MC Mining Ltd ( (AU:MCM) ) just unveiled an update.
MC Mining Ltd reported a significant financial downturn for the half-year ending December 2024, with a 40% increase in loss after tax to $8.4 million and a 67% drop in revenue to $8.4 million. The company faced operational challenges at its Uitkomst Colliery, with a 31% decrease in coal production due to geological issues, leading to a 68% rise in production costs per saleable tonne. These factors have impacted the company’s financial performance and operational efficiency, posing challenges for stakeholders.
More about MC Mining Ltd
MC Mining Ltd is a company operating in the coal mining industry, focusing on the production and sale of metallurgical and thermal coal. The company’s primary operations are centered around the Uitkomst Colliery, which produces run-of-mine coal and various coal products for the market.
Average Trading Volume: 83,676
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £33.67M
For an in-depth examination of MCM stock, go to TipRanks’ Stock Analysis page.