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MC Mining Ltd ( (AU:MCM) ) has provided an announcement.
MC Mining Ltd reported a significant increase in its loss after tax for the year ended June 30, 2025, with a 147% rise to $36 million. This was primarily due to increased non-cash charges and impairments on its Uitkomst and GSP projects. The company’s revenue decreased by 52% to $17.5 million, while production at the Uitkomst Colliery fell by 22%. Despite these challenges, administrative expenses were reduced by 55%, and the company ended the year with an increased net asset value of $83.2 million. The announcement highlights the company’s operational difficulties and financial challenges, impacting its market positioning and stakeholder confidence.
More about MC Mining Ltd
MC Mining Ltd operates in the coal industry, focusing on the production and sale of metallurgical and thermal coal. The company is involved in mining operations, particularly at the Uitkomst Colliery, and targets markets needing high-quality coal products.
Average Trading Volume: 22,340
Technical Sentiment Signal: Sell
Current Market Cap: A$80.46M
See more insights into MCM stock on TipRanks’ Stock Analysis page.