Chile's Mines See Cash Costs Jump 29% on Lower Ore Quality, Project Disruptions

A miner works at a copper mine in Antofagasta, Chile.

If copper mining is any indication, there’s still plenty of work to do to bring down inflation.

Cash costs at mines in Chile, the top-producing copper nation, jumped 29% in the first three months of the year compared with the same period of 2022, according to a report released Monday by government agency Cochilco.