MMG Limited (MMG) has delivered another strong quarter, building on the momentum of a record 2025 and positioning the company well for the second half of the year. Total copper and zinc production was consistent with the same quarter last year, while favourable precious metal prices and strong output generated significant by-product credits, helping reduce C1 costs.
Safety remains MMG’s first value and an operational priority. Year-to-date safety performance remains steady, with a Total Recordable Injury Frequency (TRIF) of 2.06 per million hours worked and a Significant Events with Energy Exchange Frequency (SEEEF) of 0.55 per million hours worked. For the second quarter, TRIF was 2.19 per million hours worked and SEEEF was 0.82 per million hours worked. All sites continue to focus on proactive reporting, the effective implementation of critical controls, contractor management and Field Task Observations.
“MMG continues to achieve solid production across our operations and is on track to reach full-year guidance,” said MMG CEO Ivo Zhao. “It’s a pleasing result, underpinned by another robust quarter from Las Bambas, continued uplift at Kinsevere and steady year-on-year zinc production at our Australian operations. Our focus on growth is supported by ongoing development at Khoemacau and MMG’s exploration program, including the highly prospective copper target recently identified at Dugald River.”
Total copper production, including copper in concentrate and cathode, was 137,843 tonnes in the second quarter of 2026. Las Bambas produced 109,192 tonnes of copper in concentrate. Kinsevere delivered 16,980 tonnes of copper cathode, a 24 per cent increase year-on-year, supported by the continued ramp-up of sulphide ore processing and increased mining activity from the Nambulwa satellite pit. Khoemacau produced 11,423 tonnes of copper in concentrate, broadly in line with last year with additional potential still to be realised.
Total zinc production was 55,538 tonnes, comparable to the same period in 2025. Dugald River achieved 46,082 tonnes of zinc in zinc concentrate, up 6 per cent year-on-year, supported by higher ore milled volumes and strong zinc recovery, which remained above 90 per cent. Rosebery recorded 33,618 tonnes of zinc equivalent. Higher contributions from silver and gold production offset a year-on-year decline in zinc production to 9,456 tonnes.
Group precious metals production totalled 28,119 ounces of gold and 2,825,891 ounces of silver.
MMG’s Second Quarter 2026 Production Report, including asset-by-asset production guidance and updated C1 costs, is available here.
Media enquiries
Felicity Watson
Head of Communications
+61 408 108 516
felicity.watson@mmg.com
Investor enquiries
Sherry Shen
Head of Investor Relations
T +86 10 6849 5460
InvestorRelations@mmg.com