teck to close lennard shelf mine in august, page-5

But Galvo, the facts are these - a great copper/gold producer with even better, nearly completed world-class projects buys a zinc company, probably overpays for it, increases it's production mix to 65% zinc (was 60% copper and gold), tehn zinc falls to multi-year lows and now we are pinning our hopes on the fact that this commoditiy is so unwanted that some producers can't be bothered with it anymore.
Two points - (1) this simply illustrates just how bad the "merger" decision really was and (2) when zinc rises, production will again increase, which gets us right back to where we are now.