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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Antofagasta Plc | LSE:ANTO | London | Ordinary Share | GB0000456144 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-42.00 | -1.90% | 2,168.00 | 2,178.00 | 2,180.00 | 2,226.00 | 2,166.00 | 2,207.00 | 625,186 | 16:35:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Copper Ores | 6.32B | 835.1M | 0.8471 | 25.73 | 21.49B |
By Oliver Griffin
Antofagasta PLC (ANTO.LN) on Wednesday said it expects 2019 will be a record year for the company, after having met the top ends of its guidance ranges for copper and gold production in 2018.
The Chile-based mining company said it produced 725,300 metric tons of copper in 2018, up from 704,300 tons in 2017. Gold production for the year declined 1.1% to 210,100 ounces, the company said.
On a quarterly basis, gold production soared 87% to 90,000 ounces in the fourth quarter from 48,100 ounces in the third, due to higher throughput, grades and recoveries at the Centinela mine.
Fourth-quarter copper production rose 17% to 220,000 tons from 188,300 tons in the third quarter, Antofagasta said.
Antofagasta's production of strategic metal molybdenum, which is often used to make metal alloys, rose 30% on year to 13,600 tons. On a quarterly basis, molybdenum production fell 25% to 3,300 tons, the company said.
The miner said it expects 2019 will be a record year and forecast copper output in a range of 750,000-790,000 tons, with gold expected at between 240,000-260,000 ounces. Molybdenum production is expected in a range of 11,500-12,500 tons, the company said.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
January 23, 2019 02:37 ET (07:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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