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Antofagasta ups copper production in H1, cuts 2023 guidance due to delay at desalination plant

From kitco.com

Chile-focused miner Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced today that its H1 2023 copper output of 295,500 tonnes was 10.0% higher year-on-year (H1 2022: 268,600 tonnes), principally reflecting a 23.9% increase in throughput rates at Los Pelambres. The company's gold production was 86,200 ounces in H1 2023, 16.8% higher than in the same period in 2022 primarily due to higher grades and recoveries at Centinela. Molybdenum production was 4,900 tonnes in H1 2023, 22.5% higher than in the same period last year (H1 2022: 4,000 tonnes) mainly due to higher throughput at Los ... (full story)

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  • Category: Fundamental Analysis