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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
  -33.50 -2.9% 1,121.50 1,120.00 1,121.00 1,159.50 1,093.50 1,139.50 1,785,190 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5,523.9 2,571.2 96.8 10.4 11,056

Antofagasta Expects Higher Costs in 2022; 2021 Output in Line With Guidance

19/01/2022 7:51am

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By Jaime Llinares Taboada

 

Antofagasta PLC on Wednesday warned that its operational costs will jump this year, and reported that production for 2021 was in line with its guidance.

The Chile-based copper-mining company forecast net cash costs of $1.55 a pound for 2022. This would be up from $1.20 a pound last year, reflecting lower production and increased input costs, especially sulphuric acid.

In addition, Antofagasta reaffirmed production guidance of 660,000-690,000 metric tons for 2022, and anticipated capital expenditure of between $1.7 billion and $1.9 billion.

The FTSE 100 company also reported copper production fell 1.7% in 2021, to 721,500 tons. This was in line with its previous guidance of 710,000-740,000 tons.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

January 19, 2022 02:36 ET (07:36 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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