Consolidated copper production is expected to increase by approximately 85% to 110% year-on-year to a range of 75,000 and 85,000 tonnes at consolidated C1 cash costs between $1.55 and $1.80 per pound of copper produced with the Tucuma Operation expected to achieve commercial production in H1 2025. The Xavantina Operations are expected to produce 50,000 to 60,000 ounces of gold at C1 cash costs between $650 and $800 per ounce of gold produced and all-in sustaining costs between $1,400 and $1,600 per ounce of gold produced. Capital expenditures are projected to decrease significantly year-on-year to between $230 to $270 million in 2025. Full-year capital estimates include the continued construction of the new external shaft at the Caraiba Operations’ Pilar Mine as well as the advancement of the Furnas Copper-Gold Project.
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