Commodity prices drive MMG loss

MMG has posted a half-year net loss after tax of US$73 million, including a loss of $81 million attributable to equity holders.

Commodity prices drive MMG loss Commodity prices drive MMG loss Commodity prices drive MMG loss Commodity prices drive MMG loss Commodity prices drive MMG loss

MMG CEO Geoffrey Gao speaking at the company's June half results

The company produced 215,527 tonnes of copper and 114,080 tonnes of zinc.

EBITDA from continuing operations fell 34% to $646.7 million, with Las Bambas EBITDA dropping 25% to $541 million.