Metro Mining Ltd. Operational Update for July 2026
Key points
- 700 thousand Wet Metric Tonnes (WMT) shipped in July 2026
- Ikamba offshore floating terminal offline for maintenance from 20-27 July
- 1 million BCM of waste stripped year-to-date, a 140% increase year-on-year
Full summary
Metro Mining Ltd. provided an operational update for its Bauxite Hills Mine in Cape York, Far North Queensland. In July 2026, the company shipped 700,000 Wet Metric Tonnes (WMT) and took the Ikamba offshore floating terminal offline from 20-27 July to replace hydraulic cylinders on Crane 1, resuming full operations on 30 July. Geared vessels were used to minimize shipping impact. Waste stripping volumes increased by 140% year-to-date, reaching 1 million BCM, due to additional equipment and productivity improvements. Calendar year shipment guidance for 2026 is 6.6 to 7.1 million WMT.
Guidance
Calendar year shipment guidance for 2026 is 6.6 to 7.1 million WMT.
Outlook
The company anticipates continued growth in waste stripping volumes and consistent ore supply at higher shipping rates.
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