Record Consolidated Copper Production
The company achieved record consolidated copper production in Q2, contributing to strong financial performance.
Improved Operational Performance at Caraíba
Caraíba saw a 25% increase in copper production compared to Q1, along with a 50% reduction in unplanned infrastructure downtime.
Mechanization Success at Xavantina
Mechanization at Xavantina led to a 17% increase in gold production versus Q1, with less dilution than manual methods.
Strong Financial Metrics
Adjusted EBITDA of $82.7 million and adjusted net income of $48.1 million, with a solid liquidity position of $113 million.
Deleveraging Progress
Net debt-to-EBITDA ratio improved from 2.4x to 2.1x due to debt repayments and stronger EBITDA.