Commodity PricesCopper prices rose substantially in Q1, followed by a sharp drop in recent days due to U.S. tariffs, despite this, copper remains high at >$4.00/lb.
Copper ProductionCopper production was lower than estimated due to a scheduled annual maintenance shutdown, affecting operations more than anticipated.
Operational CostsCash costs came in at $2.22/lb, above our estimate of $1.88/lb.