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Antofagasta PLC (ANTO.L)

ANTO.L on London Stock Exchange

812.00GBp
23 Aug 2019
Change (% chg)

-4.80 (-0.59%)
Prev Close
816.80
Open
822.40
Day's High
829.80
Day's Low
807.60
Volume
1,466,285
Avg. Vol
2,332,895
52-wk High
1,026.00
52-wk Low
713.20

Latest Key Developments (Source: Significant Developments)

Antofagasta Says Copper Market Continues To Look Tight
Wednesday, 22 May 2019 

May 22 (Reuters) - Antofagasta PLC ::IT IS CO'S VIEW THAT COPPER MARKET CONTINUES TO LOOK TIGHT, WITH OUTLOOK FOR 2019 AND BEYOND POSITIVE FOR COPPER PRICES.UNDERTAKEN A FULL INVESTIGATION OF FATAL INCIDENT AT LOS PELAMBRES IN OCTOBER.BELIEVES THAT A LOW CARBON ECONOMY NEEDS METALS, PARTICULARLY COPPER.SAYS "WE ARE AWARE THAT MUCH OF RECENT FOCUS ON CORPORATE GOVERNANCE IN UK HAS BEEN AROUND STAKEHOLDER ENGAGEMENT".BELIEVE THAT CURRENT GOVERNANCE STRUCTURES SUPPORT REPRESENTATION OF STAKEHOLDER VIEWS AND INTERESTS IN DECISION MAKING.FIRST PHASE OF EXPANSION AT LOS PELAMBRES IS EXPECTED TO ADD AN AVERAGE OF 60,000 TONNES OF COPPER PRODUCTION PER YEAR.  Full Article

Antofagasta Says Brexit Not Expected To Have Any Appreciable Impact On Group
Friday, 12 Apr 2019 

April 12 (Reuters) - Antofagasta PLC ::AS THE GROUP HAS NO OPERATIONS OR MATERIAL EXPOSURE TO THE UK, BREXIT IS NOT EXPECTED TO HAVE ANY APPRECIABLE IMPACT ON THE GROUP.  Full Article

Antofagasta Q4 Production Rises; Sees Higher 2019 Copper, Gold Production
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Antofagasta PLC ::Q4 2018 PRODUCTION REPORT.PRODUCTION FOR QUARTER OF 220,000 TONNES AND FOR FULL YEAR OF 725,300 TONNES.GROUP COPPER PRODUCTION IN Q4 2018 WAS 220,000 TONNES, 16.8% HIGHER COMPARED TO PREVIOUS QUARTER.GROUP COPPER PRODUCTION FOR FULL YEAR OF 725,300 TONNES WAS AT TOP END OF REVISED GUIDANCE.GOLD PRODUCTION WAS 90,000 OUNCES IN Q4 2018, AN 87.1% INCREASE ON Q3.FULL YEAR GOLD PRODUCTION WAS 210,100 OUNCES, TOP END OF GUIDANCE.MOLYBDENUM PRODUCTION WAS 3,300 TONNES IN Q4 2018 AND 13,600 TONNES FOR FULL YEAR, 29.5% HIGHER THAN IN PREVIOUS YEAR.CASH COSTS BEFORE BY-PRODUCT CREDITS IN Q4 2018 WERE $1.43/LB, 16.9% LOWER THAN IN Q3 2018.GROUP PRODUCTION IN 2019 EXPECTED TO BE 750-790,000 TONNES OF COPPER, 240-260,000 OUNCES OF GOLD AND 11,500-12,500 TONNES OF MOLYBDENUM.GROUP CASH COSTS IN 2019 BEFORE AND AFTER BY-PRODUCT CREDITS ARE EXPECTED TO BE SIMILAR TO 2018'S AT $1.70/LB AND $1.30/LB RESPECTIVELY.CAPITAL EXPENDITURE IN 2019 IS EXPECTED TO BE $1.2 BILLION.SUSTAINING CAPITAL EXPENDITURE AND MINE DEVELOPMENT WILL REMAIN AT SIMILAR LEVELS AS 2018."AS ANNOUNCED IN OCTOBER 2018, THERE WAS A FATAL ACCIDENT AT LOS PELAMBRES IN THAT MONTH".A FULL INVESTIGATION IN FATALITY HAS NOW BEEN COMPLETED.  Full Article

Antofagasta Says Expansion Of Its Los Pelambres Subsidiary Approved
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Antofagasta PLC ::LOS PELAMBRES EXPANSION APPROVED.LOS PELAMBRES EXPANSION WILL ADD AN AVERAGE OF 60,000 TONNES OF COPPER A YEAR TO MINE'S PRODUCTION OVER FIRST 15 YEARS OF OPERATION.CONSTRUCTION OF LOS PELAMBRES WILL START AT BEGINNING OF 2019 AND FIRST PRODUCTION IS EXPECTED IN SECOND HALF OF 2021.THROUGHPUT AT LOS PELAMBRES PLANT TO BE INCREASED FROM CURRENT CAPACITY OF 175,000 TONNES OF ORE/DAY TO AVERAGE OF 190,000 TONNES OF ORE/DAY.FYCOPPER PRODUCTION AT LOS PELAMBRES TO INCREASE FROM 40,000 TONNES IN FY AT EXPANDED THROUGHPUT TO 70,000 TONNES AT END OF 15 YEAR PERIOD.  Full Article

Antofagasta Sees FY Impact From Los Pelambres Blockage On Sales To Be Less Than 5,000 Tonnes
Tuesday, 8 May 2018 

May 8 (Reuters) - Antofagasta PLC ::LOS PELAMBRES UPDATE: DELAY IN CONCENTRATES SHIPPING.NO DAMAGE TO PIPELINE HAS BEEN DETECTED AND NO LEAK HAS OCCURRED.BLOCKAGE HAS NOW BEEN SUCCESSFULLY CLEARED AND FILTERING OF CONCENTRATES AT PORT RESUMED ON 5 MAY.ANTOFAGASTA - DURING MAINTENANCE, TESTING OF PIPELINE THAT TRANSPORTS CONCENTRATES FROM PROCESSING PLANT AT LOS PELAMBRES TO PORT AT LOS VILOS REVEALED BLOCKAGE.ESTIMATED THAT IT WILL TAKE UP TO 3 MONTHS FOR STOCKPILES AT PLANT AND PORT TO RETURN TO NORMAL LEVELS.NO MATERIAL CAPITAL EXPENDITURE HAS BEEN INVOLVED IN BRINGING PIPELINE BACK TO NORMAL OPERATIONS.FOR SIX MONTHS TO 30 JUNE SALES ARE EXPECTED TO BE IMPACTED BY SOME 15,000 TONNES.FOR FULL YEAR, IMPACT ON PRODUCTION AND SALES IS ESTIMATED TO BE LESS THAN 5,000 TONNES FOR BOTH.PRODUCTION GUIDANCE FOR FULL YEAR REMAINS UNCHANGED AT 705- 740,000 TONNES.  Full Article

Antofagasta Says ‍Q4 Copper Production At 704,300 Tonnes
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Antofagasta Plc ::‍Q4 COPPER PRODUCTION AT 704,300 TONNES WAS IN LINE WITH GUIDANCE AND CAME IN AT A NET CASH COST OF $1.25/LB​.‍GOLD PRODUCTION WAS 40,500 OUNCES IN Q4 2017, A 32.0% DECREASE ON Q3 2017 DUE TO LOWER GRADES AND RECOVERIES AT CENTINELA​.‍GROUP CASH COSTS IN 2018 BEFORE AND AFTER BY-PRODUCT CREDITS ARE EXPECTED TO BE $1.65/LB AND $1.35/LB RESPECTIVELY​.‍CAPITAL EXPENDITURE IN 2018 IS EXPECTED TO BE $1.0 BILLION​.PRODUCTION IN 2018 IS EXPECTED TO BE IN RANGE OF 705-740,000 TONNES OF COPPER, 190-210,000 OUNCES OF GOLD, 11,500-12,500 TONNES OF MOLYBDENUM​.‍LABOUR NEGOTIATIONS AT LOS PELAMBRES ARE EXPECTED TO BE CONCLUDED DURING Q1 2018​.‍LOS PELAMBRES PRODUCED 92,800 TONNES OF COPPER IN Q4 2017​.  Full Article

Miner Antofagasta says Q3 copper production up 3.3 pct
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Antofagasta Plc ::‍GROUP COPPER PRODUCTION IN Q3 2017 WAS 180,200 TONNES, 3.3% HIGHER​.‍GOLD PRODUCTION DURING QUARTER INCREASED BY 1.2% TO 59,600 OUNCES​.ANTOFAGASTA PLC - ‍NOW EXPECT OUR NET CASH COSTS TO BE BELOW OUR ORIGINAL GUIDANCE FOR FULL YEAR OF $1.30/LB.​.ANTOFAGASTA - ‍COPPER PRODUCTION GUIDANCE FOR 2017 REMAINS UNCHANGED AT 685-720,000 TONNES, AND PRODUCTION IS EXPECTED TO INCREASE TO 705-740,000 TONNES IN 2018​.ANTOFAGASTA PLC - ‍IN 2018 PLAN TO INCREASE PRODUCTION TO 705-740,000 TONNES OF COPPER AS ENCUENTRO OXIDES RAMPS-UP TO FULL PRODUCTION​.‍CASH COSTS BEFORE BY-PRODUCT CREDITS GUIDANCE FOR FULL YEAR IS UNCHANGED AT $1.55/LB​.‍TOTAL CAPITAL EXPENDITURE FOR YEAR IS EXPECTED TO BE APPROXIMATELY $900 MILLION​.‍LABOUR NEGOTIATIONS HAVE COMMENCED AT LOS PELAMBRES AND ARE EXPECTED TO BE CONCLUDED BEFORE DEADLINE IN FEBRUARY 2018​.ANTOFAGASTA - ‍FY NET CASH COSTS ARE NOW EXPECTED TO BE LOWER THAN $1.30/LB GUIDED AT BEGINNING OF YEAR REFLECTING STRONGER THAN EXPECTED BY-PRODUCT REVENUE​.  Full Article

UPDATE 2-Antofagasta cuts costs to beat copper price fall

* Expects 2020 output to decline (Adds detail, analyst, Fitch, shares)