Finders expects lower Dec quarter copper output, higher costs

Copper miner Finders Resources reported on Friday that a delay at its Wetar copper project, in Indonesia, would see quarterly production remain below par. The company lowered its copper cathode production for the December quarter to be between 4 000 t and 5 000 t, from a previous estimate of between 5 700 t to 6 000 t, while estimated C1 cash costs have increased from between $1.15/lb and $1.25/lb to between $1.40/lb and $1.80/lb.