Industry ChallengesCopper mines in Chile are currently struggling to deliver steady production due to factors such as labour shortages, permitting delays, and undercapitalised mine development.
Operational ChallengesWe see near-term operational challenges at Centinela, such as the recent lower grades and recovery challenges, which pose risk of a downgrade to guidance at the SepQ result.
Regulatory RisksThere are still some residual production risks as the Zaldivar mining permit is due to expire, and a lengthy review process could conceivably lead to a mining suspension if the permit is not granted on time.