Fitch: Latam Miners’ Low Cost Position Helps to Weather Downturn

SANTIAGO, Chile–(BUSINESS WIRE)–Latin American mining companies’ strong position on the production cost curve has contributed to face negative market trends, according a new Fitch Ratings report. “The portfolio is mostly in the first or second quartile and three companies are among the world’s lowest-cost producers within their sectors,” said Alejandra Fernandez, Director at Fitch. Relevant expansionary capex in a low price environment have pressured leverage. Flexibility to lower investments