{"id":3961,"date":"2025-11-21T11:50:18","date_gmt":"2025-11-21T15:50:18","guid":{"rendered":"https:\/\/www.pampacamarones.cl\/?p=3961"},"modified":"2025-11-21T11:50:18","modified_gmt":"2025-11-21T15:50:18","slug":"pampa-camarones-presents-3q25-results","status":"publish","type":"post","link":"https:\/\/www.pampacamarones.cl\/en\/pampa-camarones-presents-3q25-results\/","title":{"rendered":"Pampa Camarones Presents 3Q25 Results"},"content":{"rendered":"

Santiago, November 21, 2025.-<\/em><\/strong><\/p>\n

\"\"<\/p>\n

Pampa Camarones, the mining company controlled by Miner\u00eda Activa, presented its third-quarter 2025 results to investors today, marking a pivotal moment for the operation. Over 40 participants joined the live and virtual meeting, where management detailed a quarter that represents a clear inflection point for the Company\u2014both operationally and strategically.<\/p>\n

Rodrigo Ram\u00edrez, CEO of Pampa Camarones, opened the session by announcing a key milestone for the company: the successful opening and start of production at the Golondrina Mine. After months of intensive development, the mine has begun drift production and is preparing to enter benching in January.<\/p>\n

\u201cWith Golondrina entering production, Pampa Camarones will operate as a two-mine company for the first time in its history,\u201d Ram\u00edrez said. \u201cStarting in January, Golondrina will provide up to 25% of our plant\u2019s total feed, considerably strengthening operational stability.\u201d<\/p>\n

The quarter delivered the Company\u2019s best production levels since 2024, supported by rising copper prices and improved mine performance. Production reached 843 tons of cathodes\u20146.4% higher than 2Q25\u2014while the realized copper price increased 3.4% to US$4.32\/lb in average.<\/p>\n

Cash Cost fell to US$4.42\/lb, an improvement of US$0.86 compared to the previous quarter, driven by higher plant throughput. Importantly, EBITDA for September was positive, and management expects that trend to continue throughout 4Q25.<\/p>\n

The Company also reduced its Net Debt to US$4.3 million, supported by the successful US$11 million capital increase, allowing Pampa to advance its investment plan and strengthen its financial position.<\/p>\n

Restart of exploration: Identifying the Next Mine program<\/strong><\/p>\n

For the first time since 2022, Pampa Camarones has relaunched an exploration campaign aimed at identifying a new mine to secure long-term feed for the operation.<\/p>\n

A new Geology Unit was created and is led by senior geologist Tom\u00e1s Swaneck, who brings more than 30 years of exploration experience. The team conducted initial mapping and sampling at Aida, Lorenzo, and Punta Madrid\u2014historic areas with strong geological potential.<\/p>\n

RAt Aida, early trenching delivered highly encouraging results, including intersections of:<\/p>\n