Ugly quarter with lots of waste rock movement and lower grade ore with lots of oxidation and clays, throw in some Covid workforce absences and supply chain problems for spare parts plus lower copper prices and higher fuel prices and its a fairly typical story of a lot of low grade open pit operations in Canada and Australia. Some of these things are operation specific/transitory issues, but the price of copper and price of diesel are the ones to watch (but difficult to predict).
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- Ann: Copper Mountain Mining Announces Q2 2022 Financial Results
Ann: Copper Mountain Mining Announces Q2 2022 Financial Results, page-14
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