​

​

​

​

​

​

As of December 31, 2025

​

​

Pounds 

​

​

​

Provisional 

​

​

​

​

​

​

payable

​

Maturity

​

pricing

​

Forward pricing

​

Fair value

​

(000)

​

US$/Pound

US$/Pound

​

US$(000)

​

​

​

​

​

​

​

​

​

​

​

​

​

Copper Concentrate

  ​ ​ ​

193,719

  ​ ​ ​

January to May 2026

  ​ ​ ​

Between 4.374 and 5.384

  ​ ​ ​

Between 5.623 and 5.654

  ​ ​ ​

143,536

​

Copper Cathode

3,750

January 2026

5.672

5.654

(65)

​

Molybdenum

6,856

January to April 2026

Between 19.558 and 22.435

19.023

(16,004)

​

​

​

Ounces
payable

​

Maturity

​

Provisional pricing

​

Forward pricing

​

Fair value

​

​

​

(000)

​

US$/Ounces

US$/Ounces

​

US$(000)

​

Silver

560

January to March 2026

Between 45.730 and 67.000

Between 72.220 and 72.750

9,603

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

137,070

​

​

​

​

​

​

​

As of December 31, 2024

​

​

​

Pounds

​

​

​

​

​

​

​

​

​

​

​

payable

​

Maturity

​

Provisional pricing

​

Forward pricing

​

Fair value

​

​

  ​ ​ ​

(000)

  ​ ​ ​

​

  ​ ​ ​

US$/Pound

  ​ ​ ​

US$/Pound

  ​ ​ ​

US$(000)

  ​ ​ ​

​

​

​

​

​

​

​

​

​

​

​

​

Copper Concentrate

182,734

January to May 2025

Between 4.015 and 4.410

Between 3.934 and 3.998

(33,125)

Copper Cathode

1,764

January 2025

4.011

3.934

(136)

Molybdenum

5,912

January to April 2025

Between 18.630 and 19.279

18.546

(2,885)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Ounces

​

​

​

​

​

​

​

​

​

​

​

payable

​

Maturity

​

Provisional pricing

​

Forward pricing

​

Fair value

​

​

​

(000)

​

​

​

US$/Ounces

​

US$/Ounces

​

US$(000)

​

Silver

​

725

​

January to May 2025

​

Between 29.792 and 32.836

​

Between 29.060 and 29.670

​

(1,458)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(37,604)

​