Welcome to our dedicated page for MAC Copper news (Ticker: MTAL), a resource for investors and traders seeking the latest updates and insights on MAC Copper stock.
This page provides an archive of news and company announcements for MAC Copper Limited, historically listed on the NYSE under the symbol MTAL and on the ASX under the symbol MAC. MAC Copper Limited described its business focus as operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical to the electrification and decarbonization of the global economy.
The news flow for MAC Copper Limited includes detailed updates on the recommended transaction under which Harmony Gold (Australia) Pty Ltd, a wholly owned subsidiary of Harmony Gold Mining Company Limited, agreed to acquire 100% of the issued share capital in MAC by way of a Jersey law scheme of arrangement. Announcements cover court directions, dispatch of the scheme circular, shareholder meetings and voting results, regulatory approvals from authorities such as the South African Reserve Bank and Australia’s Foreign Investment Review Board, and the Royal Court of Jersey’s sanction of the scheme.
Investors can also review operational and financial updates, such as MAC Copper Limited’s June 2025 quarterly activities report. That report discusses safety performance, copper production volumes and grades at the CSA Copper Mine, cost metrics, operational free cash flow, liquidity, and progress on growth and development projects, as well as commentary from the company’s chief executive officer.
Later announcements describe the scheme becoming legally effective after lodging the Royal Court’s order with the Jersey Registrar of Companies, the suspension of trading in MAC CDIs on the ASX and MAC shares on the NYSE, and the indicative timetable for delisting and payment of scheme consideration. Together, these news items document MAC Copper Limited’s transition from a listed foreign private issuer to a wholly owned subsidiary of Harmony Gold Mining Company Limited.
Users interested in MTAL-related news can use this archive to trace the company’s corporate actions, regulatory milestones, and operational updates over time.
MAC Copper Limited (NYSE:MTAL) has announced the release date for its second quarter 2025 financial results, scheduled for Wednesday, July 23, 2025, after the New York market close (Thursday, July 24, 2025, before Sydney market open).
The company will host a conference call and webcast to discuss the results on July 23, 2025, at 7:00 PM New York time (July 24, 2025, at 9:00 AM Sydney time). Participants can access the webcast through the provided link and register for the conference call via the Diamond Pass registration system. A replay will be available through the webcast link and the Events section of MAC's website.
MAC Copper reports Q1 2025 results with copper production of 8,644 tonnes at a 4.1% Cu grade. The company achieved significant safety improvements, reducing TRIFR to 9.9 from 14.2 in 2024. While Q1 production decreased 23.6% from Q4 2024, March 2025 set a new low C1 cost of $1.49/lb under MAC ownership.
Key financial highlights include successful debt refinancing with new facilities totaling $284 million, reducing debt costs by ~30% to 6.85%. The company maintains strong liquidity of $153.3 million and targets >50,000 tonnes annual copper production by 2026, representing a 23% growth.
Two major growth projects are underway: the Merrin Mine development (ore mining expected Q4 2025) and a ventilation project (completion targeted Q3 2026). The company's C1 costs increased to $1.91/lb in Q1 2025 from $1.66/lb in Q4 2024, primarily due to lower production volume, partially offset by reduced TC/RC benchmarks.
MAC Copper (NYSE: MTAL; ASX: MAC) has announced the filing of its Form 20-F for the fiscal year 2024 with the U.S. Securities and Exchange Commission on March 28, 2025. The document will be accessible through the company's website and the SEC's official portal.
Physical copies of the annual report will be made available starting April 15, 2025, and shareholders can request them at no cost through MAC Copper's investor relations website.
MAC Copper (NYSE:MTAL) has announced it will release its first quarter 2025 financial results on Tuesday, April 29, 2025, after market close in New York, which corresponds to Wednesday, April 30, 2025, before market open in Sydney.
The company will host a conference call and webcast to discuss the Q1 2025 results on Tuesday, April 29, 2025, at 7:00 pm New York time (Wednesday, April 30, 2025, at 9:00 am Sydney time). Participants can access the webcast through the provided link and register for the conference call via a separate registration link. A replay of the webcast will be made available through the same webcast link or through the Events section of the company's website.
MAC Copper (NYSE:MTAL) has successfully restructured its debt facilities, marking a significant improvement in its financial position. The company has replaced its old facilities with new ones, including a US$159 million term loan and an expanded US$125 million revolving credit facility extended to March 2028.
Key improvements include:
- Early repayment of Sprott mezzanine facility
- Reduction in principal repayments by ~US$123 million until December 2026
- ~30% decrease in average weighted cost of debt to 6.85%
- Annual interest savings of ~US$14 million
- 93% reduction in environmental bond costs
Following the refinancing, MAC will maintain ~US$50 million in cash and total liquidity of ~US$109 million. The company will use proceeds from its recent A$150 million equity raising to repay the Sprott mezzanine facility, with Glencore contingent copper payments deferred until June 2026.
MAC Copper (NYSE:MTAL) has released its 2024 Resource and Reserve Statement and 2-Year Production Guidance for the CSA Copper Mine. The company reported 545kt of copper in Mineral Reserves at 3.4% Cu grade and 464kt in Mineral Resources at 5.4% Cu grade, extending mine life to 12 years through 2036.
Key highlights include an inaugural zinc resource of 173kt at 7.3% Zn grade, and the announcement of the new 'Merrin Mine' development in the upper portions of the mine. The company maintains its production guidance and expects higher copper grades of 3.8-4.0% Cu for 2025.
The Merrin Mine initiative aims to increase production by Q4 2025, with separate access, haulage, and ventilation systems. MAC has signed a zinc ore tolling agreement with Polymetals Resources for processing this new production.
MAC Copper (NYSE:MTAL; ASX:MAC) has announced the upcoming release of two significant documents and a conference call. The company will release its updated Resource and Reserve Statement (as of December 31, 2024) on Monday, February 24, 2025, before the New York market opens and after Sydney's market closes.
The 2024 Annual Financial Statements & Appendix 4E will be released the same day after New York's market close, which corresponds to Tuesday, February 25, 2025, before Sydney's market opens.
A conference call and webcast is scheduled for Monday, February 24 at 6:30 pm (New York time) / Tuesday, February 25 at 10:30 am (Sydney time) to discuss both releases. Participants can access the webcast through a provided link and register for the conference call via a separate registration link. A replay will be available through the webcast link and the company's Events section.
MAC Copper (NYSE: MTAL) reported record quarterly production for Q4 2024, achieving 11,320 tonnes of copper at a grade of 4.1% Cu, representing an 11% increase QoQ. The company achieved a significant reduction in C1 costs to US$1.66/lb, down 12% from Q3 2024.
Key financial highlights include operational free cash flow of ~US$30M for Q4 2024, successful capital raising of US$103M, and improved liquidity position with cash and equivalents of ~US$172M. The company's total copper production for 2024 reached 41,128 tonnes, exceeding mid-point guidance and showing a 14% increase from 2023.
The company is targeting copper production of >50ktpa by 2026, representing a ~23% growth. Major projects including the Ventilation project and QTS South Upper development are progressing as planned. Safety performance improved with TRIFR reducing to 10.9 in Q4 from 14.2 in Q3 2024.
MAC Copper (NYSE:MTAL; ASX:MAC) has announced it will release its fourth quarter 2024 financial results on Tuesday, January 28, 2025, after market close in New York, which corresponds to Wednesday, January 29, 2025, before market open in Sydney.
The company will host a conference call and webcast to discuss these results on January 28, 2025, at 5:00 pm (New York time) / January 29, 2025, at 9:00 am (Sydney time). Participants can join through a webcast link or register for expedited access to avoid call queues. The conference call is accessible via toll-free and international dial-in numbers, including a dedicated Australian line.
A replay of the webcast will be available for three months through the provided link or the Events section of the company's website.
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