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Metro Mining Limited
(Sydney:MMI)
Metro Mining Limited (MMI) vs. S&P 500 (SPY)
Metro Mining Limited Business Overview & Revenue Model
Metro Mining Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 235.84M | 177.90M | 160.14M | 128.25M | 199.00M | Gross Profit |
| 12.95M | -31.53M | -30.14M | -2.72M | 25.29M | EBIT |
| 4.50M | -37.69M | -35.63M | -7.86M | 18.91M | EBITDA |
| 19.45M | -27.21M | -77.44M | 1.00M | 24.71M | Net Income Common Stockholders |
| -13.48M | -50.12M | -105.50M | -11.13M | 3.62M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 12.15M | 12.02M | 13.88M | 25.45M | 32.55M | Total Assets |
| 169.00M | 129.53M | 152.27M | 202.01M | 217.70M | Total Debt |
| 101.14M | 59.61M | 67.36M | 58.40M | 53.83M | Net Debt |
| 89.07M | 47.59M | 53.48M | 32.95M | 21.29M | Total Liabilities |
| 159.04M | 110.59M | 110.27M | 79.09M | 83.62M | Stockholders Equity |
| 9.95M | 18.94M | 41.99M | 122.92M | 134.08M |
| Cash Flow | Free Cash Flow | |||
| -4.14M | -11.22M | -25.90M | -8.51M | 21.39M | Operating Cash Flow |
| 12.32M | -8.38M | -22.38M | -5.88M | 30.96M | Investing Cash Flow |
| -36.31M | -6.69M | -3.67M | 4.39M | -9.88M | Financing Cash Flow |
| 27.96M | 14.81M | 13.90M | -4.80M | -9.73M |
Metro Mining Limited Technical Analysis
Metro Mining Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $159.48B | 10.81 | 21.04% | 7.80% | -0.10% | 15.50% | |
68 Neutral | $193.24B | 11.18 | 26.20% | 5.00% | -2.47% | 57.01% | |
54 Neutral | £12.73B | 56.37 | -3.53% | 3.76% | -19.74% | ― | |
49 Neutral | $1.95B | -1.37 | -21.43% | 3.74% | 0.84% | -29.84% | |
44 Neutral | AU$322.87M | ― | -87.03% | ― | 30.32% | -22.58% | |
43 Neutral | AU$10.54M | ― | -16.63% | ― | -73.87% | -11.11% |
Metro Mining Limited Corporate Events
Metro Mining Limited reported a record Q1 2025 with 184,000 WMT of bauxite shipped, generating $9 million in FOB revenue. The company completed significant upgrades to its mining and marine assets, enhancing reliability and positioning itself to benefit from strong bauxite demand and price increases. With a target of 6.5 to 7.0 million WMT for 2025, Metro Mining is poised to leverage its strategic offtake agreements and industry-leading cost position amid volatile market conditions.
Metro Mining Limited has released its Annual Report for 2024, detailing its financial performance, sustainability initiatives, and corporate governance practices. The report provides insights from the Chairman and CEO, highlighting the company’s strategic direction and operational achievements. It also includes comprehensive financial statements and disclosures, reflecting the company’s commitment to transparency and accountability.
Metro Mining Limited has announced its 2025 Annual General Meeting, scheduled for May 23, 2025, at the Amora Hotel in Brisbane. The meeting will provide shareholders with an overview of the company’s achievements in the past year and outline its strategic vision and priorities for the future. Shareholders are encouraged to participate either in person or via a webcast, although voting must be conducted through the provided voting form. This meeting is crucial for stakeholders to stay informed about the company’s direction and performance.
Metro Mining Limited has announced the application for the quotation of 1,133,333 ordinary fully paid securities on the Australian Securities Exchange (ASX). These securities are issued under an employee incentive scheme and are not subject to transfer restrictions. This move is part of the company’s strategy to enhance its market presence and provide value to its stakeholders by expanding its equity base.
Metro Mining Limited has announced the details of its 2025 Annual General Meeting, scheduled for May 23, 2025, in Brisbane, along with key reporting dates for the year. The company will release its half-year financial results on August 31, 2025, and quarterly activity reports will follow within a month after each quarter ends. This announcement is part of Metro Mining’s ongoing efforts to maintain transparency and engagement with its stakeholders.
Metro Mining Limited has successfully mobilized its Bauxite Hills Mine and Marine Divisions, completing re-commissioning and commencing the 2025 production season. The company shipped 184k WMT in Q1 2025 and aims to ship between 6.5 to 7.0 million WMT for the year. Investments in operational practices and equipment have enabled early commencement and reduced environmental risks. Despite alumina price corrections, bauxite prices remain resilient, with Q2 2025 cargo pricing agreed at a 20% premium to Q4 2024.
Metro Mining Limited is hosting a webinar for shareholders, led by CEO Simon Wensley and CFO Nathan Quinlin, to provide updates on the Bauxite Hills Mine operations and insights into the bauxite and aluminium markets. This initiative reflects Metro Mining’s efforts to engage stakeholders and provide transparency about its operational strategies and market positioning, potentially impacting investor confidence and market perception.
Metro Mining Limited has successfully completed a A$7 million maintenance program for its Bauxite Hills Operation and Marine Divisions, enabling an early start to the 2025 production season. The company is targeting shipments of 6.5 to 7.0 million WMT for the year, with a 25% increase in Q2 pricing negotiations compared to Q4 2024. Despite volatility in the bauxite market, demand remains strong, driven by new Chinese refinery capacity and a decline in domestic supply in China.
Metro Mining Limited announced a change in the director’s interest, with Paul Thomas Lucas acquiring 387,468 ordinary shares through on-market purchases, increasing his total holdings to 817,561 shares. This acquisition reflects a strategic move by the director, potentially indicating confidence in the company’s future performance and stability, which may positively influence stakeholder perceptions and market positioning.
Metro Mining Limited announced the cessation of 32,086,502 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s operational targets and strategic objectives.
Metro Mining Limited announced a change in the director’s interest, specifically involving Simon Wensley. The change includes the conversion of 18,882,500 vested performance rights into ordinary shares and the lapse of 15,488,859 performance rights that were not capable of vesting. These changes reflect the company’s ongoing management of its Employee Incentive Plan, impacting the director’s holdings and potentially affecting shareholder value.
Metro Mining Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, confirming compliance with key governance practices. This announcement underscores Metro Mining’s commitment to transparency and accountability, potentially strengthening stakeholder confidence and enhancing its industry reputation.
Metro Mining Limited has announced its annual general meeting scheduled for May 23, 2025, in Brisbane. The company has seen recent changes in its board, with the appointment of two new independent non-executive directors and the resignation of two others. These changes may impact the company’s strategic direction and governance.
Metro Mining Limited reported a significant increase in revenue by 30.32% to $307.3 million for the year ending December 2024. Despite this, the company experienced a 63.19% increase in loss from continuing operations, amounting to $22 million. The underlying profit before tax saw a substantial rise of 109.29% to $1.01 million, and the underlying EBITDA from ordinary activities doubled to $37.2 million. No dividends were declared for the year, and the net tangible assets per security increased from $0.002 to $0.006, indicating a stronger asset position.
Metro Mining Limited has released a presentation aimed at updating investors about the company’s current operations and financial status. The presentation is intended solely for informative purposes, without offering any securities or financial products. It provides insights into the company’s resources and reserves, referencing a previous report, and highlights various risks including market competition and environmental factors. The announcement may influence stakeholders by providing a clearer understanding of Metro’s market position and operational strategies.