Metro Mining (MMI:AU) has announced 2025 Financial Results
Download the PDF here.
Metro Mining (MMI:AU) has announced 2025 Financial Results
Download the PDF here.
Longtime MLB umpire Bruce Froemming has died at the age of 86, his family confirmed to The Athletic.
Froemming’s sons told The Athletic and Associated Press that Froemming fell at his home in Wisconsin on Tuesday and hit his head on the hardwood floor. He was taken to a hospital in Milwaukee, according to his family, before succumbing to a brain bleed that medical personnel were unable to stop. Froemming had been on blood thinners.
Froemming worked 5,163 MLB games, which is the third-most games by an MLB umpire, over 37 consecutive baseball seasons beginning in 1971. Among those games, he worked five World Series and was on the field for 11 no-hitters.
Froemming was behind the plate for no-hitters by Milt Pappas (1972), Ed Halicki (1975), Nolan Ryan (1981) and José Jiménez (1999).
Froemming retired in 2007, when his total games worked stood second behind Bill Klem’s 5,373. Both Froemming and Klem were surpassed by Joe West, who worked 5,460 games before he retired in 2021.
Following his retirement, Froemming served as a special assistant to the league’s vice president on umpiring.
INDIANAPOLIS – By definition, the NFL draft is inherently a young man’s game.
But while there are no literal graybeards among this year’s class of prospects, a number of players are set to become rookies despite resembling veterans in age. And they’re doing so at a moment when personnel decision-makers have reconsidered a longstanding aversion to older prospects.
‘If it’s close between players and you have a 20-year-old and a 25-year-old, obviously you’re going to take the 20-year-old,’ NFL Network draft analyst Daniel Jeremiah said this week at the scouting combine. ‘But teams are not as concerned with the age going through this process.’
With the NCAA in 2020 granting an extra year of eligibility to all players, the NFL saw a three-year spike in draftees who were 24 years or older, peaking in 2024 with 56 selected. This year’s total won’t approach that high-water mark, with a smaller group constituting the last wave of sixth-year seniors.
But with the NIL boom driving a substantial reduction in underclassmen declarations – 63 this year, less than half the number (128) from five years ago – it’s readily apparent that the latest class is continuing to skew older and more experienced. And NFL front offices, having already rethought their previous norms around age, are prepared.
‘I don’t believe a 25-year-old is old,’ Cincinnati Bengals director of player personnel Duke Tobin said. ‘I think a 25-year-old is young, still has a lot of football left in his body. It’s a data point. It’s something we’re aware of. It might affect the longevity down the road. But sometimes it can also be a benefit in a guy being more mature in his body or a little more stable in how he conducts himself in his personal life.
‘Age is a number. Guys are playing longer these days. It’s a factor, but it’s not a big factor for us.’
There’s a clear choice for the flagbearer of this year’s 24-and-up movement.
Miami defensive end Akheem Mesidor, who will turn 25 in April prior to the draft, wears his age proudly. The Ottawa native blossomed in his final season with the Hurricanes, recording 12 ½ sacks and helping lead the charge for the Hurricanes’ run to the national championship game. Now, he could join Rueben Bain Jr., his more highly hyped pass-rushing partner, in the first round.
For Mesidor, his atypical timeline for arriving in the pros is a source of strength.
‘You can call me a seasoned rookie – whatever you want to call it,’ Mesidor said with a smile at the combine. ‘I’m coming in more mature, with a different approach and a different mentality than a lot of younger guys.’
There are a handful of other 24-year-old offensive and defensive linemen joining Mesidor in this class. In recent years, the fronts have often featured the heaviest volume of similarly aged players, Green Bay Packers general manager Brian Gutekunst said.
An age outlier, however, can be found at almost any position.
The phenomenon was thrust into the spotlight in 2024 when quarterbacks Michael Penix Jr. and Bo Nix were each selected in the top 12 picks despite being sixth-year seniors who were already 24 on draft day. Tyler Shough represented an even more extreme test case for teams, as the seventh-year senior and eventual second-round pick of the New Orleans Saints turned 26 before making his first start last fall.
This year, UConn quarterback Joe Fagnano – a former Maine transfer and possible late-round pick – also was invited to the combine after staying in the collegiate ranks for eight years.
At running back, South Carolina’s Rahsul Faison turned 26 last week. He’s multiple months older than both the Dallas Cowboys’ Javonte Williams and the Los Angeles Rams’ Kyren Williams – each of whom has logged more than 800 carries in the NFL and already signed a second contract.
When it comes to positions that allow for shorter career windows, the notion of using a pick on a player who has a limited time left to remain at or near his athletic peak can be daunting. Miami cornerback Keionte Scott, who played a has a counterargument.
‘I’ve heard that going around, but I feel like this game that we play is a win-now game,’ said Scott, 24. ‘That takes a lot of the age things away.
‘These teams, some of these coaches don’t have time to waste. … When you play this game, it doesn’t matter how old you are.’
First-year Miami Dolphins general manager Jon-Eric Sullivan agrees, but with a caveat.
‘I think if you can help it, you don’t want a player close to going into a second contract around 30 years old,’ Sullivan said. ‘Having said that, with the climate of college football, there are situations where you’re going to have to consider that to get good football players.’
But Jeremiah cited a running joke in football circles: Amid all the focus on second contracts for older draft prospects, general managers are also seeking additional contracts of their own – and therefore pursue immediate assistance in whatever form it might come.
‘Let’s try to get 4-5 good years out of this player, and if he gives us that and we move on, it’s a good pick,’ Jeremiah said.
The reality of the current draft dynamic hit Kansas City Chiefs general manager Brett Veach in January. That’s when the league holds its annual underclassmen declaration deadline.
With so many players opting to go back to school, the Chiefs removed approximately 25 prospects from the team’s board of the overall top 75-100.
‘It really impacts the draft, and there are some older prospects as you go on,’ Veach said. ‘I don’t think that’s gonna change anytime soon, and that’s something that we have to adapt to until there are some wholesale changes on the college side. I think this is just the way things are gonna work now.’
Gutekunst, however, isn’t so sure that the draft landscape will remain this way for the foreseeable future.
‘I think for the next year or so that we’ll be in that window, and then we’ll gradually graduate out of it,’ Gutekunst said.
The biggest fallout for the league can be in its developmental pipeline. This is often reflected on Day 2, Veach said, which is frequently the landing spot for some players who have a wide gulf between their promise and their pro readiness.
‘Typically in the second or third round would be those guys who didn’t play a lot, but they’re young,’ Veach said. ‘Well, now they’re just bouncing to another school and getting paid while playing. So with these younger developmental guys, you’re getting a bit more of a finished product.’
Regardless of whether the pool of prospects changes, NFL decision-makers have already made up their minds on the issue.
In his first draft as general manager of the Las Vegas Raiders, John Spytek selected two players who had already turned 24: third-round cornerback Darien Porter and sixth-round wide receiver Tommy Mellott. With a robust roster reset at hand, Spytek didn’t want age to be a disqualifying factor.
‘Our analytics department gets mad at me anytime we put a guy up there who’s a little bit older,’ Spytek said. ‘But we’re just looking for good football players.’
Minnesota Timberwolves’ guard Anthony Edwards has been fined $25,000 by the NBA for throwing the game ball ‘with force’ into the stands during halftime of Minnesota’s 124-121 road win over the Portland Trail Blazers on Tuesday.
The incident occurred at the end of the second quarter, when Edwards snagged a rebound off a Portland miss, then faked a heave to end the half. After the buzzer had already sounded, Edwards launched the ball toward the basket and struck someone standing nearby.
Edwards did not throw the ball out of anger or frustration, but the ball did clearly hurt the bystander.
You can watch the full video of the incident here, on nba.com.
He’s certainly no stranger to fines. Last year, Edwards was fined $420,000 across eight transgressions, mostly for foul language used in interviews with the press following games.
Funny enough, Orlando Magic guard Desmond Bane was also fined $25K for throwing a ball into the stands ‘with force’ during the team’s Tuesday night win against the Los Angeles Lakers. Bane’s incident occurred at the end of the game.
You can watch that incident here.
They always find out.
Students have tried for years to hide report cards from their parents after getting bad grades in school, but no forged signature is ever enough to prevent the truth from coming out. While the NFL won a grievance against the NFL Players Association (NFLPA) on Feb. 13 to prevent the annual release of ‘Team Report Cards,’ it wasn’t enough to stop the leak.
The Miami Dolphins ranked No. 1 in the report cards for the third consecutive season, according to the report that was obtained by ESPN. The Minnesota Vikings ranked second and the Washington Commanders rounded out the three highest-rated franchises for 2026.
There was a change at the bottom, however, as the Pittsburgh Steelers checked in at No. 32 for the first time in the report card’s four-year history. Pittsburgh received low marks, especially for facilities. The results included owner Art Rooney’s ranking last for willingness to invest in facilities and the Steelers’ locker room, which also received a failing grade.
The team’s field ranked last ‘by a wide margin,’ highlighting a need for more investment to increase the standard. Acrisure Stadium’s grass turf was the subject of discussion after it was particularly torn up during a Week 6 game between the Steelers and Browns.
Also ranking in the bottom-three were the Arizona Cardinals at No. 31 and Cleveland Browns at No. 30.
This year’s survey includes results from 1,759 players and it was open from Nov. 2 to Dec. 11.
The overall grades range from A-plus to F-minus across 17 different categories. Those categories are:
Players awarded only 15 A-plus grades across the league, with the Commanders receiving the most with three different categories. There were nine F-minus grades, with the Steelers and Cincinnati Bengals each getting one in two different categories.
It’s unclear how the league will react to the leak, since the grievance claimed that the report cards shouldn’t be released because they violated the collective bargaining agreement between the two parties. The ruling also barred the NFLPA from ‘publishing or publicly disclosing the results of future player Report Cards.’
Following the decision, the NFLPA said it would continue to collect the survey results, but wouldn’t release them.
Players, both current and former, were quick to criticize the grievance decision. Now those results have, at least in part, been revealed.
They just won’t be going on the fridge anytime soon.
As February turns to March and the men’s college basketball season winds toward its conclusion, there are plenty of high-stakes offerings on this weekend’s schedule for your viewing enjoyment. We can’t promise two top-five clashes like we had last week in this space, but the slate makes up for that in quantity with no fewer than a half dozen USA TODAY Sports Coaches Poll Top 25 showdowns over the course of the weekend.
That lineup begins Friday night in the Big Ten and continues into a Saturday marathon that opens with a first-place showdown in the ACC and also features a doubleheader in the SEC.
BRACKETOLOGY: A new No. 1 seed emerges in March Madness projection
Without further ado then, let’s get to this week’s Starting Five – plus a few coming in off the bench.
Time/TV: Friday, 8 p.m. ET, Fox.
The Wolverines are three games clear in the Big Ten race entering the regular season’s penultimate weekend, and in all likelihood they’ve already done enough to merit a No. 1 NCAA regional seed. The Fighting Illini’s recent run of tough overtime losses cost them both of those goals, but a win here would provide a huge confidence boost heading into March. The good news for Brad Underwood’s squad is Illinois is one of the few teams with the frontcourt strength and depth to match up with the Wolverines. The Illini also have more reliable perimeter shooting, thanks mainly to Keaton Wagler, but Michigan’s Elliot Cadeau shook off his rough outing against Duke with a more accurate night against Minnesota.
Time/TV: Saturday, noon ET, ESPN.
It’s a surprising fight for the top position in the Atlantic Coast Conference. The Blue Devils of course were expected to be in this position in the ACC. The new-look Cavaliers were more of a mystery at the start of the season but have meshed together well in Ryan Odom’s initial campaign. Duke’s Cameron Boozer is the odds-on favorite to be named league player of the year, but UVa’s Thijs De Ridder has a strong case for all-conference accolades putting up 16.0 points and 6.3 rebounds a game.
Time/TV: Saturday, 4 p.m. ET, ESPN.
The Wildcats shook off their recent two-game skid and have retaken control of the crowded Big 12. The wildly inconsistent Jayhawks go for a rare season sweep of Arizona, but leaving the McKale Center with a win is never easy. KU’s defensive effort against Houston in its most recent outing was arguably its best of the season, and Flory Bidunga and the rest of the Jayhawks will have to be just as connected to handle the Wildcats’ numerous offensive threats. Arizona will still likely be without Koa Peat due to a leg injury, but Brayden Burries and Jaden Bradley are also capable of taking over a game.
Time/TV: Saturday, 4 p.m. ET, CBS.
Elsewhere in the Big 12, the Cyclones look to add to their collection of quality home-court victories and stay in the hunt for a No. 1 NCAA seed. The game is no less important for the Red Raiders, who need to show they can still compete for a championship despite losing their best player. With J.T. Toppin sidelined, Texas Tech has relied more on long-range scoring from Christian Anderson and Donovan Atwell, but LeJuan Watts has also stepped up to help on the glass. Iowa State can get points in a variety of ways but is at its best when the ball finds Milan Momcilovic and Joshua Jefferson close to the bucket.
Time/TV: Saturday, 6 p.m. ET, ESPN.
In truth these SEC contenders are more than likely playing for second place in the league at best, but securing a top-four seed in the upcoming conference tournament is an important priority. That became a concern for the Volunteers with their midweek loss at Missouri. Usually their solid team defense would give them an excellent chance to successfully defend their home court, but they need to find Crimson Tide sharpshooters Labaron Philon and Aden Holloway quickly. While it might appear at times that defense is optional for Alabama, the Tide at least need to limit second-chance opportunities for Vols standout freshman Nate Ament.
Time/TV: Saturday, 8 p.m. ET, Fox.
The Red Storm must put Wednesday night’s dismantling at the hands of Connecticut behind them quickly as they return home to the more friendly environs of Madison Square Garden. But the game is just as vital for the Wildcats, whose March staying power remains very much in question. St. John’s desperately needs a fast start to erase the memory of the 0-for-24 finish at UConn, which will likely mean getting Zuby Ejiofor involved early. Villanova will need Duke Brennan to hold his own on the boards and stay out of foul trouble.
Time/TV: Saturday, 8:30 p.m. ET, ESPN.
The Gators look to run their winning streak to nine and in the process lock up the SEC regular-season title. The Razorbacks must win in Gainesville then get some help in order to catch Florida, but they’re also looking to continue the momentum of five wins in six games. The presence of Darius Acuff gives Arkansas a shot in every game, howevert the improved production from the Gators guard tandem of Xaivian Lee and Boogie Fland has raised the team’s ceiling considerably.
Time/TV: Saturday, 10:30 p.m. ET, ESPN.
The day concludes with a final edition of West Coast Conference after dark, though there will probably be yet another encounter between these long-time league rivals in a little over a week before Gonzaga departs for the new Pac-12. Gonzaga has the top seed clinched, but the Gaels would nevertheless like to leave the Zags with one last impression of their Moraga, California, campus before the programs part ways. Graham Ike and the rest of Gonzaga’s veteran lineup won’t be rattled by a hostile student section, but the Saint Mary’s interior defense of Andrew McKeever and Paulius Murauskas could prove more difficult to solve.
1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB,OTC:AUMBF) (OTCQX: AUMBF) (FRA: 2KY) announces that, pursuant to the Company’s long-term incentive plan (the ‘LTIP’), it has granted stock options (the ‘Options’) to Suzette Ramcharan, an employee of the Company who provides investor relation services, to purchase 500,000 shares of the Company (the ‘Shares’) at a price of $1.15 per Share until February 25, 2031. The Options will vest ¼ three months after the date of the grant; ¼ six months after the date of the grant; ¼ nine months after the date of the grant; and ¼ twelve months after the date of the grant. The foregoing Options are subject to acceptance by the TSX Venture Exchange.
About 1911 Gold Corporation
1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production story with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.
1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, ‘forward-looking statements‘). Often, but not always, forward-looking statements can be identified by the use of words and phrases such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or that describe a ‘goal’, or variations of such words and phrases, or statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.
All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the terms of the Options, the ability of the Company to receive necessary regulatory approvals for the grant of the Options, and the planned restart of mining operations in 2027, and the timing of such event.
Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE 1911 Gold Corporation
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Copper miners with productive assets have much to gain as supply and demand tighten.
The price of copper reached new all-time highs in 2026 on both the COMEX in the United States and the London Metals Exchange (LME) in the United Kingdom.
In 2025, the copper price on the COMEX surged during the third quarter as it climbed to US$5.94 per pound after the White House announced tariffs on the red metal in late August. However, prices moderated in August after refined products were excluded. However, as the quarter ended, supply and demand fundamentals took over, pushing the price back to historic highs, reaching US$11,067.50 per metric ton on the LME on October 29.
Since that time, the price has maintained momentum, and on January 29, the copper price reached record highs of US$6.61 per pound on the COMEX and US$14,572.54 per metric ton on the LME.
Copper is one of the most important resources for the energy transition, but demand for the red metal is outpacing mining supply. While construction and electrical grids have long been major markets for copper, today the rise in demand for electric vehicles, EV charging infrastructure and energy storage applications are emerging drivers of copper consumption.
Another trend driving future copper demand is the rapid urbanization in the Global South, as rural populations migrate to cities, putting pressure on electricity grids.
Due to the challenges associated with finding, developing, permitting and mining copper deposits, the higher demand is being met by slow growth of new supply. Mines that are in operation tend to be quite large and operate for decades as copper producers concentrate on mine expansions and brownfield projects aimed at extending mine lifetimes.
Given those factors, investors should keep an eye on the world’s top copper miners and their operations.
This list of the 10 largest copper-mining companies in the world is ranked by attributable copper production for 2024.
Copper production: 1.5 million metric tons
BHP is one of the world’s largest mining companies, and its global portfolio of assets includes significant copper mining operations in Chile, Australia and Peru.
According to the company’s quarterly operational review data, the mining giant’s attributable copper production totaled 1.5 million metric tons across the calendar year 2024.
Its most significant copper asset is the Escondida mine, the world’s largest copper mine. BHP holds a 57.5 percent stake in the Chilean operation, which produced 1.24 million metric tons of copper in 2024, of which 713,805 was attributable to BHP. Its other Chilean copper operation is its wholly owned Pampa Norte mine, which produced 313,600 metric tons of copper in 2024.
BHP also owns the Olympic Dam polymetallic mine, the largest mine in Australia. The South Australian mine hosts one of the world’s largest copper deposits as well as the largest uranium deposit. In 2023, BHP expanded its portfolio in the state with its acquisition of OZ Minerals and its Prominent Hill and Carrapateena copper operations.
In January, BHP announced its acquisition of Filo Mining and its Filo del Sol project located Argentina. As part of the announcement, BHP said it had formed a joint venture company with Lundin Mining Corporation (TSX:LUN,OTC Pink:LUNMF) to combine Filo del Sol with Lundin’s Josemaria project in the Vicuna mining district, with each company owning a 50 percent stake.
Copper production: 1.44 million metric tons
The Chilean state-owned Codelco is the world’s third-largest producer with copper production of 1.44 million metric tons in 2024. According to its 2024 annual report, its copper output increased 1.2 percent from 1.42 million metric tons in 2023.
Its largest asset is the Chuquicamata mine located in Northern Chile, between 2017 and 2021 annual production was in the 700 million to 850 million pound range. However, lower grades in recent years have led to production falling below 600 million pounds. In 2024, Chuquicamata increased slightly to 637 million pounds.
The mine transitioned from an open pit to an underground mine beginning in 2019. In its operational report for the quarter ending September 30, the company stated that Phase 1 of its continuity infrastructure project had reached 85 percent completion. It added that feasibility studies were underway for potential expansion of the current mine level, as were prefeasibility studies assessing ‘the development of a potential deeper mine level.’
The company’s other significant Chilean mines include El Teniente, Quebrada Blanca and Andina.
Copper production: 1.26 million metric tons
Freeport-McMoRan is consistently ranked among the world’s top copper producers, and its share of copper production from its mines totaled 1.26 million metric tons of copper in 2024. The company reported producing 4.21 billion pounds, or 1.9 million metric tons, of the red metal, calculated on a 100 percent basis for all operations except its Morenci joint venture.
The largest contributor to its output is the Grasberg copper-gold mine in Indonesia. The mine itself is a joint venture between Freeport and state-owned Indonesia Asahan Aluminum, with the entities holding interests of 48.76 percent and 51.24 percent respectively. According to MDO, copper output for the mine in 2024 totaled 1.8 billion pounds.
Grasberg has undergone a transition from an open pit to an underground block cave, and expansion work continues at the site. As of the close of 2024, the mine had 469 open drawbells.
In September, the main Grasberg Block Cave suffered an ingress of wet material that killed seven workers and forced the closure of the operation. While Freeport stated that unaffected portions of Grasberg would open by the end of 2025, the Grasberg Block Cave would see a phased restart beginning in the second quarter of 2026, and increasing through the end of the year and into 2027.
Additionally, Freeport holds a 55 percent stake in the Cerro Verde copper-molybdenum complex in Peru. The mine routinely produces between 800 million and 1 billion pounds of copper and is expected to be in operation until 2052.
Its largest US based operation is its 72 percent owned Morenci mine in Arizona, which produced 700 million pounds in 2024. It also owns the Safford and Sierrita mines in the same state.
Copper production: 951,600 metric tons
Mining major Glencore copper production dipped by 6 percent in 2024 to 951,600 metric tons from the 1.01 million metric tons produced in 2023. The company’s 2024 annual report attributed the decline to lower planned production at its Antapaccay and Collahuasi mines due to factors including lower grades, water constraints and geotechnical challenges.
Located along Chile’s coast, Collahuasi is the company’s largest operation, a 44/44/12 joint operation between Glencore, Anglo American (LSE:AAL,OTCQX:NGLOY) and Japan’s Mitsui & Co. (OTC Pink:MITSF,TSE:8031). The mine produced 558,600 metric tons of copper in 2024.
The partners are working to build a large-scale desalination plant designed to help overcome water shortage issues. In Glencore’s third-quarter production report, it indicated that water restrictions at Collahuasi have eased since the staged commissioning started, with further improvements through Q4. Once open, it will provide 1,050 liters of desalinated water per second to the mine via a 194 kilometer pipeline.
Other significant copper-producing assets in the company’s portfolio include Antamina in Peru, Mount Isa in Australia and the Katanga Complex in the Democratic Republic of the Congo.
Copper production: 883,462 metric tons
A majority-owned, indirect subsidiary of Grupo Mexico (OTC Pink:GMBXF), Southern Copper recorded 883,462 metric tons of total copper production for 2024, a 6.9 percent increase over 2023. In the company’s 2024 results, the company attributed the increase to higher production across all operations, with a 10.7 percent increase from its Peruvian assets and a 4.3 percent increase from Mexican production.
The company operates major copper mines in Peru and Mexico and has exploration projects in Argentina, Chile, Ecuador, Mexico and Peru.
Its largest copper-producing asset is the Buenavista mine in Northern Mexico, which sits atop one of the world’s largest porphyry copper deposits. According to MDO, the site produces approximately 700 billion to 750 billion pounds of copper per year.
Its other copper operations include the Cuajone and Toquepala mines in Peru and the La Caridad mine in Mexico.
Copper production: 772,700 metric tons
British miner Anglo American reported a 6.5 percent decrease in copper production to 772,700 metric tons from 826,200 metric tons in 2023.
The company attributed the decline to lower recovery and grades at the Collahuasi and Los Bronces operations in Chile, noting that the planned closure of the Los Bronces processing plant also impacted production. The company holds a 44 percent stake in Collahuasi and 50 percent in Los Bronces.
In addition to Collahuasi, the company also owns a 60 percent stake in the Quellaveco mine in Peru, with Mitsubishi owning the remaining 40 percent. The open pit mine started operating in 2022 and, according to MDO, produced 675 million pounds of copper in 2024.
It also owns a 50 percent stake in the El Soldado mine in Chile, which it operates in partnership with Mitsui, which holds a 30 percent stake, and Mitsubishi Materials (OTC Pink:MIMTF), which holds the remaining 20 percent. Data from MDO shows that the mine produced 48,200 metric tons of copper in 2024.
On September 9, Anglo American announced plans to combine with Canadian mining giant Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) in a ‘merger of equals’ to form Anglo Teck, which would be headquartered in Canada. The merged company would focus on critical minerals and become a top-five global copper producer.
Copper production: 729,700 metric tons
Poland’s KGHM Polska Miedz has operations in Europe, North America and South America, and says that it controls over 40 million metric tons of copper ore resources worldwide. In 2024, KGHM produced 729,700 metric tons of copper, a slight increase from the 710,900 metric tons of copper produced in 2023.
According to MDO, KGHM’s largest operation is the Polkowice-Sieroszowice mine in Western Poland. The mine has been in operation since 1968 and produces approximately 430 million to 440 million pounds of copper annually.
The company’s Polish operations also include the Rudna mine, which produced 338 million pounds of copper last year, and the Lubin mine, which produced 156 million pounds.
Other options under the KGHM banner include the Robinson mine in Nevada, United States, and the 55 percent owned Sierra Gorda mine in Chile.
Copper production: ~502,600 metric tons
CMOC Group is a new addition to the top 10 after its copper production jumped significantly in 2024, with its share of production from its joint venture copper-cobalt mines in the Democratic Republic of the Congo totaling approximately 502,600 metric tons. On a 100 percent basis, the company reported annual copper production of 650,161 metric tons.
The majority of CMOC’s copper production came from its Tenke Fungurume copper-cobalt mine, an 80/20 joint venture with the state-owned mining firm Gecamines. According to MDO data, the mine has experienced significant growth over the past few years, ramping up from 400 million pounds of copper in 2020 to 618 million pounds in 2023. In 2024, Tenke Fungurume’s copper production soared to 992 million pounds, or 450,138 metric tons.
Its other DRC mine is Kisanfu, a 71/24/5 joint venture with Chinese battery manufacturer Contemporary Amperex Technology (SZSE:300750) and the DRC government. The mine produced 200,013 metric tons of copper cathode in 2024, up substantially from 114,000 in 2023.
Copper production: 448,800 metric tons
Antofagasta’s share of copper production from its four joint venture operations in Chile totaled 448,800 metric tons in 2024.
The company’s largest operation is its 60 percent owned Los Pelambres mine, a joint venture with Mitsubishi. According to MDO, Los Pelambres’ copper production totaled 320,000 metric tons in 2024, up from 300,000 the previous year.
Its Centinela mine is another significant producer, with 224,000 metric tons of copper mined in 2024. The company is constructing a second concentrator at Centinela that, once it comes online in 2027, should add 144,000 metric tons of copper production annually and extend Centinela’s mine life by 15 years to 2051.
The company’s other Chilean joint ventures are the Antucoya and Zaldivar mines.
Copper production: 358,910 metric tons
Rounding out the top 10 is Canada’s Teck Resources, which increased consolidated copper production by 50 percent in 2024, reaching 446,000 metric tons. On an attributable basis, the copper company’s production totaled 358,910 metric tons in 2024.
Much of the gain came from the ramp-up of the Quebrada Blanca mine in Chile. The mine started production in 2023 and produced just 122 million pounds of copper that year. 2024 saw a significant advancement, with the mine producing 458 million pounds of the red metal.
Teck holds a 60 percent ownership stake in the mine, while Japan’s Sumitomo (OTC Pink:SSUMF,TSE:8053) controls a 30 percent stake and Chile’s state-run Codelco owns the final 10 percent.
Teck also owns the Highland Valley mine in British Columbia, Canada. The mine is one of the largest open pit mines in Canada and produced 226 million pounds of copper in 2024.
Other copper operations in the Teck portfolio include Antamina in Peru and Carmen de Andacollo in Chile.
On September 8, Teck announced a planned merger of equals with Anglo American to focus on critical minerals and copper production. The combined company is set to be called Anglo Teck and will be headquartered in Canada. The merger is expected to take 12 to 18 months to be completed.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Clem Chambers, CEO of aNewFN.com, explains why he sold his gold and silver, and where he’s looking next, mentioning the copper and oil sectors.
He also speaks about the importance of staying positive as an investor: ‘The media negativity is the most wealth-crushing thing you can fall for. So be positive. Work hard at it. Be on the front foot. Look for opportunities. Think hard about it. Study. You will do so well.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Dubbed a “central bottleneck of the electrified future,” copper demand is expected to far exceed supply. A recent outlook from S&P Global projects the market could face a shortfall of up to 10 million metric tons by 2040.
Against this backdrop, Domestic Metals (TSXV:DMCU) offers a timely opportunity for investors. Listed on TSX Venture Exchange, OTCQB and Frankfurt Stock Exchange, the company is advancing its flagship Smart Creek Project in Montana, targeting discovery of a porphyry system and a carbonate replacement deposit (CRD).
Smart Creek’s potential is further bolstered by its proximity to significant discoveries like Ivanhoe Electric’s (NYSEAmerican:IE,TSX:IE) Hog Heaven project, which announced the intersection of a porphyry copper-gold-molybdenum system within a large, deep anomaly.
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