30 countries face higher resource nationalism risk — report

McEwen currently owns around 3.3% of the company.

Jeremy Weir made his comments Tuesday during a presentation at the CRU World Copper Conference in Santiago.

The performance was due in part to a 219.4% production boost from Glencore' Antapaccay.

Contained metals are estimated to be 7.4 billion lb. nickel and 297,624 lb. cobalt, representing a 21.6% increase in nickel metal tonnes.

Mining companies and industry groups have complained about the extensive permitting process in Chile.

According to company estimates, South Crofty has the fourth-highest-grade tin mineral resource globally.

For the wider mining industry, the story of First Quantum in Panama has become a cautionary tale.

Brazil's Para state has won its appeal to overturn a previous court ruling that had reinstated the mine's operating licence.

Nornickel intends to remain a "reliable supplier of products" and will continue to fulfil all its contractual obligations, said the company.