SEHK:1208Metals and Mining
Why Did MMG (SEHK:1208) Shares Drop After Its Latest Update?
MMG (SEHK:1208) is back in focus after the group increased its Rosebery Concentrate Sales Agreement caps, reflecting higher forecast production and current copper, gold and silver prices, which are feeding into larger contracted sales values.
Despite the latest Rosebery agreement lifting expectations for future concentrate sales, MMG’s share price has been under pressure in the very short term, declining 8.2% over the past day and edging down 1.6% over the week. This comes even as the 1 month...