According to Fitch Ratings, the financial profiles of miners will remain resilient in the short to medium term as commodity prices remain above mid-cycle levels.

In April, Lundin agreed to pay $950 million for 51% of the Caserones mine in Chile.

The STOXX Europe 600 mining index has fallen 15% this year, making it the worst performing sector in the region by some margin.

The CPI alleges the company did not declare how much gold and silver was extracted from the Salobo mine.

A stronger local currency makes imports cheaper for domestic traders and fabricators in the world’s top metals consumer.

The new MRE showed a 39.0% increase in tonnes and 31.6% increase in contained tin in the indicated category.

The changes will extend the volume-weighted average price methodology to five additional prompt dates for aluminum, copper, zinc, lead and nickel.

Pacheco was responding to a report last month from copper studies center CESCO that said if production promises are not met, high levels of debt could lead to insolvency.