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Key developments in the basic materials sector show varying performance across companies and regions.
Orla Mining reported disappointing Q4 gold production of 26,500 ounces, falling 15% below expectations due to 4,100 ounces remaining in refined inventory.
Meanwhile, Antofagasta’s 2025 capital expenditure guidance of $3.9 billion exceeded analyst expectations by 11%.
Rio Tinto delivered strong copper production, particularly at Escondida and Oyu Tolgoi mines, while reporting steady iron-ore output despite an increasing mix of lower-quality SP10 ore.
The company notes global economic resilience with moderating inflation, though challenges persist from geopolitical tensions, labor shortages, and China’s property market crisis, even as the U.S. economy maintains stable performance.
