Commodity TailwindsStronger copper prices boost revenue and free cash flow given meaningful copper exposure, improving margins and investor appeal.
Cost ControlCost actions such as excluding stock-based compensation from cash-cost metrics and trimming sustaining capital reduce all-in sustaining costs and protect margins in a weak macro environment.
Growth ProjectsThe Magino acquisition and the Phase 3 expansion at Island Gold expand production optionality and support longer-term growth expectations.