AT A GLANCE: MMG H1 underlying earnings plunge 41% on lower prices, sales volumes

A summary of Australian-Chinese miner MMG’s production results for the first half year ended June 30, 2020, as well as its full-year production guidance.

In brief 

MMG’s earnings before interest, taxes, depreciation and amortization (Ebitda) was $383.6 million in the first half this year, a drop of 41% from the corresponding period in 2019 due to lower commodity prices and sales volumes resulting from the effects of Covid-19.  Revenue from copper fell by 14% to $851.9 million, while molybdenum revenue was $4.4 million in the six months to June 30, down 79%.  Copper concentrate sales volumes in the first half of 2020 rose to 396,407 tonnes...


Anna Xu

September 17, 2020

14:01 GMT