Discovery Metals says infill drilling enhances Botswana copper project

The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.

The Johnson Camp mine is under construction, with first copper production expected in mid-2025.

The Toronto-headquartered company now expects production of 380,000–440,000 tonnes copper this year, down from earlier estimates of 400,000–450,000 tonnes.

The African nation aims to increase copper output to a record above 1 million tons this year.