en.Wedoany.com Reported - MMG Limited's Q1 2026 production report shows that its Las Bambas mine in Peru produced 101,003 tonnes of copper in concentrate, a 6% increase compared to the same period in 2025. This growth was driven by an improvement in metallurgical recovery from 88.1% to 89.5%, enhanced ore performance, and high-grade feed from the Ferrobamba pit.

During the same period, Las Bambas processed a total of 12.74 million tonnes of ore, with a stable copper grade of 0.88%. Precious metal production also increased significantly, with gold output reaching 25,149 ounces (up 29%) and silver production reaching 1.5 million ounces (up 36%). Molybdenum production remained stable at 692 tonnes.

In terms of operations, Las Bambas maintained continuity without any major disruptions. The community engagement model initiated in 2023 has strengthened relationships with surrounding communities. Through investments in education, infrastructure, and other areas, there have been no substantive social conflicts in the past three years. Logistically, marketable copper volume reached 119,977 tonnes, a 13% increase, benefiting from reduced port inventories and a stable supply chain.

Looking ahead to 2026, MMG Limited expects Las Bambas's copper production to be between 380,000 and 400,000 tonnes. The Q1 production exceeding 100,000 tonnes provides a solid foundation for the annual target. In terms of costs, the C1 cost was $0.45 per pound, below the full-year expected range, primarily due to increased gold and silver by-product credits. The company is monitoring trends in precious metal prices and the impact of Middle East conflicts on commodities, and is closely following Peru's presidential election to ensure operational continuity.

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