Antofagasta Share Discussion Threads

[ukgeorge] 26/10/2016 09:22

 Antofagasta (ANTO LN) Q3 production report delivers 180.6kt Cu up 8.7% QoQ as Antucoya reaches full production. Group cash cost pre-credit at 154c/lb or post credit 118c/lb. Guidance toward lower end of 710-740kt Cu (INV 716kt) range given at start of year as previously indicated at interims. Cash costs outlook lowered to 125c/lb from 130c/lb (INV133c/lb). Production guidance for next year is 685-720kt Cu and capex for this year and next is expected to be around US$900m. The company has been conducting material operational reviews in order to have better accuracy of forecasting. Source: Company Investec View: Whilst this year’s performance appears reasonable versus expectations and the lower cash cost is encouraging, the outlook for next year suggests higher capex and not immaterial downgrades to production with the market likely closer to 750-760kt. The key issues have been harder ore at Los Pelambres and lower grades at Centinela.

[chinese investor] 26/10/2016 07:54

This increased production will tail off in 2017 !

[ukgeorge] 25/10/2016 10:15

lovely jubbly, lets hope it gets through and holds £5.60 in the coming days then on to £7 boom

[chinese investor] 25/10/2016 08:22

Go Go Horsey !

[chinese investor] 25/10/2016 08:06

Great Start !

[chinese investor] 24/10/2016 08:41

Recovery Continues !

[ukgeorge] 21/10/2016 12:10

really more likely 500p

[chinese investor] 21/10/2016 11:49

600p Soon !

[ukgeorge] 19/10/2016 10:57

quite annoying how much these have underperformed Kaz in the last few weeks.

[ukgeorge] 18/10/2016 10:32

Fingers crossed next time it breaks above £5.60 it holds, that looks like where the main resistance is and once its broken should move up strongly, hopefully to around £7

[chinese investor] 18/10/2016 09:53

Copper & Gold Prices Up !

[chinese investor] 17/10/2016 08:07

Thanks for the information GreenRichard.

[greenrichard] 14/10/2016 19:18

http://www.mining.com/antofagastas-los-pelambres-mine-faces-potential-24-million-fine-closure/

[chillwill] 12/10/2016 12:09

Quite a while to wait until next dividend. Reporting in dollars will certainly help out the p&l account in sterling terms.

[chinese investor] 12/10/2016 11:54

Another Milestone Reached ! Weak Sterling Guarantees A Good Final Dividend !

[chinese investor] 11/10/2016 11:40

600p Soon !

[ukgeorge] 11/10/2016 11:32

looks like i sold some too early, roll on £6

[ukgeorge] 11/10/2016 09:24

sold a third, time for a cup of tea

[ukgeorge] 11/10/2016 09:22

might have to take some profits here :)

[chinese investor] 11/10/2016 08:37

Good Start !

[chinese investor] 10/10/2016 15:59

Another Milestone Achieved !

[ukgeorge] 07/10/2016 15:24

these tend to lag copper miners, due to the low production cost less leverage