The state-owned producer churned out 386,000 metric tons from its own mines in Chile, up 7% from a year ago.

Chile's copper production fell 2.2% year on year, to 1.4 million tonnes, in the first quarter of 2021.

The new discovery, named the Novo zone, was found about 200 metres below the existing infrastructure of the Vermelhos mine.

JV between Imperial and Newcrest produced just under 16koz of gold and 16m pounds of copper in Q1.

CEO of world's top gold miner says copper boom is just beginning.

Economies reopening coupled with massive stimulus, faster-than-expected vaccine rollouts, and supportive fundamentals all point to even higher prices, said ING Bank.