Core Viewpoint - China International Capital Corporation (CICC) reports that Minmetals Resources (01208) is expected to see copper and zinc production increase by 11% and 26% respectively in Q3 2025 compared to the same period last year, driven by strong performance from the Las Bambas, Kinsevere, and Dugald River mines [1] Group 1 - The company has raised its annual copper production guidance for the Las Bambas mine to 400,000 tons due to stable operations this year [1] - CICC believes that this production level can be maintained over the next two years [1] - The earnings forecast for Minmetals Resources for 2026 to 2027 has been increased by 7% [1] Group 2 - The target price for Minmetals Resources has been raised from HKD 8.41 to HKD 8.63 [1] - CICC reaffirms a "Buy" rating for the company [1]
中银国际：升五矿资源目标价至8.63港元 重申“买入”评级