Metro Mining Limited (ASX:MMI) Announces June 2025 Operational Update
Operational Performance
Metro Mining Limited shipped a record 589 thousand Wet Metric Tonnes (WMT) in June 2025, marking a 16% year-on-year increase. Year-to-date shipments reached 1.9 million WMT, including 1.7 million WMT for the June quarter.
Operational Constraints and Maintenance
June shipments were impacted by restricted declared drafts in the Skardon River following a tropical low-pressure event in April. The channel is now operating at approximately 80% of maximum draft, with full recovery expected shortly. Management conducted a three-day shutdown for maintenance at the mine site and Ikamba, reducing maintenance needs for the rest of the year. The Offshore Floating Terminal, Ikamba, demonstrated resilience in adverse weather conditions during the month.
Pricing and Revenue Outlook
Pricing for open Q3 2025 shipments aligned with resilient bauxite market conditions. Metro’s negotiated CIF price, adjusted for grade and moisture, matches Q4 2024 levels. Total FOB revenue for the quarter is expected to surpass Q2 2025, contingent on the sales mix between negotiated and fixed price contracts. Further analysis will be detailed in the quarterly report later in July.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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