Operational Challenges2024 production results were below previous guidance, primarily due to Tucumã's ramp-up challenges, including power disruptions and tailings filtration circuit issues.
Production ChallengesQ2 production missed expectations as ERO produced 6.4kt copper, below the consensus of 9.2kt, due to repairs and modifications to the process plant.
Production GuidanceThe company updated its 2025 copper production guidance to 75-85Kt, below the previous 95-105Kt, due to expected ramp-up of Tucumã.