LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-25)

Atico Mining Corporation has secured key environmental permits for its La Plata copper-gold project in Ecuador, marking a major milestone toward construction readiness. The company confirmed that Ecuador’s Ministry of Environment granted the Environmental License along with additional regulatory registrations, enabling further progress toward development. CEO Fernando Ganoza stated the project is now nearing a construction decision, expected in Q2-Q3 2026, following years of exploration, feasibility studies, and environmental assessments.

Chile's Antofagasta mining company released its Q1 2026 production report. CEO Ivan Arriagada stated that he was pleased to report another quarter of strong cash cost performance. The group's net cash cost for the quarter was 108¢ per pound, with Los Pelambres mine at 72¢ per pound and Centinela mine at 34¢ per pound. This fully demonstrates the quality of the company's asset portfolio, including our significant exposure in gold and molybdenum operations.

Johannesburg, South Africa — Ivanhoe Mines Executive Co-Chairman Robert Friedland, Co-Chairman Hao Weibao, and President and Chief Executive Officer Marna Cloete announced the company's Q1 2026 production results, along with the latest updates on operations and project development.In Q1 2026, Kamoa-Kakula produced a total of 71,000 mt of copper anode and blister copper, including 64,000 mt of copper anode from the on-site direct-to-copper smelter at the Kamoa-Kakula mine, and 7,746 mt of blister copper processed at the Kolwezi Lualaba copper smelter. In addition, the on-site copper smelter at the Kamoa-Kakula mine produced 118,000 mt of concentrated sulphuric acid as a by-product during the quarter.