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| MAC Copper |
MAC Copper plans to raise copper production at its CSA mine in Cobar, Australia, by roughly 23pc by 2026. This expansion will significantly enhance the mine's output.
Expansion Projects Drive Production Increase
MAC targets over 50,000 t/yr of copper by 2026. This growth stems from the QTS South Upper deposit expansion, set to commence ore mining in late 2024. A ventilation upgrade project, finishing by Q3 2026, will also contribute. In 2024, the CSA mine produced 41,128t of copper, a 14pc year-on-year increase. Fourth-quarter output reached 11,320t, the highest since MAC's June 2023 acquisition from Glencore.
Production Forecasts and Future Guidance
Furthermore, MAC initially forecast 38,000-43,000t of copper in 2024, 43,000-48,000t in 2025, and 48,000-53,000t in 2026. Updated production guidance will be released at the end of February.
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