David Radcliffe's questions to MAC Copper (MTAL) leadership • Q1 2025
Question
David Radcliffe of Global Mining Research inquired about the shaft production profile for the year, noting the mine has not achieved the implied ore hoisting rate for some time, and asked about potential grade upside that could support the annual targets.
Answer
CEO Michael James McMullen explained that due to successful dilution control and improved mining practices, the company is seeing better-than-expected grades, running around 4.1% versus guidance of 3.8-4.0%. He stated that this higher grade means they will likely achieve their annual metal production targets by hauling slightly less ore tonnage than previously anticipated.