Hot Chili Earnings Call Transcripts
Fiscal Year 2026
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Costa Fuego is advancing as a top global copper project, with new discoveries at La Verde expected to extend mine life and boost financial returns. Strategic water infrastructure and strong market conditions support rapid development, with key milestones and partnerships anticipated this year.
Fiscal Year 2025
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The meeting covered board changes, approval of all resolutions, and strategic plans to expand copper production and leverage water assets for funding. Shareholders supported all motions, and the company is advancing major partnerships while managing risks in a dynamic market.
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Major milestones include pre-feasibility studies for Costa Fuego and Huasco Water, with robust project economics and significant risk mitigation. La Verde exploration is expanding the resource base, while Huasco Water offers unique regional and funding advantages. Multiple funding and partnership options are being pursued.
Fiscal Year 2024
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The AGM covered board elections, strong support for all resolutions, and a detailed update on project milestones. Strategic focus is on delivering pre-feasibility studies, monetizing water assets, and expanding resources, with risk management and community engagement emphasized.
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Primary copper supply is set to decline from 2025, driving expectations for higher prices. The Costa Fuego project stands out for its robust economics, strategic water rights, and advanced permitting, with key pre-feasibility studies and exploration results due in the coming year.