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Metro Mining Limited (ASX:MMI)

ALERT: Price-sensitive ASX Announcement for MMI
Current share price for MMI : $1.395 -0.025 (-1.76%)+
Announcement
Release
30 Jul 2026 9:28AM
Price at Release
$1.420
Full Release
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Summary
Metro Mining Limited reported a record Q2 2026 bauxite shipment of 1.8 million Wet Metric Tonnes (WMT), a 7% increase from Q2 2025, despite challenges from Tropical Cyclone Narelle and maintenance of the Ikamba transhipper. The introduction of a new planning and operating system contributed to increased productivity. Financially, the quarter ended with $24 million in cash and reduced secured debt of US$31.5 million. Although EBITDA margins in Q2 were below plan due to various cost factors, the company remains optimistic with shipment guidance for 2026 set between 6.6 to 7.1 million WMT. The company also detailed ongoing exploration and ESG activities, including community engagement initiatives.
Key Points
  • Record Q2 2026 bauxite shipments of 1.8 million WMT.
  • Implemented new integrated planning and operating system.
  • Cash and equivalents were $24 million at the end of the quarter.
  • Secured debt reduced to US$31.5 million.
  • EBITDA margins lower due to demurrage costs and high diesel prices.
  • Shipment guidance for 2026 remains at 6.6 to 7.1 million WMT.
  • Exploration program and ESG activities ongoing.
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.