MMG Limited (MMG) has continued its strong production performance, delivering a solid third quarter result.
Total copper output – copper in copper concentrate and copper cathode – increased by 11 per cent compared to the same period last year, reaching just over 127k tonnes driven by another impressive quarter from Las Bambas. Total zinc production increased by twenty-six per cent, achieving almost 59K tonnes driven by good operational performance from Dugald River.
“It has been pleasing to see production hold strong. Across all our sites, we remain focussed on delivering our targets and ending the year on a high,” said Ivo Zhao, MMG’s CEO. “All going to plan, Las Bambas is expected to achieve 400,000 tonnes of copper in copper concentrate by year end. It’s an exciting milestone that the team is working hard to achieve.”
Q3 highlights include:
- The Total Recordable Injury Frequency (TRIF) was 82 per million hours worked, and the Significant Events with Energy Exchange Frequency (SEEEF) was 0.66 per million hours worked. Both TRIF and SEEEF increased compared to the second quarter of 2025. The focus remains on enhanced contractor management practices, conducting field task observations and ensuring that critical controls are applied effectively.
- Las Bambas delivered another excellent quarter producing 102,875 tonnes of copper in copper concentrate, a 14 per cent increase. With ore milled grades and recovery rates maintained at high levels. First half production ranked Las Bambas as the fifth largest copper mine globally.
- Kinsevere produced 14,794 tonnes of copper cathode, a 14 per cent increase, which was supported by the ramp-up of the sulphide ore processing system as part of the Kinsevere Expansion Project (despite power supply and stability challenges impacting operational continuity).
- Production at Khoemacau was 9,084 tonnes of copper in copper concentrate, a 16 per cent decrease, primarily due to lower ore mined volumes and grades. Ore mined volumes were affected by the transition to a new mining contractor, with ramp-up efforts expected to boost production next quarter.
- Dugald River delivered 48,132 tonnes of zinc in zinc concentrate, a 38 per cent increase, driven by positive processing plant performance.
- Production at Rosebery hit 10,615 tonnes of zinc in zinc concentrate, an 8 per cent decrease, due to lower zinc ore milled grades resulting from the mining sequence. On a zinc equivalent basis, production totalled 27,397 tonnes, with significant contributions from by-products including gold, silver and copper.
* Percentage changes relate to Q3 2025 versus Q3 2024, unless otherwise stated.
“It’s been a solid third quarter performance in terms of our production volumes and we achieved some significant corporate milestones. Most notable was the strong demand for the Company’s first convertible bond issuance,” said Mr Zhao. “As we close out the year, our teams remain focused on safe operations and delivering our production and cost targets.”
For full details, including asset-by-asset production guidance and cost updates, please refer to MMG’s Third Quarter Production Report.
Media enquiries
Felicity Watson
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felicity.watson@mmg.com
About MMG
Founded in 2009, MMG’s vision is to create a leading international mining company for a low carbon future. The company is headquartered in Melbourne, Australia and Beijing, China and listed on the Hong Kong Stock Exchange (HKEX1208). MMG’s portfolio supports copper, zinc and cobalt production, with soon to be nickel – products that are critical to achieving global decarbonisation and electrification targets. With operations in Australia, Botswana, the Democratic Republic of Congo and Latin America. More info here.