MMG (1208)

Business description

MMG is a mid-tier global resources company that explores, develops and mines base metal deposits around the world. Its headquarters are in Melbourne, Australia, and it is listed on the Hong Kong Stock Exchange.

Share price chart

Share chart

Stock data

Market cap.HK$11320.8m
Last closeHK$2.14
High / Low (52 weeks)HK$3.4 / HK$1.7
Stock market listingHK
Forecast net debt (US$m)9.7
Forecast gearing ratio (%)329
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(21)(36.5)(32.9)
Relative *(16.7)(26.7)(32.9)

* % Relative to local index

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Company news

China's MMG Ltd to spend $3 billion to complete Peru mine

Thu, 16 Oct 2014 06:00:00 GMT

Winner Take All

Tue, 19 Oct 2010 08:18:08 GMT

Mining Explorers 2014: MMG Ltd.

Fri, 31 Oct 2014 14:49:47 GMT

MMG see sharp 2015 output drop at ageing Century zinc mine

Thu, 15 Jan 2015 03:11:15 GMT

Glencore reaps $7 billion from Las Bambas mine sale to China's MMG

Fri, 01 Aug 2014 01:50:48 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2013A 2.5 0.8 0.1 2.0 13.8 2196.1
2014A 2.5 0.8 0.1 2.0 13.8 1919.0
2015E 2.2 0.7 0.0 (0.6) N/A 2022.7
2016E 3.7 2.2 0.4 4.9 5.6 775.6

Last updated on 24/06/2015

Investment summary

MMG has reported strong Q215 production results with copper and zinc output rising 12% and 16% year-on-year. Despite the share price pressures, against the backdrop of weaker commodity prices, Las Bambas commissioning and ramp-up remain an important share price catalyst.

Last updated on 21/07/2015

Industry outlook

The copper price remains volatile, having recently slid to trade at around US$5,750/t.

Last updated on 29/06/2015

Key management

Jiao Jian, Chairman
Andrew Michelmore, CEO
David Lamont, CFO
Maggie Qin, Head of Corporate Affairs
Marcelo Bastos, COO

Company address

Level 23
28 Freshwater Place
Southbank
VIC 3006
Australia
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