Company withdrew its 2020 guidance for the mine in northern Brazil in September, after a power outage caused damage to all four of the operation’s SAG and ball mill motors.
Copper prices jumps to highest since February 2013 on hopes US economic stimulus will further boost demand for metal already in short supply amid an Asian factory and construction boom.
With rising commodity prices and a drop in production costs setting the stage for blowout profits, copper producers are poised for their best year in over a decade.