Citi more confident in South32 Taylor project after Hermosa site visit
Citi said it came away more confident in South32’s Taylor project under construction after a Hermosa tour, citing progress toward primary-production level and continued plans for first sales in mid-2028.
Citi said it came away from South32's Hermosa tour more confident in the Taylor project, which is under construction. The bank said both shafts are near primary production level and first sales remain on track for mid-2028. 3 billion budget is contracted, with about US$230 million of contingencies remaining.