On July 23, MMG rose 3.07% in regular trading, trading at HK$8.72/share, with turnover of HK$66.39 million.

On the news front, Morgan Stanley issued a research note on July 22 maintaining its Overweight rating on MMG with a target price of HK$11.7, citing expectations that mine operations will stabilize in the second half and Las Bambas output could reach the upper end of full-year guidance. The company released its Q2 production report on July 21, reporting total copper output of 137,843 tonnes, up 8% quarter-over-quarter. MMG maintained full-year production guidance across all five mines while lowering C1 cash cost guidance for three operations, with Las Bambas costs reduced to US$0.85-1.05 per pound. Additionally, the company disclosed that its Khoemacau copper mine has identified expansion potential of up to 200,000 tonnes of copper in concentrate annually. Morgan Stanley noted that easing social stability concerns following Peru presidential elections further support the outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)