AcquisitionSeveral key shareholders, who collectively own about 20% of the shares outstanding, have confirmed that they will vote in favor of the acquisition.
Debt RestructuringDuring the quarter, MAC paid off the Mezz facility and upsized its revolving credit facility to US$125m, resulting in a ~30% reduction in debt costs.
Financial PerformanceManagement reaffirmed guidance and pointed to March performance, which delivered 4kt of copper in the month to show the potential of the mine.