The Posse gold project in Brazil’s central state of Goías is 16% completed, only two months after obtaining its environmental permit.

The country's statistics agency said the drop was due to lower-grade ore and less processing during the period.

The bottom line was boosted by a $2.35 billion financial gain related to unspecified foreign exchange rates, which largely masked weaker sales and rising costs.

Revenues stood at $3.12 billion, down 14.6% from the year-ago period and missing a Refinitiv forecast of $3.19 billion.

The French mining group is aiming to start producing lithium in early 2024 at the Centenario deposit.

Anglo American's quarterly output grew 16% from the previous three months led by the robust coal and diamond operations.

The president of Chile's National Mining Society argued that the government should consider promoting more mining production instead of increasing taxes, arguing this would make a greater contribution to the treasury.