Business

KHHM’s Sierra Gorda mine may not need financial support next year due to 150% leap in 2Q

Polish copper producer KGHM’s Sierra Gorda mine in Chile is likely to no longer need financial support from next year, the company announced, as the mine posted a 150% leap in second-quarter core profit despite risks related to COVID-19. KGHM owns a 55% stake in Chile’s Sierra Gorda copper-molybdenum mine in the Atacama Desert that produces around 110 000 t/d of ore.

Source: Mining Weekly