Sierra Atacama Copper Mine Delivers First Positive Cash Flow
| Stock | Cobre Ltd (CBE.ASX) |
|---|---|
| Release Time | 6 Jul 2026, 9:06 a.m. |
| Price Sensitive | Yes |
Sierra Atacama Copper Mine Delivers First Positive Cash Flow
- Sierra Atacama generated positive operating cash flow in April and May 2026
- Turnaround achieved within eight weeks of Cobre assuming operational control
- Strategic capital investments planned to ramp up production
Cobre Ltd has announced that its Sierra Atacama Copper Mine in Chile has delivered its first consecutive positive cash flow months in April and May 2026, generating US$644k and US$601k respectively. This achievement comes within just eight weeks of Cobre assuming operational control. The turnaround was achieved through higher mined head grades, improved leach recoveries, and better copper cathode quality. Cobre is now investing in infrastructure to ramp up production towards 700 tonnes of copper cathode per month by Q1 2027, with plans to expand to 1,500 tonnes per month by December 2027.
Targeted capital investment to ramp up to 700t/m of copper cathode by Q1 2027
Cobre aims to reach a monthly production of 1,500 tonnes of copper cathode by December 2027 through staged open-pit development.