Guidance ShortfallAnalyst indicates 2026 production guidance is below consensus, which could disappoint investors and place downward pressure on the share price given lower near‑term volumes.
Rising Unit CostsAnalyst attributes guided higher cash costs to lower ore grades, reduced production and modest inflation, raising concerns about near‑term margins and free cash flow.
Working Capital And LeverageAnalyst warns timing of Mantoverde sales caused copper sales to lag payable production, contributing to negative working capital and an increase in net debt, which could constrain financial flexibility.