Q3 copper production came in at 14.6Mbs, below our 16.6Mlbs estimate, due to a 10-day suspension of fresh tailing following the El Teniente accident, which lowered fresh tailing throughput through August.
Management has decreased annual guidance by 2-5% and maintained its cash cost guidance of $1.93/lb.
Amerigo remains on track to eliminate its debt by year-end.
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