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MC Mining Limited (ASX:MCM)

ALERT: Price-sensitive ASX Announcement for MCM
Current share price for MCM : $0.275 -0.045 (-14.06%)+
Announcement
Release
13 Mar 2026 5:05PM
Price at Release
$0.320
Full Release
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Summary
MC Mining Limited announced its interim financial results for the half-year ending 31 December 2025. The company reported a slight improvement in its loss after tax, which decreased by 2% to $8.1 million. Revenue fell primarily due to lower sales volumes and weaker coal pricing. The Uitkomst Colliery's production decreased by 24% compared to the previous period, contributing to a rise in production costs. The Makhado Project is on schedule for key milestones in 2026, with significant progress in infrastructure development. The company maintained a strong focus on safety, reporting zero fatalities. Financial metrics showed an increase in net asset value and a reduction in finance costs. No dividends were declared for the period. The company also made significant corporate appointments and received substantial funding from Kinetic Development Group Limited. The report mentions the temporary suspension of operations at Uitkomst Colliery, intended to preserve cash flow and optionality for restarting operations.
Key Points
  • Loss after tax improved by 2% to $8.1 million.
  • Revenue decreased by 22% to $6.6 million.
  • Uitkomst Colliery production decreased by 24%.
  • Makhado Project on schedule for 2026 milestones.
  • Zero fatalities reported, with a focus on safety.
  • Net asset value increased by 23%.
  • No dividends declared for this period.
  • Received $22 million from Kinetic Development Group.
  • Temporary suspension approved for Uitkomst Colliery.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.