This improvement was a result of higher zinc and gold byproduct credits and higher copper production, the company said. Sustaining cash cost per pound of copper produced (net of byproduct credits) was $1.87 in the second quarter compared to $2.29 in the first.
Given that its second quarter metal production and costs were both in line with expectations, the company has therefore reaffirmed its full year guidance, including 101,000-131,000 tonnes of copper and 220,000-275,000 ounces of gold.
“Our operating performance was strong during the second quarter with higher consolidated copper and gold production and lower consolidated cash costs,” CEO Peter Kukielski said in a news release.
“This was a result of a continuous focus on operating efficiencies which has allowed us to reaffirm our production and operating cost guidance for 2022. We have seen steady performance from our operations in Peru and the New Britannia mill in…
