Reports Q2 revenue $163.5M, consensus $218.22M. Consolidated second quarter copper production was a record 15,513 tonnes, reflecting the continued ramp-up of the Tucuma Operation as well as higher grades and mining rates at the Caraiba Operations. “We made meaningful progress towards the achievement of our 2025 strategy during the second quarter,” said Makko DeFilippo, President and Chief Executive Officer. “Highlights included the continued ramp-up and declaration of commercial production at Tucuma, the initiation of debt repayment, and the early completion of Phase 1 drilling at Furnas ahead of schedule. Operational performance across all of our assets improved in Q2 with record consolidated copper production, and we are encouraged by the momentum we are carrying into the second half of the year, driven by optimization and technology initiatives we executed in H1 2025.”
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