Jorge Rivera has been named the replacement.

The five people had been charged in connection with the theft of about 5,000 kilograms of materials containing precious metals.

The expectation for a looser market in the near term has been reflected in copper prices.

The company is facing an estimated $625 million in debt maturities next year and another $1.8 billion in 2025.

“This is a source of income for more than 40,000 households, and we don’t have a response as to what is going to happen to us,” union leader Michael Camacho told reporters.

The ICMM is working with The Copper Mark, Mining Association of Canada and the World Gold Council towards consolidating their individual voluntary responsible mining standards.

The mine is expected to remain in production to 2032.