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Metro Mining Limited (ASX:MMI)

ALERT: Price-sensitive ASX Announcement for MMI
Current share price for MMI : $1.330 -0.155 (-10.44%)+
Announcement
Release
17 Aug 2026 3:15PM
Price at Release
$1.485
Full Release
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Summary
Metro Mining Limited's July 2026 Operational Update highlights significant progress and operational achievements at its Bauxite Hills Mine in Cape York, Far North Queensland. The company shipped 700 thousand wet metric tonnes (WMT) of bauxite in July alone, despite temporary downtime of its offshore floating terminal, Ikamba, for maintenance. Waste stripping reached 1 million bank cubic meters year-to-date, a 140% increase from the previous year, attributing this to investments in additional equipment and productivity improvements. The shipment guidance for the calendar year 2026 is set between 6.6 to 7.1 million WMT. The company continues to maintain strong relationships with the Traditional Owners of the land and emphasizes its contribution to the local economy and employment, particularly among Indigenous communities.
Key Points
  • 700 thousand WMT shipped in July 2026
  • Ikamba terminal maintenance completed
  • 1 million BCM of waste stripped year-to-date
  • 140% increase in waste stripping year-on-year
  • Shipment guidance 6.6 to 7.1 million WMT for 2026
  • Strong indigenous employment and economic impact
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.