Freeport says Cerro Verde to return to pre-Covid-19 levels next year

US copper producer Freeport-McMoRan said its Cerro Verde copper mine in Peru is expected to be back at pre-Covid-19 pandemic levels in 2022.

This will see the mine, in which Freeport owns a 53.56% stake, return to around 400,000 tonnes of ore per day.
During the first quarter of 2021, Cerro Verde's concentrator facilities exceeded planned milling rates and averaged 390,100 tonnes of ore per day.

It is expected to operate at an estimated milling rate of 360,000 tonnes of ore per day for the remainder of 2021,...

Rising metals price volatility over past month

Gold stocks surge ahead of equities on metal price gain

Base metals outlook for 2026 opaque after decent rise last year

Gold and silver stocks far outpace the major markets

Bank of Japan boosts rates, continuing an unwinding carry trade