MAC Copper Reports Record Q4 2024 Copper Production

MT Newswires Live

2025/01/29

MAC Copper (ASX:MAC) reported record fourth-quarter 2024 copper production of 11,320 tonnes, up over 11% from 10,159 tonnes in the third quarter, according to a Wednesday Australian bourse filing.

The company reported cash costs of of $1.66 per pound, down 12% from $1.90 per pound it reported in the September 2024 quarter, driven by increased production, continued improved cost management, and operational efficiencies.

The firm plans to boost copper production by about 23% to over 50,000 tonnes per year by 2026.

The firm's shares fell almost 2% in early trading on Wednesday.

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