BRIEF-MMG Sees 2020 Copper Production Between 418,000 And 445,000 Tonnes

Jan 22 (Reuters) - MMG Ltd:

* QTRLY PRODUCTION OF COPPER, ZINC AND LEAD WAS 3%, 3% AND 19% HIGHER RESPECTIVELY THAN PRIOR QUARTER

* IN 2020, CO EXPECTS TO PRODUCE BETWEEN 418,000 AND 445,000 TONNES OF COPPER AND BETWEEN 225,000 AND 245,000 TONNES OF ZINC

* Q4 TOTAL COPPER CATHODE PRODUCTION 20,438 TONNES, UP 11%

* TOTAL COPPER AND ZINC PRODUCTION FOR 2019 WAS 451,963 AND 253,520 TONNES, RESPECTIVELY

* ORE FROM CHALCOBAMBA PIT EXPECTED TO COME INTO PRODUCTION IN Q3 OF 2020

* LAS BAMBAS NOW EXPECTED TO DELIVER AROUND 2 MILLION TONNES OF COPPER PRODUCTION IN FIVE-YEAR PERIOD FROM 2021 TO 2025

* C1 UNIT COSTS IN 2020 ARE EXPECTED TO BE LARGELY UNCHANGED FROM PRIOR YEAR

* LAS BAMBAS EXPECTED TO DELIVER AROUND 2 MILLION TONNES OF COPPER PRODUCTION IN FIVE-YEAR PERIOD FROM 2021 TO 2025

* BEYOND 2025, CO REMAINS CONFIDENT THAT STRONG PRODUCTION PROFILE CAN BE MAINTAINED

* DE-BOTTLENECKING & OPTIMISATION WORKS ANTICIPATED TO INCREASE DUGALD RIVER MINE CAPACITY FROM 1.75 MILLION TO OVER 2 MILLION TONNES P.A. BY 2022

* Q4 TOTAL MOLYBDENUM PRODUCTION 241 TONNES, DOWN 46%

* Q4 TOTAL LEAD PRODUCTION 13,579 TONNES, DOWN 19% Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)