Overview Key strengths Key risks Improving volumes by acquiring new customers and increasing wallet share with existing customers. Elevated interest costs due to high level of floating-rate debt (100% of capital structure) Robust long-term demand for copper. Exposed to cyclical and volatile copper and gold prices. Market-leading positions in key copper- and gold-producing regions, such as the Americas and Australia. The company?s capital structure primarily comprises a $925 million first-lien senior secured term loan ($908 million as of June 2023) and a $225 million second-lien senior secured term loan, both of which accrue interest at a floating rate. Therefore, given the steep increase in interest rates over the past 15 months, Molycop?s interest expense rose by about 60% in fiscal
