MMG Limited (OMS1.F,1208.HK,MMLTF) reported that its total copper production for fiscal year 2025 rose 27% year-on-year to 506,899 tonnes, driven by a strong performance at the flagship Las Bambas operation. Total zinc production increased by 6% to 232,060 tonnes, underpinned by a record year at Dugald River.
MMG reported that its precious metals production in 2025 performed strongly, serving as valuable by-products that contributed to both mine revenue and C1 costs. The company achieved a total output of 118,118 ounces of gold, reflecting a 22 percent increase year on year, and 10.56 million ounces of silver, marking a 17 percent increase year on year.
For 2026, Las Bambas is targeting copper production of 400,000 tonnes, with guidance set between 380,000 and 400,000 tonnes. At Kinsevere, copper production is expected to fall within the range of 65,000 to 75,000 tonnes. Khoemacau is projected to deliver copper production between 48,000 and 53,000 tonnes in concentrate.
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