Silver is up 33% year to date (July 8), gold is up 15.8%, and copper has gained 19.1%.

The move could solve fundraising needs for a neighboring project it wants to build. 

As grades get lower, companies will have to increase their capital intensity to pull that production forward, said the VP of Stifel Financial.

Home to over one million artefacts, RCM is the caretaker of 3,500 years of mining history.  

Industry sources say the reason behind record high contangos is climbing costs of financing metals fuelled by higher interest rates.

Some of the investment will go toward sinking a new shaft at Lubambe over the next two to five years.

The 2023 investment level fell 5.8% from the previous year to $4.96 billion.