China April copper, zinc production up m/m; lead output down

The company plans to reinvest the proceeds in its domestic operations.

The company beat estimates thanks to increased production of copper and gold at its Oyu Tolgoi mine in Mongolia.

Despite strong metal prices, revenue fell to $313.6 million for the period, compared to $322,3 million for the last quarter of 2020.

Codelco is in the midst of a 10-year, $40 billion initiative to upgrade its sprawling but aging mines.

The company has more than doubled its footprint in the largest copper producing US state.

The US Treasury sanctioned Gertler, accusing him of leveraging his friendship with former president Kabila to secure lucrative mining deals.

Pre-Feasibility Study is expected to be released in the second half of 2021.

Whether the world's copper miners can meet that demand is a moot point, given chronic past underperformance and a lengthening list of supply threats.

The index measures the performance of the large and mid-cap segments of Canada's market.