Argonaut has updated its copper price forecasts to reflect recent strength in the market. Demand for sulphide concentrate remains extremely competitive with the entry of new refiners prompting a collapse in TCRC’s. An improved copper outlook boosts our forecast 2025/2026/2027 earnings whilst also reducing potential future equity/debt funding requirements. Short term catalysts include a funding solution for the Jericho development and exploration drilling results from Swagman.
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