“If we can implement all of these expansions and all of the improvement programs that we have underway, next year … we're targeting to be the lowest-cost supplier into the Asia-Pacific market, and we're on track to be able to do that,” said Simon Wensley, CEO and managing director of Metro Mining.
Australian bauxite producer Metro Mining (ASX:MMI,OTCPL:MMILF) is well positioned to benefit from growing global bauxite demand as it focuses on maximising production from its 7 million tonne expansion and maintaining flexibility in its customer portfolio, according to CEO and Managing Director Simon Wensley.
Speaking with the Investing News Network, Wensley said 2026 is shaping up as a pivotal year for the company as it focuses on extracting maximum value from its expanded operation at its Bauxite Hills mine.
“We’re really just trying to extract the maximum out of our 7 million tonne expansion,” he said. “That’s always been the strategic focus for us when we went to market at the end of 2022 and put the expansion in place.”
The company temporarily paused production for seasonal maintenance, but expects to get back into production in the beginning of March.
“The sweet spot of our year is the second half of the year, where we have our best weather and the best tides,” he said.
Beyond near-term production, Wensley pointed to Metro Mining’s reserve base and surrounding resources as providing longer-term optionality.
Watch the full interview with Metro Mining CEO and Managing Director Simon Wensley above.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Jacques Bonneau, veteran geologist and author of "The Art of Investing in Junior Mining," shares his system for evaluating juniors, as well as seven companies he likes right now.
Among other factors, he discusses his six golden rules for investing in junior mining stocks.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Matthew Piepenburg, partner at Von Greyerz, breaks down what's really driving the gold price, going beyond headlines to the ongoing debasement of the US dollar.
He also discusses silver market dynamics.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Andy Schectman, president of Miles Franklin, weighs in on the factors moving gold and silver, emphasizing that their long-term drivers remain in place.
"Nothing goes straight up without taking a breather, but you can still coexist. That can coexist with long-term bullishness, and I am hugely long-term bullish," he said.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Jeff Clark, founder of Paydirt Prospector, remains bullish on the outlook for gold and silver, emphasizing that cash is key when prices correct.
"Even though I'm very long, and even though I haven't taken profits on a lot of things, the number one antidote to a crash or a correction is your cash level," he said.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Speaking ahead of this week's gold and silver price correction, Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, said the metals were due for a "significant pullback."
After that, they'll be positioned for a new leg up.
"There will be a time definitely to get back into metals, because I think metals will go dramatically higher from where they are right now," he explained. "But I do think that's a year or two out."
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
