MMG Limited Reports Production Results for the Fourth Quarter and Year-To-Date Ended December 31, 2021
January 24, 2022 at 07:56 am EST
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MMG Limited reported production results for the Fourth quarter and year-to-date ended December 31, 2021. For the quarter, the company reported total copper cathode production of 11,223 tonnes, decrease of 36% compared to a year ago. Total copper contained metal in concentrate production was 65,771 tonnes, a decrease of 31% compared to a year ago. Total zinc contained metal in concentrate production was 61,397 tonnes, decrease of 13% compared to a year ago. Total lead contained metal in concentrate production was 11,188 tonnes, decrease of 19% compared to a year ago. Total molybdenum contained metal in concentrate production was 924 tonnes, decrease of 30% compared to year ago.
For the year-to-date, the company reported total copper cathode production of 48,017 tonnes, decrease of 33% compared to a year ago. Total copper contained metal in concentrate production was 291,665 tonnes, decrease of 7% compared to a year ago. Total zinc contained metal in concentrate production was 249,767 tonnes, increase of 2% compared to a year ago. Total lead contained metal in concentrate production was 45,414 tonnes, decrease of 4% compared to a year ago. Total molybdenum contained metal in concentrate production was 4,985 tonnes, increase of 57% compared to year ago.
MMG Limited is an Australia-based mining company. The principal activities of the Company include exploration, development and mining of copper, zinc, cobalt, gold, silver, and lead deposits around the world. Its segment includes Las Bambas, Kinsevere, Dugald River, Rosebery, and Other. Las Bambas is an open-pit, scalable, long-life copper and molybdenum mining operation with prospective exploration options. It is located in the Cotabambas, Apurimac region of Peru. Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province of the Democratic Republic of Congo (DRC). The Dugald River mine is an underground zinc mining operation located near Cloncurry in Northwest Queensland. The Rosebery is an underground polymetallic base metal mining operation located on Tasmaniaâs west coast. Its subsidiaries include MMG Australia Limited, MMG Dugald River Pty Ltd, MMG Exploration Pty Ltd, MMG Management Pty Ltd, and Topstart Limited.
MMG LIMITED 
