Articles On Metro Mining (ASX:MMI)

Metro Mining (ASX:MMI) has almost doubled its cash at hand to $20.2 million over the past quarter, during a period in which it delivered record shipments of 1.3 million wet metric tonnes from its Bauxite Hills Mine in Queensland.  The compa...

Metro Mining (ASX:MMI) announces in its latest quarterly report that it has taken on an integrated approach to sustainability and environment, social, and governance (ESG) through a range of activities.  During the quarter, the $109.13 mill...

Australia’s only listed pure bauxite producer Metro Mining (ASX:MMI) is poised to complete the 75% expansion of its Bauxite Hills Mine in Queensland in early 2024. In May 2023, the $100.36 million market capitalisation company made a final...

After a shaky start, the benchmark improved but still lost ground overall InfoTech did well to add 1.04%, but MAterials, Financials and Staples all weighed Standout winner was Rhythm Biosciences, up 88.6% on massive milestone news   Today...

Favoured commodities in April: gold, lithium, rare earths 3 resources companies made gains of 100% or more Top ASX resources stocks for April: Western Mines, Larvotto, Besra   April was an okay month if you were invested in the ASX 200 (+...

ShareCafeMetro Mining (ASX:MMI) – Webinar Presentation Simon Wensley – CEO & Managing Director – Metro Mining operates a large bauxite mine in Weipa and plans to expand production, while also contributing to the economy of Cape York an...

Wall Street fell after report shows US inflation cooled in March US plans to increase EV car sales tenfold by 2032 Expert says go long gold, BTC, and ETH   The ASX is set to open flattish on Thursday after a modest selloff in New York fol...

The ASX bounced back from the week’s drama to close up by 0.86% The XEC Emerging Companies Index closed 1.26% higher because it’s young and needed the money Former PM Paul Keating kicks a glorious own goal at the Australian Press Club   H...

ShareCafeTech and Financials drag ASX 0.5% lower at the close by Peter Milios   On Monday, the S&P/ASX 200 decreased by 0.5 per cent, or 35.9 points, to 7108.8 due to losses in the financials and technology sectors. Gold miners performe...

13 Mar 2023 - A snapshot of the stocks on the move featuring Neuren Pharmaceuticals (ASX:NEU), Metro Mining (ASX:MMI) and Meteoric Resources (ASX:MEI).

ShareCafeASX down 0.61% at noon as SVB saga continues by Peter Milios   The collapse of Silicon Valley Bank has caused concern in the US banking and technology industries, reminding investors of the risks they had ignored. Bank stocks have...

ShareCafeStocks of the Hour: NEU, MMI, MEI                    Neuren Pharmaceuticals (ASX:NEU) has announced that they have received an FDA approval for their DAYBUE product, which is the first approved treatment for Rett syndrome. In...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

ShareCafeASX closes 0.49% higher as RBA lifts rates by 25 basis points by Peter Milios   At its monthly board meeting today, the RBA board raised the rates by 0.25 percentage points to 3.6 per cent. The Reserve Bank plans to implement at le...

ShareCafeASX down 0.12% at noon as investors await RBA decision by Peter Milios   Australia’s share market is trading slightly weaker ahead of the Reserve Bank of Australia’s decision. At noon, the S&P/ASX 200 is 0.12 per cent lower at...

ShareCafeStocks of the Hour: DRO, SYA, 5GG, MMI                    DroneShield (ASX:DRO) has successfully completed its Share Purchase Plan (SPP) after raising $29.4 million from its existing shareholders at an issue price of $0.30 pe...

07 Mar 2023 - A snapshot of the stocks on the move featuring DroneShield (ASX:DRO), Sayona Mining (ASX:SYA), Pentanet (ASX:5GG) and Metro Mining (ASX:MMI).

The ASX got an Data Nerd Bailout when the ABS dropped happy-ish CPI data The benchmark recovers from early flesh wounds to end the day flat Ordinary Aussies ‘outraged’ over changes to super that will never, ever affect them The market has...

The ASX 200 was unchanged  The ASX XEC slips 0.38% 8 out of 11 sectors were higher lead by Information Technology   The ASX 200 was unchanged today and the ASX XEC was down 0.38%.  The index has lost 0.98% for the last five days, but sit...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

The benchmark looks like it’s been working hard, but really not much has changed Turaco Gold hits solid results, goes up $0.01 (which is actually 17.2%, so that’s a good thing) I don’t know why there has to be 3 bullet points. When I was a...

Metro Mining (ASX:MMI) has decided to cease the operating season at the Bauxite Hills Mine due to the closing in of a significant weather system on the Gulf of Carpentaria. The significant weather system has resulted in forecasted strong no...

The ASX 200 trims gains to end circa 0.3% higher Small caps drop 0.2%, but C29 Metals booms China markets still choppy after political appointments   The big show, if balancing books and picking pre-chosen soundbytes is your thing, begins...

Poor weather conditions have affected the financial performance of yet another miner, with Metro Mining recording a loss for the half-year of $29.4 million. The company attributed the financial performance to operational and seasonal factor...

Metro Mining has received binding commitments for a $18.9 million two–tranche placement, at 2 cents per share, and a $6.5 million loan conversion. Capital raised under the placement will be primarily applied to further growth, as the compan...

Small cap index up 3% ASX 200 is up 1% Wall Street jumps as The Fed asks how high The ASX 200 is up 1% and the Emerging Companies (XEC) index is about 3% higher and the wee buy now pay later’s are the heroes of the dish. But first…   Over...

ASX 200 is up 0.2% and the XEC is down -0.2% Tension stateside ahead of FOMC decision, EU markets to start flat CPI at 6.1% is better than feared but enough to move the RBA next Tuesday And a crack team of small caps broke out of the ordin...

Bauxite miner Metro Mining is after $20 million at 2¢ a share, in a placement via Shaw and Partners and Petra Capital on Wednesday morning. 

Turnaround bauxite miner Metro Mining Ltd (ASX.MMI) is proposing to raise approximately A$20 million by way of a placement of new ordinary fully paid shares at $0.02 per ... Read More

ASX tracking well to end the week on a mellow big green high Energy and Materials claw back this week’s sadface-inducing losses Battery metals firmly back on the shopping list with TNG leading the charge It’s been happier times for Austra...

WA Kaolin (WAK) strengthens its operational team at the Wickepin kaolin project with new appointments The company appointed Graham Tanner as its operations manager, effective from July 18, and local Wickepin resident David Griffiths as Mai...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Queensland-based Metro Mining has been given the go-ahead by its board to expand the capacity of the Bauxite Hills mine to 7 million wet metric tonnes per annum. The mine is one of the largest independent operations within the world renowne...

Metro Mining’s (MMI) Board approves the final investment decision to expand capacity at the Bauxite Hills Mine in Far North Queensland Metro is expecting the expansion to cost around $28.3 million which includes contingency The economics...

Emerging Companies (XEC) index dives 2.6% Benchmark ASX200 down 0.6% Culpeo Minerals meets copper, shares up 70%   Aussie small caps have copped a commodities shellacking to start the week as materials, metals and energy stocks bear the...

XEC rises like a stubborn mule, up 0.5% XJO wobbles, equivocates somehow ends 0.2% higher Galileo Mining (ASX:GAL) gains circa 200%   Choppy trade – oh yes – but with Galileo Mining (ASX:GAL) coming out swinging on Wednesday morning, tha...

Metro Mining (ASX:MMI) re-establishes a short term bridging loan with Greenstone Resources and Lambhill The unsecured loan is for $5 million with a term of 6 months at a rate of 14 per cent The loan was drawn up in January 2022 but not t...

Metro Mining (MMI) has secured several contracts, including an additional offtake agreement with Chinese company Xinfa Aluminium Group for one million dry metric tonnes (DMT) In addition, Metro has signed Contracts of Affreightment (COA),...

Metro Mining (MMI) completes loading of the final vessels to conclude 2021 contractual commitments of 3.1 million wet metric tonnes (WMT) of bauxite Tonnage loaded in January and February is around 300,000 WMT The resulting net financial p...

Highlights Europe is struggling with energy crisis pushing the prices of fossil fuels further. China’s stockpile of coal is depleting and is looking for sources to replenish it. Australia is among top five producers of coal globally a...

Is Rio Tinto (ASX:RIO) going to disappoint on shipments yet again? The gaffe-prone Pilbara miner, which was carried by stratospheric iron ore prices to a US$9.1 billion dividend at the half year, appears likely to miss its ambitious guidanc...

After falling as much as 0.5% in the morning trade the ASX ultimately closed higher than yesterday. The ASX 200 closed at 7,530 points – 0.02% higher than yesterday – while the ASX Emerging Companies Index closed 0.55% higher at 2,474. Reso...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The African nation of Guinea has just experienced its third Coup D’Etat in under 40 years, ending the 11 year reign of President Alpha Conde, who was captured in the maelstrom. What happens in Guinea will be closely watched by the iron ore...

The ASX 200 rose 0.07%, closing at 7,529 points while the ASX Emerging Companies Index climbed 1.21% to close at 2,461. Energy lost 1.68% and resources lost 1.09% but most other sectors gained with the best being tech which rose 1.15%.   TO...

The ASX 200 finished in the red today, as the big end of town played second fiddle to the microcap Emerging Companies index which posted a solid ~0.7% gain. Mining stocks dragged on the broader index, as BHP (ASX:BHP) traded ex-dividend (it...

In the week since we published the first part of our series on the global shipping crisis, are freight rates still outlandishly high? Picture: Fargo, Working Title Films (1996).As we saw last week, experts believe it will take years for the...

Whisky manufacturer Lark Distilling Co (ASX:LRK) kept things warm during winter, leading a group of 25 stocks that posted a 14-day RSI above 70 last week. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relat...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Summary Splitit launches InStore with multiple new merchants Sandfire Resources gets mining licence for the Motheo Project in Botswana Metro Mining jumps on signing two binding spot cargo agreements The S&P/ASX200 closed up We...