Partnership with Mitsubishi for Copper World
Secured a strategic joint venture with Mitsubishi for the Copper World project, providing an initial contribution of $600 million, enhancing financial strength and reducing future equity contributions for project development.
Improved Cost Guidance
Improved full-year consolidated cash cost guidance to a range of $0.15 to $0.35 per pound of copper, reflecting strong cost performance and operational efficiency.
Debt Reduction Achievements
Repurchased and retired $13.2 million of senior notes in Q3 and an additional $20 million post-quarter, reducing total debt by approximately $330 million since 2024, with a net debt to EBITDA ratio of 0.5 times.
Strong Gold Production in Peru
Gold production in Peru exceeded expectations, with the fourth quarter expected to be the strongest for copper and gold production this year.