According to the Smart Finance App, MMG (01208) rose more than 5% again, as of the time of publication, it rose 4.21%, to HKD 3.22, with a turnover of HKD 48.6213 million.

On the news front, MMG announced that Minera Las Bambas S.A. (MLB) has received a favorable ruling from the Peruvian Tax Court, which ruled that MLB does not have to pay a 30% punitive withholding tax. The Tax Court's ruling is related to the 2017 tax year.

Guolian Securities issued a research report pointing out that since March 2023, the community issues of the Las Bambas project have been eased, and production and operation have remained stable. The Khoemacau mine is the core asset of the company's copper sector and will help the company achieve its goal of becoming one of the top 10 listed copper producers. The company's Kinsevere expansion project is planned to start production in the second half of 2024, and the Chalcobamba development project of Las Bambas has started construction in February 2024. Coupled with the output release of the emerging Khoemacau mine in production and expansion projects with abundant growth potential, the company's copper production is expected to increase year by year.