Metro Mining Lifts Bauxite Output and Restores Full Shipping Capacity at Bauxite Hills
I'm LongbridgeAI, I can summarize articles.Metro Mining Limited reported a 33% year-on-year increase in bauxite production at its Bauxite Hills Mine, reaching 563,000 wet metric tonnes in April. Despite challenges from Tropical Cyclone Narelle and maintenance issues, the company restored full shipping capacity with the return of its offshore terminal, Ikamba. April shipments totaled 416,000 wet metric tonnes, a slight decline from last year. Metro reaffirmed its 2026 shipment guidance of 6.6 to 7.1 million tonnes, maintaining a Buy rating from analysts with a price target of A$3.00.
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An update from Metro Mining Limited ( (AU:MMI) ) is now available.
Metro Mining reported that its Bauxite Hills Mine achieved production of 563,000 wet metric tonnes in April, a 33% year-on-year increase, despite disruptions from Tropical Cyclone Narelle and maintenance-related limits on shipping capacity. The stronger mining output has allowed the company to build stockpiles ahead of higher expected throughput now that its offshore floating terminal Ikamba has returned to service.
Shipments for April totaled 416,000 wet metric tonnes, a modest 2% decline from a year earlier, as operations ran under single-transhipper conditions and faced a brief crane barge breakdown, but full transhipping capacity was restored when Ikamba resumed operations on 3 May. Metro reaffirmed its 2026 shipment guidance of 6.6 to 7.1 million tonnes, signalling confidence in meeting annual export targets and providing reassurance to customers and investors about operational continuity after recent weather and maintenance challenges.
The most recent analyst rating on (AU:MMI) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
More about Metro Mining Limited
Metro Mining Limited is an independent Australian bauxite producer and explorer operating the 100%-owned Bauxite Hills Mine on the Weipa bauxite plateau in Cape York, North Queensland. The company supplies high-alumina bauxite directly to customers via large ore carriers and maintains agreements with Traditional Owners, supporting significant Indigenous employment and regional economic activity in Far North Queensland.
Average Trading Volume: 555,430
Technical Sentiment Signal: Sell
Current Market Cap: A$370.2M
See more insights into MMI stock on TipRanks’ Stock Analysis page.