Edition:
India

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​.