Cost And PerformanceResults were weaker at both Caraiba and Xavantina, mostly due to higher-than-expected costs.
Guidance ReductionThe company updated its 2025 copper production guidance to 75-85Kt, below the previous 95-105Kt, due to expected ramp-up of Tucumã.
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.