Antofagasta plc Key Executives
This section highlights Antofagasta plc's key executives, including their titles and compensation details.
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Antofagasta plc Earnings
This section highlights Antofagasta plc's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2024 | 2025-02-18 | $0.40 | $0.40 |
| Read Transcript | Q2 | 2024 | 2024-08-20 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-10 | N/A | N/A |
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile. Its mines produce copper cathodes and copper concentrates, as well as molybdenum, gold, and silver by-products. The company also has exploration projects in various countries. In addition, it provides rail and road cargo services to mining customers in northern Chile. The company was founded in 1888 and is headquartered in London, the United Kingdom. Antofagasta plc is a subsidiary of Metalinvest Establishment.
$24.77
Stock Price
$24.42B
Market Cap
-
Employees
London, None
Location
Financial Statements
Access annual & quarterly financial statements for Antofagasta plc, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $6.32B | $5.86B | $7.47B | $5.13B | $4.96B |
| Cost of Revenue | $3.67B | $3.43B | $3.30B | $2.86B | $2.96B |
| Gross Profit | $2.66B | $2.43B | $4.17B | $2.27B | $2.00B |
| Gross Profit Ratio | 42.03% | 41.44% | 55.90% | 44.28% | 40.30% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $618.50M | $558.90M | $550.40M | $484.60M | $445.90M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $618.50M | $558.90M | $550.40M | $484.60M | $445.90M |
| Other Expenses | $256.80M | $-100.00K | $-100.00K | $-100.00K | $-100.00K |
| Operating Expenses | $888.80M | $775.90M | $751.00M | $662.30M | $600.30M |
| Cost and Expenses | $4.54B | $4.21B | $4.05B | $3.52B | $3.56B |
| Interest Income | $43.10M | $19.80M | $33.40M | $3.40M | $9.80M |
| Interest Expense | $121.40M | $95.50M | $68.80M | $93.80M | $133.80M |
| Depreciation and Amortization | $1.26B | $1.14B | $1.07B | $1.17B | $946.52M |
| EBITDA | $3.39B | $2.85B | $4.63B | $2.75B | $2.44B |
| EBITDA Ratio | 53.63% | 48.61% | 62.15% | 51.45% | 48.04% |
| Operating Income | $1.78B | $2.63B | $3.46B | $1.52B | $1.40B |
| Operating Income Ratio | 28.19% | 44.82% | 46.33% | 29.57% | 28.20% |
| Total Other Income Expenses Net | $182.70M | $-68.20M | $16.00M | $-103.40M | $-51.00M |
| Income Before Tax | $1.97B | $2.56B | $3.48B | $1.41B | $1.35B |
| Income Before Tax Ratio | 31.08% | 43.65% | 46.55% | 27.55% | 27.18% |
| Income Tax Expense | $666.10M | $603.60M | $1.24B | $526.50M | $506.10M |
| Net Income | $835.10M | $1.53B | $1.29B | $506.40M | $501.40M |
| Net Income Ratio | 13.20% | 26.15% | 17.27% | 9.87% | 10.10% |
| EPS | $0.85 | $1.53 | $1.29 | $0.54 | $0.53 |
| EPS Diluted | $0.85 | $1.53 | $1.29 | $0.54 | $0.53 |
| Weighted Average Shares Outstanding | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M |
| Weighted Average Shares Outstanding Diluted | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.95B | $3.49B | $2.97B | $3.43B | $2.37B | $3.85B | $3.57B | $3.13B | $2.10B | $2.57B | $2.48B | $2.61B | $2.12B | $2.70B | $2.05B | $2.18B | $1.44B | $1.45B | $1.78B | $2.54B |
| Cost of Revenue | $1.89B | $2.11B | $1.80B | $2.07B | $1.45B | $1.74B | $1.47B | $1.65B | $1.39B | $1.68B | $1.45B | $1.49B | $1.32B | $1.26B | $1.09B | $1.17B | $933.40M | $1.17B | $1.17B | $1.49B |
| Gross Profit | $1.07B | $1.38B | $1.18B | $1.36B | $919.61M | $2.11B | $2.11B | $1.48B | $712.26M | $885.78M | $1.03B | $1.12B | $803.10M | $1.44B | $956.30M | $1.01B | $510.80M | $275.60M | $601.10M | $1.05B |
| Gross Profit Ratio | 36.08% | 39.50% | 39.50% | 39.60% | 38.70% | 54.70% | 59.00% | 47.36% | 33.94% | 34.51% | 41.61% | 42.96% | 37.87% | 53.18% | 46.70% | 46.31% | 35.37% | 19.01% | 33.85% | 41.45% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $299.69M | $306.92M | $325.67M | $272.82M | $276.05M | $278.57M | $268.19M | $292.81M | $201.05M | $223.21M | $230.01M | $266.20M | $254.10M | $269.30M | $213.60M | $334.30M | $189.10M | $226.90M | $210.60M | $114.90M |
| Other Expenses | $-9.00M | $-15.65M | $-10.60M | $-12.26M | $-6.76M | $-11.61M | $-8.06M | $-9.74M | $-8.44M | $-26.10M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $308.68M | $322.57M | $336.27M | $285.08M | $282.81M | $290.18M | $276.24M | $302.55M | $209.49M | $249.31M | $230.01M | $285.90M | $303.40M | $265.20M | $229.30M | $959.90M | $215.40M | $324.80M | $292.90M | $351.50M |
| Cost and Expenses | $2.20B | $2.43B | $2.13B | $2.36B | $1.74B | $2.03B | $1.74B | $1.95B | $1.60B | $1.93B | $1.68B | $1.78B | $1.62B | $1.53B | $1.32B | $2.13B | $1.15B | $1.50B | $1.47B | $1.84B |
| Interest Income | $30.49M | $14.53M | $29.64M | $15.14M | $15.30M | $13.95M | $15.30M | $942.18K | $14.00M | $14.35M | $17.70M | $49.30M | $34.10M | $29.30M | $38.40M | $40.30M | $18.90M | $9.40M | $6.80M | $8.00M |
| Interest Expense | $159.04M | $120.39M | $102.21M | $80.23M | $- | $- | $- | $51.19M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $656.65M | $719.19M | $534.41M | $682.00M | $465.53M | $594.24M | $483.35M | $622.68M | $489.72M | $504.61M | $425.00M | $436.30M | $324.20M | $291.60M | $289.50M | $331.10M | $247.30M | $321.20M | $254.90M | $358.50M |
| EBITDA | $1.48B | $2.01B | $1.37B | $2.66B | $1.09B | $2.26B | $2.27B | $1.80B | $916.05M | $1.17B | $1.22B | $1.25B | $838.10M | $2.97B | $2.09B | $962.00M | $530.00M | $293.60M | $563.00M | $1.08B |
| EBITDA Ratio | 50.23% | 50.91% | 46.21% | 51.15% | 46.44% | 62.62% | 64.78% | 57.59% | 47.29% | 44.46% | 49.46% | 48.03% | 39.52% | 52.03% | 49.07% | 44.18% | 36.70% | 20.25% | 31.70% | 42.39% |
| Operating Income | $757.11M | $1.06B | $840.21M | $1.07B | $636.80M | $1.82B | $1.83B | $1.18B | $502.77M | $636.48M | $803.95M | $818.40M | $513.90M | $1.11B | $715.40M | $630.90M | $282.70M | $-27.60M | $308.10M | $719.70M |
| Operating Income Ratio | 25.63% | 30.30% | 28.24% | 31.29% | 26.83% | 47.17% | 51.25% | 37.70% | 23.96% | 24.80% | 32.36% | 31.33% | 24.23% | 41.24% | 34.94% | 28.97% | 19.57% | -1.90% | 17.35% | 28.29% |
| Total Other Income Expenses Net | $-61.98M | $176.17M | $-52.91M | $862.13M | $-44.79M | $-175.20M | $-75.90M | $-114.21M | $-120.30M | $-27.47M | $-69.95M | $-31.30M | $353.86M | $28.10M | $-26.80M | $-380.17M | $-6.20M | $-31.00M | $-6.70M | $-24.90M |
| Income Before Tax | $695.13M | $1.23B | $787.31M | $1.94B | $592.01M | $1.64B | $1.75B | $1.07B | $382.47M | $609.01M | $734.00M | $787.10M | $465.60M | $1.14B | $688.60M | $8.10M | $276.50M | $-58.60M | $301.40M | $694.80M |
| Income Before Tax Ratio | 23.53% | 35.35% | 26.47% | 56.40% | 24.94% | 42.62% | 49.13% | 34.05% | 18.23% | 23.73% | 29.54% | 30.13% | 21.96% | 42.28% | 33.63% | 0.37% | 19.15% | -4.04% | 16.97% | 27.31% |
| Income Tax Expense | $299.39M | $443.77M | $236.02M | $366.33M | $232.77M | $575.79M | $658.43M | $402.10M | $139.72M | $245.73M | $268.18M | $272.30M | $151.40M | $399.10M | $234.50M | $9.40M | $118.00M | $37.00M | $117.40M | $429.70M |
| Net Income | $259.50M | $512.75M | $340.08M | $1.31B | $244.41M | $619.94M | $661.81M | $380.96M | $132.66M | $209.42M | $297.50M | $299.60M | $192.80M | $460.10M | $290.00M | $31.20M | $88.50M | $-95.90M | $90.80M | $115.00M |
| Net Income Ratio | 8.78% | 14.70% | 11.43% | 38.18% | 10.30% | 16.11% | 18.53% | 12.17% | 6.32% | 8.16% | 11.97% | 11.47% | 9.09% | 17.03% | 14.16% | 1.43% | 6.13% | -6.61% | 5.11% | 4.52% |
| EPS | $0.26 | $0.52 | $0.34 | $1.33 | $0.25 | $0.63 | $0.67 | $0.39 | $0.13 | $0.21 | $0.30 | $0.30 | $0.20 | $0.46 | $0.30 | $0.03 | $0.09 | $-0.10 | $0.09 | $0.12 |
| EPS Diluted | $0.26 | $0.52 | $0.34 | $1.33 | $0.25 | $0.63 | $0.67 | $0.39 | $0.13 | $0.21 | $0.30 | $0.30 | $0.20 | $0.46 | $0.30 | $0.03 | $0.09 | $-0.10 | $0.09 | $0.12 |
| Weighted Average Shares Outstanding | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.87M | 985.86M | 985.86M | 985.91M | 985.87M | 985.87M | 985.86M | 985.87M |
| Weighted Average Shares Outstanding Diluted | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M | 985.86M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $644.70M | $810.40M | $743.40M | $1.25B | $653.70M |
| Short Term Investments | $2.27B | $1.58B | $2.97B | $2.43B | $1.54B |
| Cash and Short Term Investments | $3.38B | $2.39B | $3.71B | $3.67B | $2.19B |
| Net Receivables | $950.10M | $2.13B | $1.16B | $1.07B | $570.90M |
| Inventory | $671.00M | $708.10M | $532.80M | $592.70M | $586.40M |
| Other Current Assets | $193.60M | $-11.47M | $2.27M | $1.10M | $254.80M |
| Total Current Assets | $5.19B | $5.22B | $5.41B | $5.33B | $3.61B |
| Property Plant Equipment Net | $12.66B | $11.54B | $10.54B | $10.00B | $9.71B |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $150.10M | $150.10M |
| Goodwill and Intangible Assets | $- | $1.63B | $3.02B | $150.10M | $150.10M |
| Long Term Investments | $1.18B | $-585.70M | $-2.06B | $-1.50B | $-509.80M |
| Tax Assets | $- | $78.50M | $96.80M | $6.40M | $8.20M |
| Other Non-Current Assets | $615.40M | $348.10M | $271.70M | $2.61B | $1.65B |
| Total Non-Current Assets | $14.46B | $13.02B | $11.87B | $11.27B | $11.00B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $19.65B | $18.24B | $17.28B | $16.60B | $14.61B |
| Account Payables | $788.10M | $751.50M | $579.50M | $536.50M | $513.50M |
| Short Term Debt | $901.90M | $432.50M | $337.90M | $603.40M | $724.00M |
| Tax Payables | $100.56M | $60.40M | $374.20M | $153.90M | $42.80M |
| Deferred Revenue | $- | $- | $408.80M | $- | $74.50M |
| Other Current Liabilities | $398.74M | $361.40M | $282.60M | $331.90M | $268.60M |
| Total Current Liabilities | $2.19B | $1.61B | $1.57B | $1.63B | $1.55B |
| Long Term Debt | $3.17B | $2.84B | $2.83B | $3.15B | $2.03B |
| Deferred Revenue Non-Current | $- | $- | $429.10M | $632.20M | $520.60M |
| Deferred Tax Liabilities Non-Current | $1.66B | $1.54B | $1.41B | $1.11B | $1.11B |
| Other Non-Current Liabilities | $578.10M | $602.80M | $430.70M | $636.00M | $525.10M |
| Total Non-Current Liabilities | $5.41B | $4.99B | $4.68B | $4.90B | $3.66B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $7.60B | $6.59B | $6.25B | $6.52B | $5.21B |
| Preferred Stock | $- | $- | $10.38M | $30.60M | $18.10M |
| Common Stock | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M |
| Retained Earnings | $8.56B | $8.33B | $8.07B | $7.49B | $7.11B |
| Accumulated Other Comprehensive Income Loss | $104.35M | $5.03M | $-10.38M | $-30.60M | $-18.10M |
| Other Total Stockholders Equity | $199.35M | $199.20M | $199.18M | $199.20M | $199.20M |
| Total Stockholders Equity | $8.95B | $8.63B | $8.35B | $7.75B | $7.38B |
| Total Equity | $12.04B | $11.64B | $11.03B | $10.08B | $9.40B |
| Total Liabilities and Stockholders Equity | $19.65B | $18.24B | $17.28B | $16.60B | $14.61B |
| Minority Interest | $3.09B | $3.02B | $2.68B | $2.33B | $2.02B |
| Total Liabilities and Total Equity | $19.65B | $18.24B | $17.28B | $16.60B | $14.61B |
| Total Investments | $3.52B | $995.10M | $914.50M | $925.70M | $1.03B |
| Total Debt | $4.08B | $3.27B | $3.17B | $3.75B | $2.76B |
| Net Debt | $3.43B | $2.46B | $2.43B | $2.51B | $2.10B |
Balance Sheet Charts
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.51B | $643.79M | $303.30M | $810.40M | $872.60M | $743.40M | $1.26B | $1.25B | $796.00M | $653.70M | $2.19B | $1.03B | $676.90M | $1.08B | $745.00M | $716.30M | $577.70M | $807.50M | $1.85B | $845.40M |
| Short Term Investments | $2.92B | $2.27B | $2.05B | $1.58B | $2.01B | $2.97B | $2.98B | $2.43B | $1.57B | $1.54B | $-48.00M | $863.20M | $968.90M | $1.17B | $1.42B | $1.33B | $1.60B | $924.10M | $1.37B | $1.53B |
| Cash and Short Term Investments | $4.43B | $2.92B | $2.35B | $2.39B | $2.88B | $3.71B | $4.24B | $3.67B | $2.37B | $2.19B | $2.19B | $1.90B | $1.65B | $2.25B | $2.17B | $2.05B | $2.18B | $1.73B | $3.22B | $2.37B |
| Net Receivables | $917.55M | $1.14B | $- | $2.13B | $366.50M | $1.16B | $646.80M | $1.07B | $- | $570.90M | $486.20M | $964.20M | $- | $588.80M | $467.90M | $606.10M | $- | $382.80M | $511.60M | $545.60M |
| Inventory | $905.24M | $670.05M | $808.80M | $708.10M | $699.50M | $532.80M | $650.90M | $592.70M | $536.50M | $586.40M | $594.50M | $576.30M | $562.90M | $483.60M | $512.80M | $393.40M | $364.70M | $297.10M | $442.40M | $369.30M |
| Other Current Assets | $1 | $462.94M | $1.24B | $-11.47M | $36.00M | $2.27M | $50.70M | $1.10M | $707.60M | $254.80M | $95.70M | $800.15K | $714.20M | $305.70M | $212.70M | $387.40M | $728.10M | $541.70M | $129.60M | $371.80M |
| Total Current Assets | $6.26B | $5.18B | $4.40B | $5.22B | $3.98B | $5.41B | $5.59B | $5.33B | $3.61B | $3.61B | $3.37B | $3.44B | $2.92B | $3.63B | $3.36B | $3.44B | $3.27B | $2.95B | $4.30B | $3.66B |
| Property Plant Equipment Net | $13.17B | $12.66B | $12.06B | $11.54B | $10.92B | $10.54B | $10.37B | $9.85B | $9.74B | $9.56B | $9.41B | $9.33B | $9.14B | $9.21B | $8.87B | $8.89B | $8.80B | $8.75B | $8.54B | $8.35B |
| Goodwill | $- | $- | $- | $- | $- | $- | $2.90B | $- | $- | $- | $-23 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $118.60M |
| Goodwill and Intangible Assets | $1 | $2 | $2.11B | $1.63B | $2.06B | $3.02B | $3.05B | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $150.10M | $118.60M |
| Long Term Investments | $1.79B | $1.25B | $-1.04B | $-585.70M | $-1.09B | $-2.06B | $-2.03B | $-1.50B | $-593.50M | $-509.80M | $1.12B | $197.60M | $121.00M | $-92.50M | $-316.00M | $-241.00M | $-517.00M | $225.20M | $-1.20B | $-1.32B |
| Tax Assets | $66.01M | $71.90M | $99.80M | $78.50M | $74.30M | $96.80M | $7.20M | $6.40M | $7.70M | $8.20M | $7.60M | $37.20M | $61.40M | $69.10M | $80.30M | $82.80M | $150.30M | $124.60M | $144.60M | $104.60M |
| Other Non-Current Assets | $462.47M | $456.35M | $407.20M | $348.10M | $321.60M | $271.70M | $250.60M | $2.76B | $1.76B | $1.80B | $182.70M | $944.50M | $1.16B | $1.24B | $1.59B | $1.41B | $2.13B | $1.33B | $1.84B | $1.90B |
| Total Non-Current Assets | $15.49B | $14.44B | $13.63B | $13.02B | $12.29B | $11.87B | $11.64B | $11.27B | $11.07B | $11.00B | $10.88B | $10.66B | $10.63B | $10.58B | $10.37B | $10.29B | $10.71B | $10.58B | $9.47B | $9.15B |
| Other Assets | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $21.75B | $19.62B | $18.03B | $18.24B | $16.27B | $17.28B | $17.23B | $16.60B | $14.68B | $14.61B | $14.24B | $14.10B | $13.55B | $14.21B | $13.73B | $13.72B | $13.98B | $13.54B | $13.77B | $12.82B |
| Account Payables | $1.27B | $788.10M | $973.00M | $751.50M | $835.10M | $579.50M | $994.70M | $536.50M | $595.20M | $513.50M | $699.70M | $463.70M | $518.80M | $515.10M | $447.90M | $422.70M | $464.70M | $207.60M | $806.00M | $406.50M |
| Short Term Debt | $1.46B | $901.90M | $596.00M | $432.50M | $268.60M | $337.90M | $547.70M | $603.40M | $879.50M | $724.00M | $726.50M | $646.00M | $562.10M | $753.60M | $822.60M | $836.80M | $813.20M | $758.90M | $465.70M | $284.50M |
| Tax Payables | $167.33M | $100.56M | $53.50M | $60.40M | $51.20M | $374.20M | $341.60M | $153.90M | $32.30M | $42.80M | $31.90M | $52.80M | $57.30M | $192.40M | $65.80M | $119.40M | $25.60M | $198.80M | $254.30M | $77.60M |
| Deferred Revenue | $167.33M | $100.56M | $- | $- | $- | $408.80M | $- | $- | $- | $74.50M | $- | $- | $- | $300.80M | $70.00M | $- | $- | $- | $257.20M | $- |
| Other Current Liabilities | $-140.22M | $398.74M | $23.60M | $361.40M | $24.70M | $282.60M | $67.50M | $331.90M | $37.00M | $268.60M | $- | $144.60M | $1.10M | $101.40M | $4.30M | $175.10M | $1.90M | $273.30M | $3.00M | $394.80M |
| Total Current Liabilities | $2.92B | $2.19B | $1.65B | $1.61B | $1.18B | $1.57B | $1.95B | $1.63B | $1.54B | $1.55B | $1.46B | $1.31B | $1.14B | $1.56B | $1.34B | $1.55B | $1.31B | $1.44B | $1.53B | $1.16B |
| Long Term Debt | $4.41B | $3.17B | $2.57B | $2.84B | $3.10B | $2.83B | $2.99B | $3.15B | $1.95B | $2.03B | $2.19B | $1.84B | $1.86B | $1.95B | $2.20B | $2.28B | $2.40B | $1.99B | $2.01B | $2.09B |
| Deferred Revenue Non-Current | $111.52M | $116.73M | $- | $- | $- | $429.10M | $- | $632.20M | $503.10M | $520.60M | $542.50M | $527.90M | $553.50M | $557.80M | $506.60M | $495.20M | $509.40M | $- | $544.00M | $- |
| Deferred Tax Liabilities Non-Current | $1.56B | $1.65B | $1.51B | $1.54B | $1.36B | $1.41B | $1.23B | $1.11B | $1.04B | $1.11B | $1.01B | $983.50M | $933.50M | $994.10M | $971.70M | $880.90M | $1.14B | $1.08B | $1.04B | $979.80M |
| Other Non-Current Liabilities | $461.27M | $578.10M | $621.90M | $602.80M | $424.00M | $430.70M | $590.30M | $636.00M | $904.10M | $525.10M | $803.00M | $1.00M | $935.20M | $1.60M | $506.50M | $3.10M | $509.30M | $509.80M | $543.90M | $548.70M |
| Total Non-Current Liabilities | $6.55B | $5.40B | $4.70B | $4.99B | $4.88B | $4.68B | $4.81B | $4.90B | $3.36B | $3.66B | $3.54B | $3.36B | $3.35B | $3.51B | $3.68B | $3.66B | $4.06B | $3.58B | $3.59B | $3.62B |
| Other Liabilities | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $9.47B | $7.59B | $6.35B | $6.59B | $6.06B | $6.25B | $6.76B | $6.52B | $4.90B | $5.21B | $5.00B | $4.66B | $4.49B | $5.07B | $5.02B | $5.21B | $5.36B | $5.02B | $5.12B | $4.78B |
| Preferred Stock | $- | $- | $- | $- | $13.23M | $10.38M | $40.60M | $30.60M | $17.60M | $18.10M | $13.50M | $14.50M | $16.90M | $12.50M | $14.30M | $22.30M | $74.90M | $59.30M | $73.40M | $47.40M |
| Common Stock | $89.80M | $89.67M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M | $89.80M |
| Retained Earnings | $8.58B | $8.55B | $8.16B | $8.33B | $7.16B | $8.07B | $7.68B | $7.49B | $7.18B | $7.11B | $7.02B | $7.08B | $6.84B | $7.04B | $6.68B | $6.55B | $6.50B | $6.42B | $6.56B | $5.95B |
| Accumulated Other Comprehensive Income Loss | $121.00M | $104.35M | $5.99M | $5.03M | $-13.23M | $-10.38M | $-40.60M | $-30.60M | $-17.60M | $-18.10M | $-13.50M | $-14.50M | $-16.90M | $-12.50M | $-14.30M | $-22.30M | $-74.90M | $-59.30M | $-73.40M | $-47.40M |
| Other Total Stockholders Equity | $200.62M | $186.56M | $199.20M | $199.20M | $199.23M | $199.18M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M | $199.20M |
| Total Stockholders Equity | $8.99B | $8.94B | $8.46B | $8.63B | $7.43B | $8.35B | $7.93B | $7.75B | $7.45B | $7.38B | $7.30B | $7.36B | $7.11B | $7.32B | $6.96B | $6.82B | $6.72B | $6.65B | $6.78B | $6.17B |
| Total Equity | $12.27B | $12.03B | $11.68B | $11.64B | $10.20B | $11.03B | $10.47B | $10.08B | $9.78B | $9.40B | $9.25B | $9.44B | $9.06B | $9.14B | $8.71B | $8.51B | $8.62B | $8.52B | $8.65B | $8.03B |
| Total Liabilities and Stockholders Equity | $21.75B | $19.62B | $18.03B | $18.24B | $16.27B | $17.28B | $17.23B | $16.60B | $14.68B | $14.61B | $14.24B | $14.10B | $13.55B | $14.21B | $13.73B | $13.72B | $13.98B | $13.54B | $13.77B | $12.82B |
| Minority Interest | $3.29B | $3.09B | $3.22B | $3.02B | $2.77B | $2.68B | $2.54B | $2.33B | $2.33B | $2.02B | $1.95B | $2.08B | $1.95B | $1.82B | $1.76B | $1.69B | $1.90B | $1.87B | $1.87B | $1.86B |
| Total Liabilities and Total Equity | $21.75B | $19.62B | $18.03B | $18.24B | $16.27B | $17.28B | $17.23B | $16.60B | $14.68B | $14.61B | $14.24B | $14.10B | $13.55B | $14.21B | $13.73B | $13.72B | $13.98B | $13.54B | $13.77B | $12.82B |
| Total Investments | $4.72B | $3.52B | $1.00B | $995.10M | $911.60M | $914.50M | $948.90M | $925.70M | $978.10M | $1.03B | $1.07B | $1.06B | $1.09B | $1.08B | $1.11B | $1.09B | $1.09B | $1.15B | $165.90M | $213.70M |
| Total Debt | $5.87B | $4.07B | $3.17B | $3.27B | $3.37B | $3.17B | $3.54B | $3.75B | $2.69B | $2.76B | $2.71B | $2.49B | $2.43B | $2.71B | $3.02B | $3.12B | $3.22B | $2.75B | $2.47B | $2.37B |
| Net Debt | $4.36B | $3.43B | $2.87B | $2.46B | $2.49B | $2.43B | $2.28B | $2.51B | $1.89B | $2.10B | $517.40M | $1.46B | $1.75B | $1.62B | $2.28B | $2.40B | $2.64B | $1.94B | $620.10M | $1.53B |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $855.22M | $2.56B | $3.48B | $1.41B | $1.35B |
| Depreciation and Amortization | $1.26B | $1.14B | $1.08B | $1.05B | $914.30M |
| Deferred Income Tax | $- | $-13.10M | $-9.00M | $-17.20M | $-7.70M |
| Stock Based Compensation | $- | $13.10M | $9.00M | $17.20M | $7.70M |
| Change in Working Capital | $33.80M | $-39.20M | $-159.20M | $-216.10M | $267.80M |
| Accounts Receivables | $-59.29M | $26.51M | $-203.27M | $-277.05M | $219.63M |
| Inventory | $-32.36M | $-180.70M | $10.90M | $-13.60M | $-7.60M |
| Accounts Payables | $140.30M | $138.44M | $54.75M | $33.05M | $91.38M |
| Other Working Capital | $-14.85M | $-23.45M | $-21.58M | $41.50M | $-35.61M |
| Other Non Cash Items | $363.45M | $-1.78B | $-726.50M | $-187.00M | $-440.50M |
| Net Cash Provided by Operating Activities | $2.51B | $1.88B | $3.67B | $2.06B | $2.09B |
| Investments in Property Plant and Equipment | $-2.18B | $-1.88B | $-1.78B | $-1.31B | $-1.08B |
| Acquisitions Net | $883.40M | $196.37K | $-33.50M | $-7.20M | $-1.80M |
| Purchases of Investments | $-964.30M | $-66.50M | $-543.70M | $-886.30M | $-676.50M |
| Sales Maturities of Investments | $- | $1.39B | $- | $- | $- |
| Other Investing Activities | $-1.95M | $79.10M | $151.40M | $13.40M | $100.90M |
| Net Cash Used for Investing Activities | $-2.26B | $-477.50M | $-2.20B | $-2.19B | $-1.66B |
| Debt Repayment | $680.50M | $114.60M | $-545.60M | $1.00B | $153.30M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-613.30M | $-1.24B | $-698.75M | $-139.86M | $-488.47M |
| Other Financing Activities | $-469.20M | $-185.40M | $-693.40M | $-156.50M | $-474.43M |
| Net Cash Used Provided by Financing Activities | $-402.00M | $-1.33B | $-1.95B | $717.10M | $-809.60M |
| Effect of Forex Changes on Cash | $-3.70M | $1.40M | $-20.30M | $4.80M | $-5.80M |
| Net Change in Cash | $-165.70M | $67.00M | $-503.40M | $593.10M | $-380.70M |
| Cash at End of Period | $644.70M | $810.40M | $743.40M | $1.25B | $653.70M |
| Cash at Beginning of Period | $810.40M | $743.40M | $1.25B | $653.70M | $1.03B |
| Operating Cash Flow | $2.51B | $1.88B | $3.67B | $2.06B | $2.09B |
| Capital Expenditure | $-2.18B | $-1.88B | $-1.78B | $-1.31B | $-1.08B |
| Free Cash Flow | $328.63M | $-2.30M | $1.89B | $751.30M | $1.01B |
Cash Flow Charts
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $259.60M | $512.75M | $340.08M | $1.31B | $244.41M | $619.94M | $661.81M | $380.96M | $132.66M | $209.42M | $297.50M | $349.40M | $194.30M | $460.10M | $290.50M | $69.90M | $88.10M | $-97.60M | $705.80M | $64.50M |
| Depreciation and Amortization | $656.65M | $719.19M | $534.41M | $682.00M | $465.53M | $594.24M | $483.35M | $622.68M | $489.72M | $504.61M | $425.00M | $436.30M | $324.20M | $291.60M | $289.50M | $331.10M | $247.30M | $321.20M | $254.90M | $179.25M |
| Deferred Income Tax | $- | $-1.38B | $- | $-1.92B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $6.30M | $- | $6.55M | $- | $4.50M | $- | $- | $- | $3.85M | $- | $3.90M | $- | $10.10M | $- | $3.40M | $- | $4.00M | $- | $2.90M |
| Change in Working Capital | $165.34M | $21.76M | $11.73M | $-555.58M | $518.49M | $-330.03M | $175.87M | $-157.84M | $-61.82M | $-8.07M | $278.51M | $-378.70M | $143.90M | $-240.60M | $243.50M | $-352.70M | $240.60M | $-7.70M | $205.90M | $83.85M |
| Accounts Receivables | $246.91M | $-323.92M | $264.32M | $-708.15M | $740.65M | $-489.88M | $290.97M | $-387.36M | $104.20M | $-174.54M | $381.51M | $-361.80M | $210.30M | $-274.90M | $280.80M | $-379.30M | $254.40M | $-114.20M | $251.90M | $59.30M |
| Inventory | $-131.85M | $86.82M | $-118.57M | $-35.89M | $-151.17M | $29.31M | $-18.90M | $-20.10M | $5.30M | $8.39M | $-15.74M | $-14.90M | $-66.80M | $-11.50M | $-43.50M | $17.70M | $-13.80M | $106.50M | $-46.00M | $24.55M |
| Accounts Payables | $56.78M | $297.95M | $-158.31M | $199.42M | $-54.55M | $65.77M | $-10.74M | $211.67M | $-162.00M | $164.50M | $-69.06M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-6.50M | $-39.09M | $24.29M | $-10.96M | $-16.43M | $64.77M | $-85.45M | $37.95M | $-9.32M | $-6.42M | $-18.20M | $-2.00M | $400.00K | $45.80M | $6.20M | $8.90M | $- | $- | $- | $- |
| Other Non Cash Items | $11.30M | $1.63B | $1.18B | $1.47B | $187.13M | $2.40B | $1.52B | $2.02B | $1.15B | $1.29B | $823.63M | $370.40M | $-132.90M | $623.70M | $129.10M | $590.60M | $-79.90M | $-423.60M | $-570.30M | $191.95M |
| Net Cash Provided by Operating Activities | $1.09B | $1.50B | $982.98M | $1.00B | $1.02B | $1.70B | $2.14B | $1.42B | $675.66M | $981.15M | $1.27B | $781.30M | $529.50M | $1.14B | $952.60M | $642.30M | $496.10M | $-203.70M | $596.30M | $522.45M |
| Investments in Property Plant and Equipment | $-1.06B | $-1.11B | $-1.05B | $-1.16B | $-780.27M | $-1.00B | $-777.80M | $-771.54M | $-539.76M | $-658.62M | $-457.95M | $-450.80M | $-422.10M | $-491.30M | $-410.00M | $-409.70M | $-392.40M | $-386.20M | $-740.30M | $-428.90M |
| Acquisitions Net | $- | $106.35M | $-124.45M | $112.68K | $93.89K | $1.20M | $298.43K | $-7.39M | $206.15M | $361.08K | $1.57M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-648.65M | $-269.70M | $-770.01M | $-68.49M | $-509.80M | $-28.09M | $-556.47M | $-899.23M | $-32.67M | $-713.83M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $-15.44M | $972.37M | $530.91M | $905.25M | $- | $- | $- | $- | $-883.94M | $849.21M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $605.08K | $-106.35M | $124.45M | $191.05M | $509.80M | $272.70M | $-485.60M | $- | $-7.60M | $-733.60M | $444.90M | $268.10M | $205.00M | $332.50M | $-110.50M | $295.60M | $-658.70M | $-598.80M | $1.09B | $-62.40M |
| Net Cash Used for Investing Activities | $-1.71B | $-1.39B | $-849.48M | $-697.52M | $125.07M | $-1.03B | $-1.33B | $-1.68B | $-366.28M | $-2.26B | $392.83M | $-182.70M | $-217.10M | $-158.80M | $-520.50M | $-114.10M | $-1.05B | $-985.00M | $346.10M | $-491.30M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-239.61M | $-109.00M | $-512.59M | $-206.99M | $-1.10B | $-239.77M | $-475.69M | $-61.26M | $-68.78M | $-121.47M | $-358.89M | $-67.10M | $-399.90M | $-101.60M | $-150.80M | $-30.60M | $-100.00K | $-30.70M | $-96.70M | $-57.75M |
| Other Financing Activities | $1.72B | $365.28M | $-150.17M | $-157.82M | $85.44M | $-926.23M | $82.49M | $771.13M | $-93.02M | $-174.59M | $-175.21M | $-159.10M | $-308.00M | $-558.30M | $-248.70M | $-355.20M | $577.80M | $203.50M | $168.70M | $39.45M |
| Net Cash Used Provided by Financing Activities | $1.48B | $256.28M | $-662.76M | $-364.81M | $-1.02B | $-1.17B | $-785.26M | $709.87M | $-161.80M | $-296.06M | $-534.10M | $-226.20M | $-707.90M | $-659.90M | $-399.50M | $-385.80M | $309.50M | $172.80M | $72.00M | $-18.30M |
| Effect of Forex Changes on Cash | $-3.30M | $-5.40M | $3.55M | $4.90M | $-4.20M | $-6.50M | $-3.65M | $- | $-4.05M | $-5.90M | $3.05M | $-14.90M | $-11.20M | $12.40M | $-3.90M | $-3.80M | $15.70M | $-29.80M | $-6.60M | $-8.95M |
| Net Change in Cash | $864.95M | $340.98M | $-511.97M | $-59.72M | $132.56M | $-518.05M | $13.20M | $450.80M | $142.30M | $-1.58B | $1.13B | $178.75M | $-203.35M | $169.30M | $14.35M | $69.30M | $-114.90M | $-522.85M | $503.90M | $3.90M |
| Cash at End of Period | $1.51B | $643.79M | $302.81M | $814.78M | $874.50M | $741.95M | $1.26B | $1.25B | $796.00M | $653.70M | $2.19B | $178.75M | $676.90M | $169.30M | $745.00M | $69.30M | $577.70M | $-522.85M | $1.85B | $3.90M |
| Cash at Beginning of Period | $643.79M | $302.81M | $814.78M | $874.50M | $741.95M | $1.26B | $1.25B | $796.00M | $653.70M | $2.23B | $1.06B | $- | $880.25M | $- | $730.65M | $- | $692.60M | $- | $1.35B | $- |
| Operating Cash Flow | $1.09B | $1.50B | $982.98M | $1.00B | $1.02B | $1.70B | $2.14B | $1.42B | $675.66M | $981.15M | $1.27B | $781.30M | $529.50M | $1.14B | $952.60M | $642.30M | $496.10M | $-203.70M | $596.30M | $522.45M |
| Capital Expenditure | $-1.06B | $-1.11B | $-1.05B | $-1.16B | $-780.27M | $-1.00B | $-777.80M | $-771.54M | $-539.76M | $-658.62M | $-457.95M | $-450.80M | $-422.10M | $-491.30M | $-410.00M | $-409.70M | $-392.40M | $-386.20M | $-740.30M | $-428.90M |
| Free Cash Flow | $33.79M | $395.08M | $-68.86M | $-158.54M | $239.15M | $693.68M | $1.36B | $649.36M | $135.90M | $322.53M | $813.40M | $330.50M | $107.40M | $653.60M | $542.60M | $232.60M | $103.70M | $-589.90M | $-144.00M | $93.55M |
Antofagasta plc Dividends
Explore Antofagasta plc's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
2.96%
Dividend Payout Ratio
73.44%
Dividend Paid & Capex Coverage Ratio
0.85x
Antofagasta plc Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.23631 | $0.23631 | April 17, 2025 | April 22, 2025 | May 12, 2025 | February 05, 2025 |
| $0.07912909 | $0.07912909 | September 05, 2024 | September 06, 2024 | September 30, 2024 | |
| $0.24285 | $0.24285 | April 18, 2024 | April 19, 2024 | May 10, 2024 | |
| $0.11699 | $0.11699 | August 31, 2023 | September 01, 2023 | September 29, 2023 | |
| $0.505 | $0.505 | April 20, 2023 | April 21, 2023 | May 12, 2023 | |
| $0.09211174 | $0.09211174 | September 01, 2022 | September 02, 2022 | September 30, 2022 | |
| $1.18882 | $1.18882 | April 21, 2022 | April 22, 2022 | May 13, 2022 | |
| $0.236 | $0.236 | September 02, 2021 | September 03, 2021 | October 01, 2021 | |
| $0.485 | $0.485 | April 22, 2021 | April 23, 2021 | May 14, 2021 | |
| $0.06199996 | $0.06199996 | September 03, 2020 | September 04, 2020 | October 02, 2020 | |
| $0.234 | $0.234 | April 23, 2020 | April 24, 2020 | May 27, 2020 | |
| $0.107 | $0.107 | September 05, 2019 | September 06, 2019 | October 04, 2019 | |
| $0.37 | $0.37 | April 25, 2019 | April 26, 2019 | May 24, 2019 | |
| $0.06800004 | $0.06800004 | September 06, 2018 | September 07, 2018 | October 05, 2018 | |
| $0.406 | $0.406 | April 26, 2018 | April 27, 2018 | May 25, 2018 | |
| $0.103 | $0.103 | September 07, 2017 | September 08, 2017 | October 06, 2017 | |
| $0.153 | $0.153 | April 27, 2017 | April 28, 2017 | May 26, 2017 | |
| $0.031 | $0.031 | September 08, 2016 | |||
| $0.031 | $0.031 | September 17, 2015 | |||
| $0.098 | $0.098 | April 23, 2015 |
Antofagasta plc News
Read the latest news about Antofagasta plc, including recent articles, headlines, and updates.
Antofagasta bags double JPMorgan upgrade as copper prospects improve
Antofagasta PLC has bagged a double upgrade from JPMorgan analysts on expectations the miner could be a standout among peers on improving prospects for copper ahead. Granting an ‘overweight' rating, JPMorgan laid out expectations for fiscal stimulus measures at China's March National People's Congress meeting.
Antofagasta plc (ANFGF) Full Year 2024 Earnings Call Transcript
Antofagasta plc (OTC:ANFGF) Full Year 2024 Earnings Conference Call February 18, 2025 4:00 AM ET Company Participants Iván Arriagada – Chief Executive Officer Mauricio Ortiz – Chief Financial Officer Alejandra Vial – Vice President Sustainability Conference Call Participants Jason Fairclough – Bank of America Ian Rossouw – Barclays Dan Major – UBS Ioannis Masvoulas – Morgan Stanley Alan Spence – BNP Paribas Exane Bob Brackett – Sanford C. Bernstein & Co. Ben Davis – RBC Matt Greene – Goldman Sachs Edward Goldmith – Deutsche Bank Iván Arriagada So good morning and thank you to everyone.
Antofagasta a better bet than Rio Tinto, says leading investment bank
UBS has taken a contrarian stance on two major mining stocks, backing Antofagasta PLC (LSE:ANTO) over Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) despite broader market preference for the latter. While most analysts favour Rio due to its iron ore dominance, UBS believes Antofagasta's copper exposure offers a stronger long-term growth story.
Halcones Precious Metals Announces Additional Outcrop Chip Channel Sample Results Extending Mineralized Footprint to the South at Polaris Gold Project, Antofagasta Region Chile
TORONTO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) is pleased to announce additional results from the recent field program at the Polaris gold project, Chile (“Polaris” or the “Project”). Polaris is a large, highly prospective gold project that has never been drilled. No modern exploration has been carried out to date other than basic rock sampling and mapping. Surface bedrock sampling performed by Halcones' geologists has extended the strike length of a trend of assay results, comprising more than 400 rock samples, many grading greater than 1g/t gold, to 3.9 km. This trend remains open for another 2km to the north and 1.5 km to the south before reaching property boundaries.
Antofagasta jumps on stronger gold, copper production
Antofagasta PLC racked up a 3.9% gain on Thursday after unveiling stronger production figures for its latest quarter. Some 200.3 kilotons of copper were produced in the fourth quarter, up 11.9% on the third and taking the figure up 0.5% over the course of 2024.
Anglo American and Antofagasta lower after downgrade by Canadian investment bank
RBC Capital Markets has downgraded Anglo American PLC (LSE:AAL) and Antofagasta PLC (LSE:ANTO), highlighting challenges within the diversified mining sector. Anglo American's rating was reduced to 'underperform' from 'sector perform', with a lower price target of 2,200p, down from 2,400p.
Nobel Resources Signs Option Agreements to Acquire 100% Interest in Chilean Copper Portfolio in Antofagasta Region, Chile
TORONTO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Nobel Resources Corp. (TSX – V: NBLC) (the “Company” or “Nobel”) is pleased to announce it has entered into binding agreements pursuant to which it can acquire a 100% interest in four separate copper projects (collectively, the “Projects”), namely Cuprita, Janett, Pampa Austral and Anais (the “Transaction”). The Projects are being acquired by Nobel's wholly owned Chilean subsidiary, Mantos Grandes Resources Chile SpA (“Mantos”).
Antofagasta leads miner rally on fresh China stimulus pledges
Mining shares were sent higher on Monday after Beijing vowed next year would bring further measures to prop up China's flagging economy. Antofagasta PLC (LSE:ANTO) climbed 5.5% in the wake of the commentary from China's Politburo, with Glencore PLC (LSE:GLEN), Rio Tinto PLC and Anglo American PLC (LSE:AAL) also surging.
Eramet: share price rises thanks to China and BofA
On Monday, Eramet shares posted the second-biggest rise in the SBF 120 index on the Paris Bourse, thanks to the stimulus measures announced by China, which particularly benefited mining stocks.On Monday, at the meeting of the Political Bureau of the Central Committee of the Chinese Communist Party (CCP), China unveiled a series of initiatives designed to revive growth that has been stalled for many months.The aim is to implement a 'more proactive' fiscal policy and a 'moderately flexible' monetary policy next year.The idea is also to strengthen unconventional counter-cyclical adjustments, intensify policy coordination and make macroeconomic regulation more forward-looking, targeted and effective.'The country must vigorously stimulate consumption, improve investment efficiency and increase domestic demand on all fronts', the meeting concluded.These announcements benefited the stocks most sensitive to China, namely cyclical sectors such as metals, raw materials and mining groups.Antofagasta (+4%), Rio Tinto (+4%), Thyssenkrupp (+3.5%) and Glencore (+3.4%) were among the biggest risers on the STOXX Europe 600 index on Monday.At a time when European growth is relatively sluggish, a boost to the Chinese economy is welcome and could benefit the eurozone through trade," commented Alexandre Baradez, Head of Market Analysis at IG France.On the Paris Bourse, Eramet shares were up by more than 6% by midday.In addition to the positive effect on the mining sector as a whole, the French manganese, nickel and lithium producer benefited from favorable comments made by analysts at Bank of America.The American investment bank, which is maintaining its buy recommendation and price target of 100 euros on the share, said it saw the stock as "deeply undervalued" in a note released this morning.Copyright (c) 2024 CercleFinance.com. All rights reserved.
Halcones Precious Metals Announces Option Agreement to Acquire 100% Interest in the Polaris Gold Project in Antofagasta Region, Chile
TORONTO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) is pleased to announce it has entered into binding agreements to acquire a 100% interest in the Polaris Project (“Polaris” or the “Project”) from Austral Exploraciones SpA (“Austral”), a privately owned Chilean exploration company (the “Transaction”). Polaris is a highly prospective project with multiple past-producing, high grade gold mines and extensive gold mineralization identified in stockwork zones by recent rock sampling campaigns.
Antofagasta points to 'lower end' copper production this year
Antofagasta PLC (LSE:ANTO) increased third-quarter copper production by 15% and confirmed it was on track to hit its targets this year for output and costs. A 54% jump in gold production also helped the Chile-based group as grades at Centinela Concentrates started to recover.
Antofagasta still London's best way to play copper story - broker
Bullish copper price scenarios have disappointed this year but UBS sees this as a case of a delay to something that will happen and the pure miners still have appeal for the medium term. Prices have been subdued as smelters have stayed open and demand has not recovered as strongly as expected, but the long-term story remains intact argues the bank.
Antofagasta plc (ANFGF) Q2 2024 Earnings Call Transcript
Antofagasta plc (OTC:ANFGF) Q2 2024 Results Conference Call August 20, 2024 9:00 AM ET Company Participants Rosario Orchard - Director of London Office Ivan Arriagada - Chief Executive Officer Mauricio Ortiz - Chief Financial Officer Alejandra Vial - Vice President of Sustainability Rob Simmons - Investor Relations Conference Call Participants Jason Fairclough - Bank of America Ioannis Masvoulas - Morgan Stanley Daniel Major - UBS Ephrem Ravi - Citigroup Marina Calero - RBC Capital Markets Edward Goldsmith - Deutsche Bank Operator Hello and welcome to Antofagasta's 2024 Half Year Results Call. We will start today's session with a short introduction from Antofagasta to be followed by a question-and-answer session.
Antofagasta slashes dividend after copper price reteats
Antofagasta PLC (LSE:ANTO) cut its interim dividend a third despite increasing profits and cash flow in the first half of the year thanks to higher copper prices. Revenue from the Chilean copper mining giant rose 2.3% to just under $3 billion and underlying profit (EBITDA) up 4.8% to $1.4 billion.
Antofagasta not helped by recession talk as interims approach
Gold might be the metal investors turn to when things get rough but copper is the indicator of how the industrial world is faring. As recession talk has increased, the price of copper has dropped, recently easing below US$9,000 for the first time this year.
Copper giant Antofagasta falls as production guidance trimmed
Antofagasta PLC (LSE:ANTO) shares dropped 4% as the FTSE 100 mining giant warned that annual production will be at the lower end of previous guidance. The company's shares, which hit an all-time high above 2,400p in May after rising more than 150% over the past five years, fell 86p to 2,042p on Wednesday morning.
Goldman sees little near-term impact of LME decision; mining stocks hot to trot
The London Metal Exchange (LME) has recently enacted measures that, while significant, are not expected to induce an immediate supply-demand shock in the metals market, according to Goldman Sachs. Despite barring new Russian supplies from April 13 onwards, these changes are primarily procedural, affecting how metals are traded rather than trade fundamentals, said the Wall Street bank.
Kenorland Minerals Announces Termination of Tanacross Project Earn-in Agreement with Antofagasta PLC and Highlights Exploration Upside at South Taurus
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Antofagasta PLC ("Antofagasta") has terminated the Tanacross earn-in option to joint venture agreement dated July 19, 2022 (the "Option Agreement") and Kenorland remains the 100% owner of the Tanacross Project (the "Project"), located in Eastern Alaska, USA.
Antofagasta launches desalination plant for Los Pelambres copper mine in Chile
Chilean miner Antofagasta Minerals on Thursday inaugurated a more than $2 billion desalination plant for its flagship copper mine in Chile, Los Pelambres, aimed at relieving the effects of severe drought that has hit production.
Antofagasta rises on 2024 expansion plans and strong cash flows
Antofagasta PLC (LSE:ANTO), the Chilean-focused mining company, clambered into the top FTSE 100 risers after its shares rose around 2.5%, following the release of its full-year results. Operating cash flows jumped year-on-year from US$2.7 billion to US$3.03 billion, while underlying earnings lifted 5% annually to reach US$3.09 billion.
Antofagasta reiterates guidance as production moves forward again
Chile-based copper miner Antofagasta maintained its forecast for the current year as it continued to move away from the problems of the past twelve months. Group production for 2024 is expected to be between 670-710,000 tonnes of copper and 195-210,000oz of gold as a by-product.
Chilean copper producer Antofagasta acquires 19% stake in Peruvian miner Buenaventura
(Kitco News) - Chile-focused miner Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced today it has acquired beneficial ownership of approximately 19% of the outstanding shares of Peruvian precious and base metals producer Buenaventura (NYSE: BVN).
Time to buy Anglo American and Antofagasta says UBS
UK listed mining stocks climbed on the back of a surprise rise in manufacturing in China, boosting hopes that demand for commodities will remain strong from the world's second largest economy. Top of the risers were Anglo American and Antofagasta, up 7.3% and 4.4% respectively, after they received an additional boost from UBS which upgraded both stocks to ‘buy' from ‘neutral'.
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