MAC Copper (ASX:MAC) reported Tuesday that its 2024 loss per diluted share narrowed to $0.98 from a loss of $4.83 per diluted share a year earlier.
Analysts polled by Visible Alpha were expecting a loss of $1.35 per share.
On a statutory basis, revenue from ordinary activities for the year was $340.7 million, up from about $159 million in the same period a year earlier. Analysts surveyed by Visible Alpha expected $345.8 million.
MAC maintained its copper production outlook in the range of 43,000 tonnes to 48,000 tonnes for 2025 and 48,000 tonnes to 53,000 tonnes for 2026.
The board did not declare a dividend.
The company's shares were down 2% in recent Tuesday trade.
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