According to the analyst, the latter point to significantly impacted base metals companies, which tend to have more contribution from the by-product. “On average, C1 cost guidance of base metals companies under our coverage has increased by 13% since 2022 guidance was first released, while precious metals producers under our coverage have seen cost guidance increased by 2%,” wrote Przybylowski in an August 16 research note.
“Across our coverage universe (royalty/streamers excluded), 2022 unit cost guidance has increased by 7% since it was initially released.”
The analyst points out the low point represents an opportunity for some companies to double down on share buyback programs. “What we hope is a low point in market sentiment, and a high watermark for operating costs can present an attractive reinvestment opportunity for companies with outstanding share buyback programs — this includes Teck Resources (TSX:…
