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Antofagasta PLC (ANTO.L)

ANTO.L on London Stock Exchange

996.00GBp
12:11pm EDT
Change (% chg)

22.50 (+2.31%)
Prev Close
973.50
Open
983.00
Day's High
996.50
Day's Low
966.50
Volume
3,241,508
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3,079,175
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1,007.00
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473.00

Latest Key Developments (Source: Significant Developments)

Antofagasta sees FY copper production at lower-end of forecast
Wednesday, 27 Jul 2016 02:00am EDT 

Antofagasta Plc : Q2 2016 production report . Copper production in q2 2016 was 166,200 tonnes, a 5.8% increase on q1 2016 . Molybdenum production at los pelambres was 1,600 tonnes in q2 2016, compared to 1,700 tonnes in q1 2016 . Cash costs before by-product credits in q2 2016 were $1.57/lb, 3.7% lower than in q1 2016 . Net cash costs were $1.25/lb in q2 2016, a 2.3% decrease compared with previous quarter . Sees production for year weighted to second half . Group copper production for first six months of year was 323,300 tonnes, 6.6% higher than in same period last year . Gold production was 52,800 ounces in q2 2016, a 6.9% decrease on q1 2016 largely due to lower production at centinela . Cash costs before by-product credits for first six months of year were $1.60/lb, $0.28/lb lower than same period last year . Group copper production for full year is expected to be at lower end of 710-740,000 tonnes guided in january . Revised estimation of deferred stripping costs at los pelambres in 2016 .Changes introduced in estimation method impacted los pelambres accounting for $0.08/lb of reduction in costs for group for h1 versus year ago.  Full Article

Antofagasta chairman sees another year or two of low copper prices
Wednesday, 18 May 2016 02:01am EDT 

Antofagasta Plc : No doubt that 2015 was a difficult year -chairman . During 2016 we aim to reduce our costs by a further $160 million, or 6 pct of last year's gross cash costs - chairman .Are expecting another year or two of low copper prices - chairman.  Full Article

Antofagasta PLC - Fire affects plant at Chilean Antofagasta's Centinela copper mine - Reuters
Thursday, 24 Dec 2015 10:56am EST 

Antofagasta PLC:Antofagasta Plc said that a fire affected a plant at its Centinela copper mine in northern Chile on Wednesday night, but underscored that nobody was injured and that production would not be impacted. - RTRS.The fire affected the electrowinning unit of Centinela's hydrometallurgy plant and was extinguished minutes after it started, Antofagasta said in a statement on Thursday. - RTRS."This fire will not alter the company's rate of production. Operations at the hydrometallurgical plant are resuming after a risk control was performed," the company said. - RTRS.Antofagasta said it was investigating the cause of the fire, adding that key equipment at the plant was not damaged, though the building that houses the unit was partially affected and is being evaluated - RTRS.  Full Article

Antofagasta PLC halt copper mines in Chile after quake - Reuters
Tuesday, 15 Sep 2015 08:00pm EDT 

Antofagasta PLC:Codelco and Antofagasta PLC suspended operations at two major copper mines in Chile, the world's top producer of the metal, after a powerful earthquake struck off the coast on Wednesday, threatening over 600,000 tonnes of annual capacity - Reuters.State copper miner Codelco halted open-pit operations at its large Andina mine and evacuated workers at its smaller Las Ventanas refining and smelting division, as well as at the two northern ports of Mejillones and Barquito, as a precautionary measure - Reuters.Antofagasta said it had temporarily closed its flagship Los Pelambres mine, which produced over 400,000 tonnes of copper in 2014, and would wait until daybreak to assess the damage - Reuters.There were no initial reports of damage to personnel or equipment - Reuters.  Full Article

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Miner Antofagasta hikes dividend as profits surge

JOHANNESBURG Chilean miner Antofagasta more than tripled its interim dividend on Tuesday after a rally in copper prices boosted first-half earnings, lifting its shares to a four-year high.