Cost ManagementAdditional US$150-200M integration costs for development, shaft capacity expansion, and new pipeline for tailings are not expected to be offset by life-of-mine extension at current estimates.
EarningsThe Q1 adjusted loss per share was below expectations due to FX losses and higher minority interest.
ProfitabilityLower estimates on the company’s Management segment, resulting in a 7% cut to EBITDA and 9% for adjusted income.