Increase in Zinc Market Prices
The LME zinc price averaged $2,838 per ton, reflecting a 16% increase year-over-year.
Copper and Silver Price Improvements
LME copper price averaged $9,340 per ton, up 11% year-over-year, and the LME silver price averaged $32 per ounce, up 37% year-over-year.
Cerro Pasco Integration Project Progress
Phase 1 of the Cerro Pasco Integration project, including the tailings pumping and piping system, is progressing on schedule.
Adjusted EBITDA and Margin
Adjusted EBITDA reached $125 million, with a margin of 20% for the quarter.