Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.
The junior miner said the ruling not only forces it to halt operations, but it also blocks it from transferring the project, as the mining permit will no longer be valid.
Anglo American and Freeport's credit ratings were recently slashed to well below investment grade – other marquee mining names may soon share the same fate.