331.0m (incl. 7.4m @ 1.17% Cu and 0.08g/t Au from 335.9m) 17.0m @ 0.88% Cu and 0.12g/t Au from 592.0m 25.3m @ 0.61% Cu and 0.05g/t Au from 698.7m; DR664: 157.8m @ 2.02% Cu and 0.41g/t Au from 370.0m (incl. 63.8m @ 4.63% Cu and 0.97g/t Au from 464.0m) (incl. 7.1m @ 19.86% Cu and 2.13g/t Au and 1300ppm Co from 472.7m) (incl. 7.0m @ 4.57% Cu and 0.91g/t Au from 492.0m) 18.8m @ 0.70% Cu and 0.23g/t Au and 2566ppm Mo from 585.0m 50.0m @ 0.97% Cu and 0.10 g/t Au from 404.0m 63.0m @ 1.57% Cu and 0.80 g/t Au from 472.0m (incl. 6.9m @ 7.59% Cu and 2.72g/t Au from 480.0m) 97.1m @ 3.10 % Cu and 0.97 g/t Au from 393m (incl. 6.9m @ 19.93% Cu and 7.26g/t Au from 443.2m) (incl. 8.1m @ 10.13 % Cu and 2.60 g/t Au from 458.4) 143.1m @ 1.54 % Cu and 0.32 g/t Au from 371m (incl. 21m @ 3.39% Cu and 1.01g/t Au from 451.9m) (incl. 5.6m @ 10.03 % Cu and 1.15g/t Au from 483.4m) 18.0m @ 3.19 % Cu and 1.47 g/t Au from 527m (Incl 6.6m @ 5.11 % Cu and 1.94 g/t Au from 541m; DR665: DR681: DR681D1: DU4503: DU4504: 14m @ 2.23% Cu and 1.42 g/t Au from 541m. The drilling and exploration program at Dugald River has successfully delineated encouraging copper mineralisation within the broader tenement package surrounding the existing zinc-lead-silver operation. These results at Wallaroo underscore the substantial copper potential at Dugald River and demonstrate the prospectivity of the tenure for copper discoveries beyond the current primary zinc focus. MMG will continue to assess how best to maximise the value of its copper minerals at Dugald River going forward. This includes further evaluation of the exploration data, potential resource definition, and strategic options to unlock additional value for shareholders while maintaining strong operational performance at the existing zinc operation. The Dugald River Mineral System, including the Dugald River Zn-Pb-Ag ore deposit, is hosted in the Roseby Schist package located within the 3 to 4km wide north-south trending high-strain domain of the Mount Roseby Corridor. The Mount Roseby corridor lies in the northern half of the Mary Kathleen Domain, part of the Eastern succession of the Mount Isa Inlier. The Mount Roseby Corridor has experienced complex polyphase deformation and metamorphism, with at least four phases of deformation recorded in the rocks at Dugald River. This deformation resulted in widespread alteration and transposition of both stratigraphy and pre-existing structural fabrics. The Mount Roseby corridor is bordered to the west by the Knapdale Quartzite and the east by the Mount Rose Bee Fault. The Knapdale Quartzite forms a prominent range of hills within the local area. The Mount Roseby corridor is comprised of the Mount Roseby Schist Formation that includes the local hanging wall calc-silicates, Dugald River Slate package (host package of the Dugald Lode) and the Footwall Limestone. The slates and the footwall limestones are metasomatised from calcareous to carbonaceous. Overall, this package forms part of the Mount Albert Group. Copper (Cu) prospects are common around the greater Dugald River district. The Little Eva iron oxide-copper gold (IOCG) deposit, approximately 10 kilometres to the north of Dugald River Mine, is the largest and most well known in the local area. Other smaller prospects and plays occur close to Dugald including Blackard, Scanlon, Turkey Creek, Legend and Lady Clayre. These deposits make up the Eva Copper Project that is currently under development. Numerous local historic copper workings occur close to the Dugald River Zn-Pb-Ag lode. Historic copper workings along strike to the south follow the contact of the Dugald River slate and the metamorphosed calc-silicate unit of the Mount Roseby Schist. Wallaroo Flat and Godkin were some of the more advanced workings. Secondary copper minerals (e.g., malachite) occur in outcrop indicating a structural link to the surface and were clearly the target for early artisanal workings. Copper mineralisation is also persistent in the hanging wall adjacent to the Dugald River Zn-Pb-Ag lode. Massive to disseminated chalcopyrite occurs in the hanging wall of the South Mine. This mineralisation is often associated with gold and locally high in molybdenum. The second type occurs in the South Mine between the main lens and hanging wall lens with lower gold grades but with associated cobalt which is locally elevated (>1% cobalt). The hanging-wall copper-gold mineralisation occurs primarily as chalcopyrite within or at the mica schist contact but can extend into the mafic porphyry unit and folded black slate lithologies. The source of the copper in the hanging wall zones of Dugald River remain elusive. Previous efforts to determine the extent the copper mineralisation to the south had failed to intersect significant mineralisation.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$7.01, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 234% over the past three years.공시 • Jun 18MMG Limited has filed a Follow-on Equity Offering in the amount of HKD 6.268321 billion.MMG Limited has filed a Follow-on Equity Offering in the amount of HKD 6.268321 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 705,892,000 Price\Range: HKD 8.88 Transaction Features: Subsequent Direct ListingValuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$8.11, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 246% over the past three years.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.공시 • Mar 03MMG Limited, Annual General Meeting, May 28, 2026MMG Limited, Annual General Meeting, May 28, 2026.공시 • 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, 2026공시 • 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.공시 • 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, 2025공시 • 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, 2025공시 • 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.공시 • Mar 04MMG Limited, Annual General Meeting, May 22, 2025MMG Limited, Annual General Meeting, May 22, 2025.공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.주주 수익률1208HK Metals and MiningHK 시장7D7.7%7.3%1.1%1Y87.4%22.3%-3.0%전체 주주 수익률 보기수익률 대 산업: 1208은 지난 1년 동안 22.3%의 수익을 기록한 Hong Kong Metals and Mining 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: 1208은 지난 1년 동안 -3%를 기록한 Hong Kong 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is 1208's price volatile compared to industry and market?1208 volatility1208 Average Weekly Movement9.7%Metals and Mining Industry Average Movement8.3%Market Average Movement7.5%10% most volatile stocks in HK Market16.6%10% least volatile stocks in HK Market3.5%안정적인 주가: 1208는 지난 3개월 동안 Hong Kong 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 1208의 주간 변동성(10%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19885,516Ivo Zhaowww.mmg.com투자 지주 회사인 MMG Limited는 광물 탐사, 개발 및 채굴에 종사하는 회사입니다. 라스 밤바스, 킨세베레, 코에마카우, 두갈드강, 로즈베리 지역에서 사업을 운영하고 있습니다. 이 회사는 구리, 아연, 금, 은, 몰리브덴, 코발트, 납 매장지를 탐사합니다.더 보기MMG Limited 기초 지표 요약MMG의 순이익과 매출은 시가총액과 어떻게 비교됩니까?1208 기초 통계시가총액HK$88.50b순이익 (TTM)HK$4.00b매출 (TTM)HK$48.77b22.2x주가수익비율(P/E)1.8x주가매출비율(P/S)1208는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표1208 손익계산서 (TTM)매출US$6.22b매출원가US$2.73b총이익US$3.49b기타 비용US$2.98b순이익US$509.40m최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)0.042총이익률56.14%순이익률8.19%부채/자본 비율53.3%1208의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/05 05:38종가2026/07/03 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스MMG Limited는 25명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ephrem RaviBarclaysAleksandra BukachevaBMO Capital Markets Equity ResearchMiriam ChanBofA Global Research22명의 분석가 더 보기
공시 • Jul 04MMG Limited Provides Exploration Results For Dugald River Wallaroo Copper ProspectMMG Limited provided the exploration update at Dugald River Mine. Since 2021, the MMG Dugald River team has drilled nineteen diamond holes totalling 13,688 metres into the Wallaroo Copper prospect (previously known as Target Z) as part of the Dugald River Copper Growth Program. Results from drilling at Wallaroo Copper have produced extensive anomalous copper and gold intersections in near mine hanging wall copper anomalies with nine of the nineteen holes drilled intersecting (>0.1% copper) mineralisation. Mineralisation is structurally controlled, consisting of discontinuous, fracture-fill, disseminated and massive chalcopyrite and pyrrhotite. The sulphides occur in moderately to intensively altered and folded host rocks of the Mount Roseby Corridor. The geological features observed in these intercepts are analogous to ‘orogenic’ copper deposits. Assays returned some exceptional elevated copper and gold. Mineralisation appears to be partly controlled by the lithological contact between the Mount Roseby Schist unit to the west and the Dugald slates to the east. The intersection of north-east and north-south trending structural features appear to influence the fracturing and brecciation of the altered and folded host units developing dilation and eventually leading to mineralisation. Significant assays include: DR646: 56.3m @ 0.50% Cu and 0.12g/t Au from 387.2m (incl 20.0m @ 0.99% Cu and 0.07g/t Au from 501.0m) 44m @ 0.58% Cu and 0.17g/t Au and 1078ppm Mo from 578.0m; DR662: 44.0m @ 0.50% Cu and 0.06g/t Au from 318.0m 147.0m @ 0.39% Cu and 0.06g/t Au from 390.0m (incl. 10.0m @ 1.57% Cu and 0.25g/t Au from 482.0m); DR663: 75.4m @ 0.41% Cu and 0.04g/t Au from 331.0m (incl. 7.4m @ 1.17% Cu and 0.08g/t Au from 335.9m) 17.0m @ 0.88% Cu and 0.12g/t Au from 592.0m 25.3m @ 0.61% Cu and 0.05g/t Au from 698.7m; DR664: 157.8m @ 2.02% Cu and 0.41g/t Au from 370.0m (incl. 63.8m @ 4.63% Cu and 0.97g/t Au from 464.0m) (incl. 7.1m @ 19.86% Cu and 2.13g/t Au and 1300ppm Co from 472.7m) (incl. 7.0m @ 4.57% Cu and 0.91g/t Au from 492.0m) 18.8m @ 0.70% Cu and 0.23g/t Au and 2566ppm Mo from 585.0m 50.0m @ 0.97% Cu and 0.10 g/t Au from 404.0m 63.0m @ 1.57% Cu and 0.80 g/t Au from 472.0m (incl. 6.9m @ 7.59% Cu and 2.72g/t Au from 480.0m) 97.1m @ 3.10 % Cu and 0.97 g/t Au from 393m (incl. 6.9m @ 19.93% Cu and 7.26g/t Au from 443.2m) (incl. 8.1m @ 10.13 % Cu and 2.60 g/t Au from 458.4) 143.1m @ 1.54 % Cu and 0.32 g/t Au from 371m (incl. 21m @ 3.39% Cu and 1.01g/t Au from 451.9m) (incl. 5.6m @ 10.03 % Cu and 1.15g/t Au from 483.4m) 18.0m @ 3.19 % Cu and 1.47 g/t Au from 527m (Incl 6.6m @ 5.11 % Cu and 1.94 g/t Au from 541m; DR665: DR681: DR681D1: DU4503: DU4504: 14m @ 2.23% Cu and 1.42 g/t Au from 541m. The drilling and exploration program at Dugald River has successfully delineated encouraging copper mineralisation within the broader tenement package surrounding the existing zinc-lead-silver operation. These results at Wallaroo underscore the substantial copper potential at Dugald River and demonstrate the prospectivity of the tenure for copper discoveries beyond the current primary zinc focus. MMG will continue to assess how best to maximise the value of its copper minerals at Dugald River going forward. This includes further evaluation of the exploration data, potential resource definition, and strategic options to unlock additional value for shareholders while maintaining strong operational performance at the existing zinc operation. The Dugald River Mineral System, including the Dugald River Zn-Pb-Ag ore deposit, is hosted in the Roseby Schist package located within the 3 to 4km wide north-south trending high-strain domain of the Mount Roseby Corridor. The Mount Roseby corridor lies in the northern half of the Mary Kathleen Domain, part of the Eastern succession of the Mount Isa Inlier. The Mount Roseby Corridor has experienced complex polyphase deformation and metamorphism, with at least four phases of deformation recorded in the rocks at Dugald River. This deformation resulted in widespread alteration and transposition of both stratigraphy and pre-existing structural fabrics. The Mount Roseby corridor is bordered to the west by the Knapdale Quartzite and the east by the Mount Rose Bee Fault. The Knapdale Quartzite forms a prominent range of hills within the local area. The Mount Roseby corridor is comprised of the Mount Roseby Schist Formation that includes the local hanging wall calc-silicates, Dugald River Slate package (host package of the Dugald Lode) and the Footwall Limestone. The slates and the footwall limestones are metasomatised from calcareous to carbonaceous. Overall, this package forms part of the Mount Albert Group. Copper (Cu) prospects are common around the greater Dugald River district. The Little Eva iron oxide-copper gold (IOCG) deposit, approximately 10 kilometres to the north of Dugald River Mine, is the largest and most well known in the local area. Other smaller prospects and plays occur close to Dugald including Blackard, Scanlon, Turkey Creek, Legend and Lady Clayre. These deposits make up the Eva Copper Project that is currently under development. Numerous local historic copper workings occur close to the Dugald River Zn-Pb-Ag lode. Historic copper workings along strike to the south follow the contact of the Dugald River slate and the metamorphosed calc-silicate unit of the Mount Roseby Schist. Wallaroo Flat and Godkin were some of the more advanced workings. Secondary copper minerals (e.g., malachite) occur in outcrop indicating a structural link to the surface and were clearly the target for early artisanal workings. Copper mineralisation is also persistent in the hanging wall adjacent to the Dugald River Zn-Pb-Ag lode. Massive to disseminated chalcopyrite occurs in the hanging wall of the South Mine. This mineralisation is often associated with gold and locally high in molybdenum. The second type occurs in the South Mine between the main lens and hanging wall lens with lower gold grades but with associated cobalt which is locally elevated (>1% cobalt). The hanging-wall copper-gold mineralisation occurs primarily as chalcopyrite within or at the mica schist contact but can extend into the mafic porphyry unit and folded black slate lithologies. The source of the copper in the hanging wall zones of Dugald River remain elusive. Previous efforts to determine the extent the copper mineralisation to the south had failed to intersect significant mineralisation.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$7.01, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 234% over the past three years.
공시 • Jun 18MMG Limited has filed a Follow-on Equity Offering in the amount of HKD 6.268321 billion.MMG Limited has filed a Follow-on Equity Offering in the amount of HKD 6.268321 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 705,892,000 Price\Range: HKD 8.88 Transaction Features: Subsequent Direct Listing
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$8.11, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 246% over the past three years.
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.
공시 • Mar 03MMG Limited, Annual General Meeting, May 28, 2026MMG Limited, Annual General Meeting, May 28, 2026.
공시 • Jul 04MMG Limited Provides Exploration Results For Dugald River Wallaroo Copper ProspectMMG Limited provided the exploration update at Dugald River Mine. Since 2021, the MMG Dugald River team has drilled nineteen diamond holes totalling 13,688 metres into the Wallaroo Copper prospect (previously known as Target Z) as part of the Dugald River Copper Growth Program. Results from drilling at Wallaroo Copper have produced extensive anomalous copper and gold intersections in near mine hanging wall copper anomalies with nine of the nineteen holes drilled intersecting (>0.1% copper) mineralisation. Mineralisation is structurally controlled, consisting of discontinuous, fracture-fill, disseminated and massive chalcopyrite and pyrrhotite. The sulphides occur in moderately to intensively altered and folded host rocks of the Mount Roseby Corridor. The geological features observed in these intercepts are analogous to ‘orogenic’ copper deposits. Assays returned some exceptional elevated copper and gold. Mineralisation appears to be partly controlled by the lithological contact between the Mount Roseby Schist unit to the west and the Dugald slates to the east. The intersection of north-east and north-south trending structural features appear to influence the fracturing and brecciation of the altered and folded host units developing dilation and eventually leading to mineralisation. Significant assays include: DR646: 56.3m @ 0.50% Cu and 0.12g/t Au from 387.2m (incl 20.0m @ 0.99% Cu and 0.07g/t Au from 501.0m) 44m @ 0.58% Cu and 0.17g/t Au and 1078ppm Mo from 578.0m; DR662: 44.0m @ 0.50% Cu and 0.06g/t Au from 318.0m 147.0m @ 0.39% Cu and 0.06g/t Au from 390.0m (incl. 10.0m @ 1.57% Cu and 0.25g/t Au from 482.0m); DR663: 75.4m @ 0.41% Cu and 0.04g/t Au from 331.0m (incl. 7.4m @ 1.17% Cu and 0.08g/t Au from 335.9m) 17.0m @ 0.88% Cu and 0.12g/t Au from 592.0m 25.3m @ 0.61% Cu and 0.05g/t Au from 698.7m; DR664: 157.8m @ 2.02% Cu and 0.41g/t Au from 370.0m (incl. 63.8m @ 4.63% Cu and 0.97g/t Au from 464.0m) (incl. 7.1m @ 19.86% Cu and 2.13g/t Au and 1300ppm Co from 472.7m) (incl. 7.0m @ 4.57% Cu and 0.91g/t Au from 492.0m) 18.8m @ 0.70% Cu and 0.23g/t Au and 2566ppm Mo from 585.0m 50.0m @ 0.97% Cu and 0.10 g/t Au from 404.0m 63.0m @ 1.57% Cu and 0.80 g/t Au from 472.0m (incl. 6.9m @ 7.59% Cu and 2.72g/t Au from 480.0m) 97.1m @ 3.10 % Cu and 0.97 g/t Au from 393m (incl. 6.9m @ 19.93% Cu and 7.26g/t Au from 443.2m) (incl. 8.1m @ 10.13 % Cu and 2.60 g/t Au from 458.4) 143.1m @ 1.54 % Cu and 0.32 g/t Au from 371m (incl. 21m @ 3.39% Cu and 1.01g/t Au from 451.9m) (incl. 5.6m @ 10.03 % Cu and 1.15g/t Au from 483.4m) 18.0m @ 3.19 % Cu and 1.47 g/t Au from 527m (Incl 6.6m @ 5.11 % Cu and 1.94 g/t Au from 541m; DR665: DR681: DR681D1: DU4503: DU4504: 14m @ 2.23% Cu and 1.42 g/t Au from 541m. The drilling and exploration program at Dugald River has successfully delineated encouraging copper mineralisation within the broader tenement package surrounding the existing zinc-lead-silver operation. These results at Wallaroo underscore the substantial copper potential at Dugald River and demonstrate the prospectivity of the tenure for copper discoveries beyond the current primary zinc focus. MMG will continue to assess how best to maximise the value of its copper minerals at Dugald River going forward. This includes further evaluation of the exploration data, potential resource definition, and strategic options to unlock additional value for shareholders while maintaining strong operational performance at the existing zinc operation. The Dugald River Mineral System, including the Dugald River Zn-Pb-Ag ore deposit, is hosted in the Roseby Schist package located within the 3 to 4km wide north-south trending high-strain domain of the Mount Roseby Corridor. The Mount Roseby corridor lies in the northern half of the Mary Kathleen Domain, part of the Eastern succession of the Mount Isa Inlier. The Mount Roseby Corridor has experienced complex polyphase deformation and metamorphism, with at least four phases of deformation recorded in the rocks at Dugald River. This deformation resulted in widespread alteration and transposition of both stratigraphy and pre-existing structural fabrics. The Mount Roseby corridor is bordered to the west by the Knapdale Quartzite and the east by the Mount Rose Bee Fault. The Knapdale Quartzite forms a prominent range of hills within the local area. The Mount Roseby corridor is comprised of the Mount Roseby Schist Formation that includes the local hanging wall calc-silicates, Dugald River Slate package (host package of the Dugald Lode) and the Footwall Limestone. The slates and the footwall limestones are metasomatised from calcareous to carbonaceous. Overall, this package forms part of the Mount Albert Group. Copper (Cu) prospects are common around the greater Dugald River district. The Little Eva iron oxide-copper gold (IOCG) deposit, approximately 10 kilometres to the north of Dugald River Mine, is the largest and most well known in the local area. Other smaller prospects and plays occur close to Dugald including Blackard, Scanlon, Turkey Creek, Legend and Lady Clayre. These deposits make up the Eva Copper Project that is currently under development. Numerous local historic copper workings occur close to the Dugald River Zn-Pb-Ag lode. Historic copper workings along strike to the south follow the contact of the Dugald River slate and the metamorphosed calc-silicate unit of the Mount Roseby Schist. Wallaroo Flat and Godkin were some of the more advanced workings. Secondary copper minerals (e.g., malachite) occur in outcrop indicating a structural link to the surface and were clearly the target for early artisanal workings. Copper mineralisation is also persistent in the hanging wall adjacent to the Dugald River Zn-Pb-Ag lode. Massive to disseminated chalcopyrite occurs in the hanging wall of the South Mine. This mineralisation is often associated with gold and locally high in molybdenum. The second type occurs in the South Mine between the main lens and hanging wall lens with lower gold grades but with associated cobalt which is locally elevated (>1% cobalt). The hanging-wall copper-gold mineralisation occurs primarily as chalcopyrite within or at the mica schist contact but can extend into the mafic porphyry unit and folded black slate lithologies. The source of the copper in the hanging wall zones of Dugald River remain elusive. Previous efforts to determine the extent the copper mineralisation to the south had failed to intersect significant mineralisation.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$7.01, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 234% over the past three years.
공시 • Jun 18MMG Limited has filed a Follow-on Equity Offering in the amount of HKD 6.268321 billion.MMG Limited has filed a Follow-on Equity Offering in the amount of HKD 6.268321 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 705,892,000 Price\Range: HKD 8.88 Transaction Features: Subsequent Direct Listing
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$8.11, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 246% over the past three years.
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.
공시 • Mar 03MMG Limited, Annual General Meeting, May 28, 2026MMG Limited, Annual General Meeting, May 28, 2026.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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
공시 • 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.
공시 • Mar 04MMG Limited, Annual General Meeting, May 22, 2025MMG Limited, Annual General Meeting, May 22, 2025.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
