Antofagasta Share Discussion Threads

[deadly] 29/8/2012 14:15

Good results; EPS 65c v 70c. Generating loads of cash and another special dividend is on the cards for later.

[northernlass] 06/5/2012 04:13

Copper Production Up 25.5%

Antofagasta Q1 Group Copper Production Up 25.5% - Quick Facts

(RTTNews) - Antofagasta plc (ANTO.L: News ) reported a 25.5% rise in first-quarter 2012 Group copper production to 162,900 tonnes compared with last year, when Esperanza was commencing production. Nevertheless, there was a 12.9% sequential decrease in copper production, due mainly to planned maintenance and expected lower grades at Los Pelambres and lower throughput at Esperanza in February and March as a result of damage to the feed conveyor which has since been repaired.

In the quarter, Gold production was 63,500 ounces, versus 22,100 ounces in the 2011 first quarter, also reflecting the greater contribution from Esperanza.

Quarterly Molybdenum production at Los Pelambres was 3,100 tonnes, 19.2% higher than the previous quarter, as a result of an increase in the molybdenum grade, partially offset by the lower plant throughput.

Esperanza currently expects to remain within the 2012 full-year forecast range announced on 1 February of between 160,000 and 175,000 tonnes of copper production and between 240,000 and 260,000 ounces of gold production, albeit at the lower end of these ranges. Anticipated production levels at the other three mines remain in line with the earlier forecast.



Also,

Here's a couple of links about SCLP, one of the hottest stocks at the moment:

[captainiceman] 04/5/2012 10:44

1100 has been smashed-this is now gonna test the 1000 level as it did late November.

The problem is that the 50 sma has this week negatively crossed the 200 sma forming a classic "gold cross" & more havoc could be on the cards next week !

AIMHO

[red dog] 03/5/2012 11:05

Antofagasta share price still too high at present considering the information released by them. Reading between the lines does not bode well at present

[deadly] 14/3/2012 19:04

Results looked good to me, so surprised at the drop, but all miners are dropping. Anto has plenty of cash and many prospects for increasing production in the next few years and longer.

[tpaulbeaumont] 13/3/2012 10:33

no ones involved?

[tpaulbeaumont] 12/3/2012 09:39

!knows the results¿

anyone nervous?

[deadly] 07/3/2012 15:01

Chief exec resigns - no reason given!

[deadly] 07/2/2012 21:31

Liked these bits:

Copper production for the quarter came in at 165,000 tonnes a 4% rise when compared with Q3.
Gold production reached just over 54,000 ounces, up 11.7% on the prior quarter.
Robust cash flows and a sound balance sheet will help Antofagasta deliver future growth.
Net cash is $900m.

[oh poodeenyo] 05/2/2012 22:56

Markets having been living the bubble since beginning of 2012, now time for real poodee poodaa. Falsing poodays without substance leads to a bigger crisis ready to pop. Oh Poodeenyo


February 5
Greece takes step closer to default

The second Greek bail-out, which must be approved in a matter of days, has serious implications for the wider eurozone.

Markets are likely to react negatively to news of the breakdown in talks on worries that Greece will default on a €14.5bn bond repayment on March 20, and that "contagion" could spread to Portugal and Italy.

A further complication is the uncertainty over supplementing the €130bn bail-out to take account of the deteriorating economic position in Greece.

Some officials believe around another €15bn is needed – funds that Germany and other countries have said they are unwilling to provide.

The financing gap is likely to open a fierce debate over the sacrifices required of public bondholders such as the European Central Bank, which is being urged to forgo any profits on bonds that are fully paid on maturity.

The stand-off has also delayed a separate agreement with private bondholders' representatives who flew to Athens to finalise a €200bn debt swap included in the rescue package.

Josef Ackermann, chief executive of Deutsche Bank, has warned that failure to agree on a voluntary debt rescheduling for Greece could open "a new Pandora's box" in the eurozone crisis.

"We are in a make or break situation," said Germany's most powerful banker and senior participant in the talks led by the Institute of International Finance.

[l2user] 03/1/2012 12:16

Antofagasta's improved copper and gold production had a beneficial impact on cash costs
25th Dec 2011, 8:00 am

[deadly] 07/12/2011 10:18

You haven't a clue, have you?

[broken_arrow] 27/9/2011 09:00

this stock is worth £3.00 highly over valued will go down soon or later.

[lucky_punter] 26/9/2011 13:41

Second leg of mining sector sell-off "underway", says J P Morgan
But the investment bank still believes the foundations of the commodities "supercycle" are still in place, stating that the current sell off is "an opportunity in waiting"

[lucky_punter] 26/9/2011 13:40

Second leg of mining sector sell-off "underway", says J P Morgan
But the investment bank still believes the foundations of the commodities "supercycle" are still in place, stating that the current sell off is "an opportunity in waiting"

[diku] 23/9/2011 11:11

It makes you wonder if the 800p to 1600p from July 2010 to Jan 2011 was nothing but just speculation on the casinos...makes you wonder the high Oil price & fuel at petrol pumps , increases in food prices, Utility bills & general cost of living is nothing but speculation at the trading pits which spills over from one sector to another....nothing to do with demand...

Commodities are tech boom & bust mark2...

[hotfinance14] 23/9/2011 08:56

All to do with the economy.

[bobsidian] 22/9/2011 19:21

The sheer pace of this move is just scary.

[sruthan] 03/8/2011 10:22

Quarterly Production Report Q2 2011

3 Aug, 2011







· Group copper production in Q2 was 158,700 tonnes, a 22.3% increase compared with the previous quarter. This increase was mainly due to increased production at Esperanza as the ramp-up process continued and also from Los Pelambres as a result of higher ore grades and throughput. Copper production was 288,500 tonnes in the first half of 2011 compared with 252,900 tonnes in the first half of 2010. As previously announced, current estimates for 2011 Group copper production are for between 620,000 and 640,000 tonnes.

· Molybdenum production at Los Pelambres in Q2 was 2,600 tonnes, a 13.0% increase on the previous quarter mainly due to an in increase in ore grade as well as higher throughput. Production in the first half of 2011 was 4,800 tonnes compared with 4,400 tonnes in the first half of 2010.

· Gold production in Q2 was 48,600 ounces, compared with 22,100 ounces in the previous quarter, mainly due to the ramp-up of Esperanza. The increase over H1 2010 mainly reflects the impact of the Esperanza start-up.

· Group cash costs (net of by-product credits) in Q2 were 103.8 cents per pound compared to 107.8 cents per pound in the previous quarter. This decrease was due to reduced costs at Esperanza reflecting the progress of the ramp-up, decreased unit costs at El Tesoro, and increased production at Los Pelambres where costs are below the Group's weighted average. Pre-credit costs were 159.4 cents per pound (Q1 2011 - 155.8 cents per pound).

· Group cash costs (net of by-product credits) in the first half of 2011 were 105.6 cents per pound compared with 91.5 cents per pound in the first half of 2010 mainly due to higher costs at Los Pelambres and El Tesoro as well as the impact of the start of the ramp-up at Esperanza.

[diku] 02/8/2011 13:18

I need to see an optician...