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MMG: Net Profit Up Thanks to Production at Las Bambas
In its latest earnings report, MMG reported a net profit after tax of $113.7 million, representing $206.7 million more than the corresponding reporting period for 2016. The company said its net debt was reduced by $868.2 million during the first half of the year on the back of strong cash generation. The results were driven by strong output at Las Bambas with 218,440 metric tons (mt) of copper in copper concentrate produced in the first half, and 430,054 mt produced since July 2016, its first year of commercial operations.
MMG: Net Profit Up Thanks to Production at Las Bambas
In its latest earnings report, MMG reported a net profit after tax of $113.7 million, representing $206.7 million more than the corresponding reporting period for 2016. The company said its net debt was reduced by $868.2 million during the first half of the year on the back of strong cash generation. The results were driven by strong output at Las Bambas with 218,440 metric tons (mt) of copper in copper concentrate produced in the first half, and 430,054 mt produced since July 2016, its first year of commercial operations.
MMG: Net Profit Up Thanks to Production at Las Bambas
2017
Aufsatz (Zeitschrift)
Englisch
Las Bambas reaches commercial production
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