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<Research>Jefferies Keeps Hold on MMG; 1Q Copper Output Up 9%; Full-Yr Guidance Unchanged
Recommend 7 Positive 10 Negative 15 |
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According to a Jefferies report, MMG (01208.HK) delivered solid results for 1Q26. Its copper production surged by 8.8% YoY to 128,700 tons, 3% above the broker's expectations, mainly driven by strong performance at the Las Bambas and Kinsevere mines. The report also highlighted MMG's decision to keep its full-year Las Bambas copper production guidance (380,000-400,000 tons), Dugald River zinc production guidance (170,000-180,000 tons), and cost guidance unchanged. Jefferies has kept a Hold rating for MMG, with a target price of HKD9.5. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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