MMG delivered a Net Profit After Tax of US$89.8 million, including a profit of US$79.5 million attributable to the equity holders of the Company for the 2022 first half result.
HALF YEAR IN REVIEW
Chief executive officer's report
Las Bambas produced 101,009 tonnes of copper in copper concentrate in the first half of 2022. In the second half of 2022, the company will focus on optimising mining activity at the Ferrobamba pit to access higher-grade ores. Full-year production for Las Bambas is expected to be around 240,000 tonnes of copper in copper concentrate.
Kinsevere produced 22,090 tonnes of copper cathode in the first half of 2022. Civil construction works for the Kinsevere Expansion Project commenced in the second quarter of 2022 as planned. Kinsevere is expected to produce at the higher end of the guidance range of 45,000 to 50,000 tonnes of copper cathode for 2022.
Rosebery produced 23,664 tonnes of zinc in concentrate and 9,324 tonnes of lead in concentrate during the first half of 2022. Rosebery is expected to produce between 55,000 and 65,000 tonnes of zinc in zinc concentrate in 2022.
Dugald River produced 79,587 tonnes of zinc in zinc concentrate in the first half of 2022. Production guidance for Dugald River in 2022 remains at 170,000 and 190,000 tonnes of zinc in zinc concentrate.