MMG Flags US$280–300 Million Kinsevere Impairment but Maintains Strong 2025 Profit Outlook
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MMG Limited has announced a non-cash impairment charge of approximately US$280 million to US$300 million related to its Kinsevere operation in the Democratic Republic of the Congo, due to various operational challenges. Despite this, the company expects a net profit after tax of US$500 million to US$520 million for 2025, supported by strong performances at its other operations and high metal prices. The latest analyst rating for MMG stock is a Hold with a price target of HK$11.50.
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