Quarterly-Results

Q2 2017 Conference Call

Q2 2017 webcast link

Financial and Operating Database

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Summary:

  • Operating cash flow1 of $124 million, a 54% increase from the first quarter 2017
  • Consolidated copper production of 40,842 tonnes, an 18% increase from the first quarter 2017
  • Consolidated zinc production of 34,896 tonnes, a 14% increase from the first quarter 2017
  • Consolidated cash cost2, net of by-product credits, of $0.85 per pound of copper, a 3% decrease from the first quarter 2017
  • Consolidated all-in sustaining cash cost2, net of by-product credits, of $1.49 per pound of copper, a 2% increase from the first quarter 2017  
  • Continued progress on reducing debt balances with $67 million repaid during the quarter and amended revolving credit facilities to extend the maturities and reduce the interest rates
  • Net debt2 of $950 million and total liquidity of $497 million, including $153 million in cash, an improvement from March 31, 2017 levels of net debt of $1,035 million and total liquidity of $433 million
  • Rosemont project received the Final Record of Decision from the U.S. Forest Service
  • Allocated additional funds to exploration budget to focus on high-priority drilling targets
  • On track to meet production, operating cost and capital cost guidance for 2017



 

1 Operating cash flow before change in non-cash working capital.

Cash cost and all-in sustaining cash cost per pound, net of by-product credits, and net debt are not recognized under IFRS. For a detailed description of each of these non-IFRS financial performance measures used, please see the discussion under “Non-IFRS Financial Performance Measures” beginning on page 6 of the Q2 2017 news release.

 


 



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