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

Dow Jones News

Antofagasta (LSE:ANTO)
Historical Stock Chart

From Jan 2022 to Jul 2022

Click Here for more Antofagasta Charts.

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; @JaimeLlinaresT


(END) Dow Jones Newswires

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

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

1 Year Antofagasta Chart

1 Year Antofagasta Chart

1 Month Antofagasta Chart

1 Month Antofagasta Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220701 20:54:51