{"id":38263,"date":"2026-02-13T21:57:37","date_gmt":"2026-02-13T21:57:37","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%95%84%ea%b7%b8%eb%8b%88%ec%bd%94-%ec%9d%b4%ea%b8%80-%eb%a7%88%ec%9d%b8%ec%8a%a4%eb%8a%94-2025%eb%85%84-4%eb%b6%84%ea%b8%b0-%ec%a1%b0%ec%a0%95-%ec%a3%bc%eb%8b%b9%ec%88%9c%ec%9d%b4%ec%9d%b5eps\/"},"modified":"2026-02-13T21:57:37","modified_gmt":"2026-02-13T21:57:37","slug":"%ec%95%84%ea%b7%b8%eb%8b%88%ec%bd%94-%ec%9d%b4%ea%b8%80-%eb%a7%88%ec%9d%b8%ec%8a%a4%eb%8a%94-2025%eb%85%84-4%eb%b6%84%ea%b8%b0-%ec%a1%b0%ec%a0%95-%ec%a3%bc%eb%8b%b9%ec%88%9c%ec%9d%b4%ec%9d%b5eps","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%95%84%ea%b7%b8%eb%8b%88%ec%bd%94-%ec%9d%b4%ea%b8%80-%eb%a7%88%ec%9d%b8%ec%8a%a4%eb%8a%94-2025%eb%85%84-4%eb%b6%84%ea%b8%b0-%ec%a1%b0%ec%a0%95-%ec%a3%bc%eb%8b%b9%ec%88%9c%ec%9d%b4%ec%9d%b5eps\/","title":{"rendered":"\uc544\uadf8\ub2c8\ucf54 \uc774\uae00 \ub9c8\uc778\uc2a4\ub294 2025\ub144 4\ubd84\uae30 \uc870\uc815 \uc8fc\ub2f9\uc21c\uc774\uc775(EPS)\uc774 2.69\ub2ec\ub7ec\ub85c, \uc608\uc0c1\uce58 2.56\ub2ec\ub7ec\ub97c \uc0c1\ud68c\ud588\uc73c\uba70 \uae08 \uac00\uaca9 \uc0c1\uc2b9\uc758 \ub3c4\uc6c0\uc744 \ubc1b\uc558\ub2e4."},"content":{"rendered":"\uc544\uadf8\ub2c8\ucf54 \uc774\uae00 \ub9c8\uc778\uc2a4\ub294 2025\ub144 4\ubd84\uae30(10~12\uc6d4) \uc870\uc815 \uc8fc\ub2f9\uc21c\uc774\uc775(\uc77c\ud68c\uc131 \uc694\uc778 \ub4f1\uc744 \uc81c\uc678\ud558\uace0 \uacc4\uc0b0\ud55c \uc8fc\ub2f9 \uc774\uc775)\uc774 2.69\ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4\uace0 \ubc1c\ud45c\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 1\ub144 \uc804 1.26\ub2ec\ub7ec\uc5d0\uc11c \uc99d\uac00\ud55c \uc218\uce58\uc774\uba70, \uc7ad\uc2a4(Zacks: \ubbf8\uad6d\uc758 \uc8fc\uc2dd \ub9ac\uc11c\uce58\/\uc2e4\uc801 \uc804\ub9dd \uae30\uad00) \uc608\uc0c1\uce58 2.56\ub2ec\ub7ec\ub3c4 \uc6c3\ub3cc\uc558\uc2b5\ub2c8\ub2e4. \ub9e4\ucd9c\uc740 35\uc5b56,400\ub9cc \ub2ec\ub7ec\ub85c \uc804\ub144 \ub300\ube44 60.3% \uc99d\uac00\ud574, \uc608\uc0c1\uce58 32\uc5b54,070\ub9cc \ub2ec\ub7ec\ub97c \uc0c1\ud68c\ud588\uc2b5\ub2c8\ub2e4.\n\n\uc9c0\uae09 \uae30\uc900 \uae08 \uc0dd\uc0b0\ub7c9(\ud310\ub9e4\u00b7\uc815\uc0b0 \ub300\uc0c1\uc73c\ub85c \uc778\uc815\ub418\ub294 \uae08 \uc0dd\uc0b0\ub7c9)\uc740 840,608\uc628\uc2a4\ub85c, 1\ub144 \uc804 847,401\uc628\uc2a4\ubcf4\ub2e4 \uc904\uc5c8\uc9c0\ub9cc \uc608\uc0c1\uce58 839,674\uc628\uc2a4\ubcf4\ub2e4\ub294 \ub192\uc558\uc2b5\ub2c8\ub2e4. \ucd1d \ud604\uae08 \ube44\uc6a9(\uae08 1\uc628\uc2a4\ub97c \uc0dd\uc0b0\ud558\ub294 \ub370 \ub4e4\uc5b4\uac04 \ud604\uae08\uc131 \ube44\uc6a9)\uc740 \uc628\uc2a4\ub2f9 1,089\ub2ec\ub7ec\ub85c, \uc804\ub144 923\ub2ec\ub7ec \ubc0f \uc608\uc0c1\uce58 945\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uc558\uc2b5\ub2c8\ub2e4.\n\n

\uc6b4\uc601 \ube44\uc6a9 \ubc0f \uc0dd\uc0b0<\/h3>\n\uc2e4\ud604 \uae08 \uac00\uaca9(\uc2e4\uc81c\ub85c \ud310\ub9e4\ub85c \ud655\uc815\ub41c \ud3c9\uade0 \uac00\uaca9)\uc740 \uc628\uc2a4\ub2f9 4,163\ub2ec\ub7ec\ub85c \uc804\ub144 2,660\ub2ec\ub7ec\ubcf4\ub2e4 \ub192\uc558\uace0, \uc608\uc0c1\uce58 3,593\ub2ec\ub7ec\ub3c4 \uc6c3\ub3cc\uc558\uc2b5\ub2c8\ub2e4. AISC(\uc62c\uc778 \uc9c0\uc18d\ube44\uc6a9: \uc0dd\uc0b0\uc744 \uc720\uc9c0\ud558\uae30 \uc704\ud55c \ube44\uc6a9\uc744 \ub354 \ub113\uac8c \ud3ec\ud568\ud55c \ucd1d\uad04 \ub2e8\uac00)\ub294 \uc628\uc2a4\ub2f9 1,517\ub2ec\ub7ec\ub85c, \uc804\ub144 1,316\ub2ec\ub7ec \ubc0f \uc608\uc0c1\uce58 1,315\ub2ec\ub7ec\ub97c \uc0c1\ud68c\ud588\uc2b5\ub2c8\ub2e4.\n\n\ud604\uae08 \ubc0f \ud604\uae08\uc131 \uc790\uc0b0(\ud604\uae08\uc5d0 \uac00\uae4c\uc6cc \ubc14\ub85c \uc4f8 \uc218 \uc788\ub294 \uc790\uc0b0)\uc740 28\uc5b56,600\ub9cc \ub2ec\ub7ec\ub85c, \uc9c1\uc804 \ubd84\uae30 \ub300\ube44 21.7% \uc99d\uac00\ud588\uc2b5\ub2c8\ub2e4. \uc7a5\uae30 \ubd80\ucc44(1\ub144 \uc774\ud6c4 \uc0c1\ud658\ud558\ub294 \ube5a)\ub294 \uc57d 1\uc5b59,630\ub9cc \ub2ec\ub7ec\uc600\uc2b5\ub2c8\ub2e4. \uc601\uc5c5\ud65c\ub3d9 \ud604\uae08\ud750\ub984(\ubcf8\uc5c5\uc5d0\uc11c \uc2e4\uc81c\ub85c \ub4e4\uc5b4\uc624\uace0 \ub098\uac04 \ud604\uae08)\uc740 21\uc5b51,200\ub9cc \ub2ec\ub7ec\ub85c, \uc804\ub144 11\uc5b53,200\ub9cc \ub2ec\ub7ec\ubcf4\ub2e4 \ub298\uc5c8\uc2b5\ub2c8\ub2e4.\n\n2026\ub144 \uae08 \uc0dd\uc0b0\ub7c9 \uc804\ub9dd\uce58\ub294 330\ub9cc~350\ub9cc \uc628\uc2a4\uc785\ub2c8\ub2e4. \ud604\uae08 \ube44\uc6a9\uc740 \uc628\uc2a4\ub2f9 1,020~1,120\ub2ec\ub7ec, AISC\ub294 \uc628\uc2a4\ub2f9 1,400~1,550\ub2ec\ub7ec\ub85c \uc81c\uc2dc\ud588\uc2b5\ub2c8\ub2e4. \uac00\uc774\ub358\uc2a4(\ud68c\uc0ac\uac00 \uc81c\uc2dc\ud558\ub294 \uc804\ub9dd\uce58)\uc5d0\ub294 \ud0d0\uc0ac \ubc0f \uae30\uc5c5 \uac1c\ubc1c \uc9c0\ucd9c 2\uc5b57,500\ub9cc~3\uc5b5500\ub9cc \ub2ec\ub7ec, \uac10\uac00\uc0c1\uac01(\uc124\ube44\u00b7\uc790\uc0b0 \uac00\uce58\uac00 \uc2dc\uac04\uc5d0 \ub530\ub77c \uc904\uc5b4\ub4dc\ub294 \uac83\uc744 \ube44\uc6a9\uc73c\ub85c \ubc18\uc601) 15\uc5b55,000\ub9cc~17\uc5b55,000\ub9cc \ub2ec\ub7ec, G&A(\uc77c\ubc18\uad00\ub9ac\ube44: \ubcf8\uc0ac \uc6b4\uc601 \ub4f1 \uac04\uc811\ube44) 2\uc5b53,000\ub9cc~2\uc5b56,000\ub9cc \ub2ec\ub7ec, \uae30\ud0c0 \ube44\uc6a9 7,500\ub9cc~9,500\ub9cc \ub2ec\ub7ec, \uc138\uc728 34%~36%, \ud604\uae08 \uc138\uae08(\ud604\uae08\uc73c\ub85c \uc2e4\uc81c \ub0a9\ubd80\ud558\ub294 \ubc95\uc778\uc138) 34\uc5b5~36\uc5b5 \ub2ec\ub7ec, \uc124\ube44\ud22c\uc790(Capex: \uacf5\uc7a5\u00b7\uad11\uc0b0 \ub4f1 \uc790\ubcf8\uc801 \uc9c0\ucd9c) 22\uc5b5~24\uc5b5 \ub2ec\ub7ec, \uc790\ubcf8\ud654 \ud0d0\uc0ac(\ud0d0\uc0ac\ube44 \uc911 \uc790\uc0b0\uc73c\ub85c \uc7a1\ub294 \ubd80\ubd84) 2\uc5b59,000\ub9cc~3\uc5b53,000\ub9cc \ub2ec\ub7ec\uac00 \ud3ec\ud568\ub410\uc2b5\ub2c8\ub2e4.\n\n\uc8fc\uac00\ub294 \uc9c0\ub09c 1\ub144\uac04 117% \uc0c1\uc2b9\ud588\uc73c\uba70, \uac19\uc740 \uae30\uac04 \uc5c5\uc885 \uc0c1\uc2b9\ub960 144.4%\ubcf4\ub2e4 \ub0ae\uc558\uc2b5\ub2c8\ub2e4. \uc7ad\uc2a4 \ub4f1\uae09: AEM #2. \ucf54\uc5b4 \ub9c8\uc774\ub2dd(Coeur Mining: \uc608\uc0c1 0.42\ub2ec\ub7ec, \ud3c9\uade0 \uc2e4\uc801 \uc11c\ud504\ub77c\uc774\uc988 106.61%, #1)\uc740 2\uc6d4 18\uc77c \ubc1c\ud45c. \ubc1c\ubaac\ud2b8(Valmont: 4.95\ub2ec\ub7ec, 4.38%, #2)\ub294 2\uc6d4 17\uc77c \ubc1c\ud45c. \uc544\ube44\ub178(Avino: 0.06\ub2ec\ub7ec, 150%, #2)\ub294 3\uc6d4 11\uc77c \ubc1c\ud45c.\n\n

\uc635\uc158 \ud3ec\uc9c0\uc154\ub2dd \ubc0f \uae08 \uac00\uaca9 \ubbfc\uac10\ub3c4<\/h3>\n\uc6b0\ub824\ub418\ub294 \ubd80\ubd84\uc740 \ube44\uc6a9\uc774 \ud06c\uac8c \ub298\uc5c8\ub2e4\ub294 \uc810\uc73c\ub85c, AISC\uac00 \uc628\uc2a4\ub2f9 1,517\ub2ec\ub7ec\uae4c\uc9c0 \uc62c\ub790\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ub180\ub784 \uc77c\uc740 \uc544\ub2d9\ub2c8\ub2e4. \uc9c0\ub09c\ud574 \ubb3c\uac00 \uc0c1\uc2b9(\uc778\ud50c\ub808\uc774\uc158: \uc804\ubc18\uc801\uc778 \ubb3c\uac00\uac00 \uc62c\ub77c \ub3c8\uc758 \uad6c\ub9e4\ub825\uc774 \ub5a8\uc5b4\uc9c0\ub294 \ud604\uc0c1)\uc774 \ub192\uac8c \uc720\uc9c0\ub410\uace0, 2025\ub144 \ubbf8\uad6d CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218: \uc18c\ube44\uc790\uac00 \uc0ac\ub294 \ubb3c\uac74\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9 \ubcc0\ud654\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c) \ud3c9\uade0\uc774 4%\ub97c \ub118\uc73c\uba74\uc11c \uc5c5\uacc4 \uc804\ubc18\uc758 \uc778\uac74\ube44\uc640 \uc5d0\ub108\uc9c0 \ube44\uc6a9\uc774 \uc62c\ub790\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. 2026\ub144 \ube44\uc6a9 \uc804\ub9dd\uce58\ub294 \uc548\uc815\ud654\ub97c \uc2dc\uc0ac\ud558\uc9c0\ub9cc, \ube44\uc6a9 \uc218\uc900\uc774 \ub192\uc544 \uae08 \uac00\uaca9\uc774 \ub0b4\ub824\uac00\uba74 \uc2e4\uc218\ud560 \uc5ec\uc9c0\uac00 \ud06c\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.\n\n\uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c \uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548 \uc544\uadf8\ub2c8\ucf54 \uc774\uae00\uc758 \ub0b4\uc7ac \ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c, \uc2dc\uc7a5\uc774 \uc608\uc0c1\ud558\ub294 \uc8fc\uac00 \ubcc0\ub3d9 \ud3ed)\uc774 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \ubd05\ub2c8\ub2e4. \uc774 \uc8fc\uc2dd\uc740 \uc0ac\uc2e4\uc0c1 \uae08 \uac00\uaca9 \uc790\uccb4\uc5d0 \ubbfc\uac10\ud558\uac8c \uc6c0\uc9c1\uc774\ub294 \uc885\ubaa9\uc785\ub2c8\ub2e4. \ubca0\ud0c0\uac00 \ub192\ub2e4(\uc2dc\uc7a5\uc774\ub098 \uae30\uc900 \uc790\uc0b0\ubcf4\ub2e4 \ub354 \ud06c\uac8c \uc6c0\uc9c1\uc774\ub294 \uacbd\ud5a5)\ub294 \uc810\uc5d0\uc11c, \uae08 \ud604\ubb3c \uac00\uaca9(\uc989\uc2dc \uac70\ub798\ub418\ub294 \ud604\uc7ac \uac00\uaca9)\uc774 \uc5b4\ub514\uc5d0\uc11c \uac70\ub798\ub418\ub294\uc9c0\uac00 2026\ub144 \uc0dd\uc0b0 \ubaa9\ud45c 330\ub9cc~350\ub9cc \uc628\uc2a4 \ub2ec\uc131 \uc5ec\ubd80\ubcf4\ub2e4 \ub354 \uc911\uc694\ud574\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\uae08\uac12 \uae09\ub4f1\uc774 AEM \uc2e4\uc801\uc744 \ud3ed\ubc1c\uc2dc\ucf30\ub2e4: Q4 \uc870\uc815EPS 2.69\u00b7\ub9e4\ucd9c 36\uc5b5\ub2ec\ub7ec\ub85c \uc608\uc0c1 \uc0c1\ud68c. \ub2e4\ub9cc AISC 1,517\ub2ec\ub7ec\ub85c \ube44\uc6a9 \ubd80\ub2f4 \ud655\ub300, 2026 \uac00\uc774\ub358\uc2a4\uc640 \uc635\uc158 \ubcc0\ub3d9\uc131 \uc8fc\ubaa9. – vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-38263","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=38263"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}