Copper Production

Altiplano Metals partners with Andes Core Mining to ramp up development at the Santa Beatriz copper-gold-iron mine in Chile. A two-year agreement focuses on underground mine development, with operations starting in July and ore processing in September. Initial production targets are 3,000 tons per month, scaling to 5,000 tons within six months. This aims to maximize supply to Altiplano’s El Peñón processing facility. Development includes a 75m ramp to access the Santa Beatriz vein. Potential economic/technical risks exist due to the absence of a feasibility study.

Ivanhoe Mines’ Kamoa-Kakula Copper Complex reports stabilized underground water levels, with dewatering of the eastern side of the Kakula Mine scheduled for August. Revised 2025 production guidance is set between 370,000 and 420,000 tonnes of copper. The smelter is expected to commence in September, with the first anode in October. A conference call for investors is planned for June 12, 2025.