Metals Acquisition (US:MTAL)2025-06-27 08:26Key Highlights - MAC achieved a 67% increase in the Life of Mine (LOM) [27, 73] - The company saw a 64% increase in reserves [28, 74] - Mineral Resources increased by 42% [30, 60, 76] - Q1 2024 copper production reached 8,786 tonnes with C1 costs of US$2.15/lb [36, 82] - Approximately US$127 million of interest-bearing liabilities were repaid in Q1 [36, 82] Financial Position - The fully-diluted market capitalization stands at US$1,250 million [21] - Liquidity as of March 31, 2024, was approximately US$100 million [21, 36, 54, 82] - The company completed an ASX IPO with proceeds of A$325 million (US$214 million) [54] Production Guidance - Copper production guidance for 2024 is set between 38Kt and 43Kt, with expectations to exceed 50kt by 2026 [36, 71, 82] - The mine life, based on Mineral Reserves, now extends to the end of 2034 [70, 81] Operational Improvements - Tonnes milled per employee increased by 19% from Q1 2023 to Q1 2024 [42] - Development costs per meter decreased significantly from US$18,677 in Q1 2023 to US$15,478 in Q1 2024 [49]