Antofagasta plc (ANFGF) News
Market Cap: $24.79B
Avg Volume: 1.12K
Industry: Copper
Sector: Basic Materials
Magnitude 6.3 earthquake strikes Antofagasta, Chile, EMSC says
A magnitude 6.3 earthquake struck Antofagasta, Chile region , on Thursday, the European Mediterranean Seismological Centre (EMSC)said.
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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.
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Copper supply is important for energy security, says Antofagasta CEO
Antofagasta CEO Iván Arriagada discusses the mining industry and the company's full-year earnings.
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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.
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Antofagasta, Glencore: Miners on the march in the wake of Trump tariff threat
Donald Trump's reciprocal tariff threat appears to have sparked life into the mining sector. Antofagasta PLC (LSE:ANTO) and Glencore PLC (LSE:GLEN) led the FTSE 100 leaderboard with gains of 4% and 3% respectively.
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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.
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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.
globenewswire.com
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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.
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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.
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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”).
globenewswire.com
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Magnitude 6.1 earthquake strikes Antofagasta, Chile, EMSC says
An earthquake of magnitude 6.1 struck Antofagasta, Chile on Thursday, the European-Mediterranean Seismological Centre (EMSC) said.
reuters.com
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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.
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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.
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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.
globenewswire.com
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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.
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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.
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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.
seekingalpha.com
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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.
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Antofagasta's H1 Profit Tops Forecasts Thanks To Strong Copper Prices
Antofagasta's share price rose after the South American miner announced pre-tax profits that slightly beat City estimates for the six months to June.
forbes.com
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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.
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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.
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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.
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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.
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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.
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Antofagasta plc (OTCANFGF) Q4 2023 Earnings Call Transcript
Antofagasta plc (OTCANFGF) Q4 2023 Earnings Call Transcript
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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.
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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.
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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).
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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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Anglo American and Antofagasta shares rally after upgrades
Anglo American and Antofagasta were rallying Friday in a European stock market playing catch-up to Wall Street, as the two miners were upgraded to buy at UBS.
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Antofagasta's copper and gold production up in 9M 2023, net cash costs down
(Kitco News) - Chile-focused miner Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced today that its 9M 2023 copper output of 469,100 tonnes was 4.1% higher year-on-year (9M 2022: 450,600 tonnes) due to higher copper in concentrate production at both Los Pelambres and Centinela.
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Antofagasta shares up after American bank upgrades to 'buy'
Citi has upgraded its rating for Antofagasta PLC (LSE:ANTO) to 'buy' based on the Chile-focused FTSE 100 miner's potential for volume recovery and compelling valuation. The upgrade comes as Antofagasta is expected to see a significant recovery in copper production, adding 26% to its estimated underlying earnings (EBITDA) over the next two years.
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Copper supply forecasts overly optimistic, analysts warn
Copper supply forecasts may be too optimistic, analysts at Jefferies believe. In a note highlighting copper production growth, Jefferies believed that data indicates potential market deficits persisting until at least 2025.
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Copper-X announces start of exploration at Jupiter copper project in Antofagasta, Chile
Guyana Goldstrike Inc, dba Copper-X Mining Inc. (TSX-V:GYA), announced that it has commenced exploration at the Jupiter copper project in Chile's Antofagasta region in preparation for a National Instrument 43-101 Technical Report. In a statement, the Canadian company told investors that initial exploration work will include geochemical sampling and geological mapping with the arrival of a team at the project, 90 kilometres south of Antofagasta.
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Antofagasta plc (ANFGF) Q2 2023 Earnings Call Transcript
Antofagasta plc (OTC:ANFGF) Q2 2023 Earnings Call Transcript August 10, 2023 9:00 AM ET Company Participants Ivan Arriagada - Chief Executive Officer Mauricio Ortiz - Chief Financial Officer Rene Aguilar - Vice President, Corporate Affairs and Sustainability Ivan Arriagada Hello. I am Ivan Arriagada, Chief Executive of Antofagasta.
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Copper producer Antofagasta increases half-year earnings per share by 27%, declares dividend
(Kitco News) - Chile-focused miner Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced Thursday that its H1 2023 copper output of 295,500 tonnes was 10% higher than the prior year period, principally reflecting a 23.9% increase in throughput rates at Los Pelambres.
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Guyana Goldstrike launches new copper exploration program in Chile's Antofagasta region
Guyana Goldstrike Inc (TSX-V:GYA), dba Copper-X Mining Inc, is getting set to kick off a new exploration program at the Jupiter copper project in Chile's Antofagasta region. The Canadian company said it had acquired geophysical data from the government of Chile, including geophysics showing both regional and property wide magnetic lows correlated with copper mineralized zones.
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Antofagasta ups copper production in H1, cuts 2023 guidance due to delay at desalination plant
(Kitco News) - Chile-focused miner Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced today that its H1 2023 copper output of 295,500 tonnes was 10.0% higher year-on-year (H1 2022: 268,600 tonnes), principally reflecting a 23.9% increase in throughput rates at Los Pelambres.
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Chile-focused miner Antofagasta increases copper and gold production in Q1 y-o-y, reiterates 2023 guidance
(Kitco News) - Chile-focused miner Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced on Wednesday that its Q1 2023 copper production of 145,900 tonnes was in line with guidance, 5.1% higher than in the same quarter in 2022 and 25.4% lower than in Q4 2022.
kitco.com
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How to play Antofagasta stock after Q1 copper production decline?
Antofagasta plc (LON: ANTO), on Wednesday, reported a big sequential decline in copper production for the first quarter. Its shares ended slightly down today.
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Fresnillo and Antofagasta shares boosted by UBS upgrade
Fresnillo and Antofagasta shares were given a double boost today by China's better than hoped GDP numbers and a ratings upgrade by UBS. Shares in Fresnillo advanced 2.6% while Antofagasta rose 2.1%.
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Copper producer Antofagasta says its 2022 EBITDA down 39% on lower revenue and higher costs
(Kitco News) - Chile-focused mining company Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced Tuesday that its revenue for the full year 2022 was $5,862 million, 22% lower than in 2021 reflecting a 12% decrease in copper sales and a 12% decrease in realized copper prices.
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Antofagasta sees pressures easing after tough year slashes profits
Inflation and weak copper prices took a toll on Antofagasta's full-year profits, though the Chile-based miner reiterated it expects an improvement in the current year. Underlying profits slumped 39% to US$2.93bn in 2022 on revenues down 22% at US$5.86bn as water shortages hit production while inflationary pressures pushed costs up 34% and slashed margins by almost 15 points.
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Dep't of Interior cancels Minnesota mineral leases in blow to Antofagasta's Twin Metals
(Kitco News) - The interior department said it found "
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Antofagasta shares a buy "for the long term for leverage to a rising copper price", say Jefferies analysts
Analysts at Jefferies International have said their call is to continue to buy Antofagasta PLC (LSE:ANTO) shares "for the long term for leverage to a rising copper price" despite the risk of a near-term pullback following a recent massive rally in the stock. The call comes after the Chile-focused miner reported 4Q production and costs that met its most recently revised guidance, with copper production of 195.7kt up from 181.9kt in 3Q, while sales increased by 13% quarter-on-quarter to 201.5kt.
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Chile-focused miner Antofagasta reports lower copper and gold production in 2022
(Kitco News) - Chile-focused mining company Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced Wednesday that its copper production for the full year was 646,200 tonnes, within guidance and 10.4% lower than last year.
kitco.com
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Antofagasta sees costs and production rising in 2023
Antofagasta PLC on Wednesday said that it expects both its net cash costs and production to rise in 2023, and reported that production for 2022 was in line with its guidance.
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Antofagasta's health improves rapidly as 'Doctor Copper' recovers
Chilean miner Antofagasta has been one of London's best performers in the past four months, shooting up 66% on the back of China reopening hopes and a rebound in copper prices. A decent trading update last October has also helped with third-quarter production up 40% as water issues at its flagship Los Pelambres mine eased.
proactiveinvestors.co.uk
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Antofagasta: Quality Copper Pure Play
The supply/demand imbalance in copper has already started. I like Antofagasta for fundamental value and macro reasons.
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Senior copper producer Antofagasta says Los Pelambres access blocked
(Kitco News) - The company said that this situation has continued for some days and affects the transport of critical supplies and personnel to the mine site.
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Antofagasta will scrape in at the lower end of production guidance
Chilean copper miner Antofagasta PLC (LSE:ANTO) weighed in with a 40% increase in output in the third quarter, yet warned that it would scrape in at the lower end of production guidance for the year. The shares opened 1.7% lower.
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Antofagasta: Expect A 40% Copper Production Increase This Semester
Antofagasta's 2022 will be weak on a production level basis, but should recover in 2023. With an anticipated production of about 1.7 billion pounds of copper in 2023, it's one of the largest copper producers in the world.
seekingalpha.com
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Antofagasta plc (ANFGF) CEO Ivan Arriagada on Q2 2022 Results - Earnings Call Transcript
Antofagasta plc (OTC:ANFGF) Q2 2022 Earnings Conference Call August 10, 2022 2:00 AM ET Company Participants Andrew Lindsay - Director of London Office Ivan Arriagada - CEO Mauricio Ortiz - CFO Conference Call Participants Ephrem Ravi - Citi Research Ian Rossouw - Barclays Capital Abhinandan Agarwal - Deutsche Bank Ioannis Masvoulas - Morgan Stanley & Co Jatinder Goel - BNP Paribas Daniel Major - UBS Jason Fairclough - Bank of America Danielle Chigumira - Macquarie Operator Thank you for joining the Antofagasta Q&A session today. [Operator Instructions] I will now pass you over to Antofagasta host for the event, Andrew Lindsay.
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Copper miner Antofagasta reports 62% drop in half-year pre-tax profit due to lower production and higher costs
(Kitco News) - Chile-focused mining company Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced today its copper production in H1 2022 was 268,600 tonnes, 25.7% lower than in the same period last year.
kitco.com
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Antofagasta posts 48% drop in interim earnings, but sees improvement in second half
Antofagasta PLC (LSE:ANTO) reported a 48% drop in interim earnings on lower copper output and prices and amid higher input costs, but said it expects an improvement in the second half. Underlying earnings (EBITDA) slumped to US$1.24bn, from US$2.36bn in the year-earlier period, as revenue for the FTSE 100 miner fell 30% to US$2.53bn.
proactiveinvestors.co.uk
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Miner Antofagasta's profit slumps on costs, drought
Antofagasta posted a fall in half-year profit on Thursday, as higher costs, lower grades and a persistent drought in Chile hit the miner's copper production.
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Entain, Antofagasta and M&G stand out on heavy day for company news
Thursday brings another jam-packed morning of company news, including Ladbrokes owner Entain, fund manager M&G, as well as a smattering of property news from Derwen, Savills and RICS housing market data. Numbers from copper miner Antofagasta PLC (LSE:ANTO) will also be instructive for more than its own shareholders, as a firm copper price is often seen as a good sign for the health of the global economy due to its many industrial uses.
proactiveinvestors.co.uk
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Kenorland Minerals options Tanacross copper-gold project to Antofagasta
Kenorland Minerals Ltd (TSX-V:KLD) has signed an earn-in agreement with Antofagasta Minerals SA on the Tanacross copper-gold project located in eastern Alaska in the US. The agreement grants Antofagasta an option to acquire a 70% interest in the project by spending US$30 million on exploration over eight years and delivering a NI 43-101 compliant preliminary economic assessment report.
proactiveinvestors.com
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Antofagasta Looks Overvalued - Turquoise Hill Is A Better Choice
Due to current market conditions in China, Russia's Udokan and Mongolia's Oyu Tolgoi pose significant risks to the prosperity of Chilean mining companies. Antofagasta looks like an obvious outsider, being overvalued relative to its peers in terms of valuation multiples, key operating metrics, and prospects.
seekingalpha.com
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Antofagasta says repairs to the concentrate pipeline at Los Pelambres copper mine in Chile have begun
(Kitco News) - Chile-focused copper miner Antofagasta (LSE: ANTO) informed today that following the announcement on 7 June concerning a leak in the concentrate pipeline at Los Pelambres, the restrictions to access have now been partially eased.
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Senior copper miner Antofagasta reports maiden resources at its Encierro deposit in Chile
(Kitco News) - Chile-focused miner Antofagasta (LSE: ANTO) today announced maiden resources for the Encierro deposit and updated resources for the Cachorro deposit in Chile.
kitco.com
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Glencore and Antofagasta ‘preferred' as Barclays says miners may be ‘powerful outperformers'
The mining sector could be a powerful outperformer, if Chinese stimulus can provide a positive economic impulse into 2023, that's according to analysts at Barclays. “Mining tends to outperform in both stagflation and pre-recessionary periods,” Barclays analysts note that stagflationary conditions such as those seen today have preceded 5 out of the last 7 recessions, and, the sector had outperformed consistently.
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Antofagasta reports leak in the underground pipeline at the Los Pelambres copper mine in Chile
(Kitco News) - Chile-focused mining company Antofagasta (LSE: ANTO) announced today that on 31 May, Los Pelambres detected a leak in the underground pipeline that transports concentrate from the concentrator plant to the port at Los Vilos.
kitco.com
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Antofagasta: 7.5%+ Starting Dividend Yield And Copper Exposure
Antofagasta plc offers a starting 7.5% dividend yield. The dividend payment is unstable and prone to external factors that management cannot control.
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Antofagasta agrees issuance pricing of US$500mln of 5.625% senior unsecured notes
Antofagasta PLC (LSE:ANTO) announced that yesterday it agreed on the pricing of its issuance of US$500mln of 5.625% senior unsecured notes due 2032. The copper producer will use net proceeds from the issuance for debt repayments.
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Antofagasta says drought impacted its copper production in Chile in Q1, hopes to launch desalination plant in H2 2022
(Kitco News) - Chile-focused miner Antofagasta (LSE: ANTO), the world's top-10 copper producer, said today that its copper production in Q1 2022 was 138.8 ktonnes, down 24% compared to Q1 2021 (183 ktonnes) and in line with guidance.
kitco.com
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Antofagasta copper and gold production hit by Chile drought
Antofagasta PLC (LSE:ANTO) shares came under pressure as first-quarter production of gold, copper and molybdenum all dropped significantly. Copper output was down by 41% compared to three months earlier at 138,800 tonnes and balmed on an ongoing drought at Los Pelambres in Chile and lower grades at Centinela.
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Antofagasta expects high copper prices for next 12 months, CEO says
The copper market has solid fundamentals despite current market volatility and will maintain high prices for at least the next 12 months, Ivan Arriagada, CEO of Chile's Antofagasta, forecast.
reuters.com
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European stocks gain for a fourth consecutive session
European stocks finished flat Monday, with the Stoxx Europe 600 index SXXP, +0.04% closing at 454.79.
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Antofagasta agrees deal to exit Reko Diq project in Pakistan
Antofagasta PLC (LSE:ANTO) has reached an agreement in principle with Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) and the governments of Pakistan and Balochistan that will enable a pathway for Antofagasta to exit the Reko Diq project and resolve a dispute. The project was suspended in 2011 owing to a disagreement over the legality of its licensing process, the company said in a statement on Monday.
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Antofagasta plc (ANFGF) CEO Iván Arriagada on FY2021 Results - Earnings Call Transcript
Antofagasta plc (ANFGF) CEO Iván Arriagada on FY2021 Results - Earnings Call Transcript
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Antofagasta ups underlying earnings 161% in 2021 on stronger copper prices, expects lower production in 2022
(Kitco News) - Chile-focused mining company Antofagasta (LSE: ANTO) said today that its revenue for the full year 2021 was $7,470 million, 46% higher than in 2020 reflecting a 47% increase in copper realized prices.
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Antofagasta posts record earnings for 2021 on higher copper and molybdenum prices
Antofagasta PLC (LSE:ANTO) reported record earnings for 2021 as higher copper and molybdenum prices outweighed a dip in production. The FTSE-100 miner posted a 77% jump in underlying earnings (EBITDA) to a record US$4.84bn (£3.5bn) even amid higher operating costs.
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ATEX Resources, A Porphyry Copper-Gold Opportunity In Chile: This Stock Has Significant Upside Potential, Near-Term Catalysts
ATEX Resources is exploring the advanced-stage Valeriano project in Chile, with inferred resources from historical drilling at 0.62 Moz of oxide gold and 5.07 Blb CuEq of porphyry copper.
seekingalpha.com
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Antofagasta plc (ANFGF) CEO Iván Arriagada on Q3 2021 Results - Earnings Call Transcript
Antofagasta plc (ANFGF) CEO Iván Arriagada on Q3 2021 Results - Earnings Call Transcript
seekingalpha.com
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Antofagasta retains full-year copper output guidance, expects costs to be lower than anticipated
Antofagasta PLC retained its full-year production guidance, after reporting a slight increase in quarterly copper output, but said its costs are now likely to be lower than expected for the year. Copper production rose 1.5% in the third quarter, as higher output at Centinela outweighed lower throughput at Los Pelambres, to 181,100 tonnes.
proactiveinvestors.co.uk
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Antofagasta plc (ANFGF) CEO Iván Arriagada on Q2 2021 Results - Earnings Call Transcript
Antofagasta plc (ANFGF) CEO Iván Arriagada on Q2 2021 Results - Earnings Call Transcript
seekingalpha.com
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Antofagasta shares dive after a change in production guidance
(Kitco News) - Antofagasta's (ANTO:LSE) H1 profit more than doubled as a rise in copper prices boosted the miner but a water shortage in Chile prompted the company to cut its production guidance.
kitco.com
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Antofagasta shares slide 5.0% as it cuts guidance for copper production
Antofagasta plc (LON: ANTO) noted an annualised growth in its profit and revenue in the fiscal first half on Thursday. Shares of the company, however, tanked about 5% this morning as the mining company slashed its forecast for copper production this year.
invezz.com
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Antofagasta cuts 2021 production guidance on anticipated lack of rainfall in Chile
Antofagasta PLC reported record interim earnings helped by strong copper prices, but was forced to reduce its production guidance for the year due to anticipated low levels of rainfall in Chile. The FTSE-100 miner revised its copper production guidance to 710-740,000 tonnes from the previous 730-760,000 tonnes.
proactiveinvestors.co.uk
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Antofagasta PLC and Capital Limited in spotlight on Thursday
Antofagasta PLC (LSE:ANTO) is the next miner in the diary this week as it reports interim results on Thursday. The copper miner's shares have come off the high point seen in the last knockings of spring, as the red metal's price has ebbed.
proactiveinvestors.co.uk
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Antofagasta reports H1 2021 copper production in line with expectations
(Kitco News) - Chile-focused copper mining company Antofagasta (ANTO:LSE) reported today that the group's copper production in Q2 2021 was 178,400 tonnes, a decrease of 2.5% compared to the previous quarter, mainly because of lower recoveries at Centinela Cathodes and expected lower grades at Zaldívar.
kitco.com
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Antofagasta: Promising Future With 35% Upside Potential
Antofagasta: Promising Future With 35% Upside Potential
seekingalpha.com
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Antofagasta: Strong Balance Sheet But No Competitive Advantage
Antofagasta is relatively overvalued and has high production costs relative to peers. Management did a great job at building a strong balance sheet with net debt close to zero.
seekingalpha.com
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7 Stocks to Buy Amid Exploding Copper Prices and Global Rebound Optimism
Copper is a leading barometer for global economic health. Here are seven copper stocks if you are optimistic on the economy.
investorplace.com
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Shares in Antofagasta look fair value after May sell off, says Peel Hunt
Shares in Antofagasta PLC (LON:ANTO) have dropped more than 20% from their peak this month making the Chilean copper producer look fair value, said Peel Hunt analyst John Gilbert. “Rising political pressure in Chile to review and reset mining taxation rates has seen ANTO's share price sell off sharply through May,” he said.
proactiveinvestors.co.uk
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Chile-focused miner Antofagasta reports Q1 production in line with guidance
(Kitco News) - Antofagasta reported today that the company's copper production in Q1 2021 was in line with guidance at 183,000 tonnes, 5.7% lower than in the same quarter in 2020 and 5.0% lower than in Q4 2020 mainly due to expected reduced grades at Los Pelambres.
kitco.com
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Antofagasta says copper sales were 9.6% down in the first quarter
Antofagasta plc (LON: ANTO) said on Wednesday that copper production in the first quarter came in 5% lower than the prior quarter, as the Coronavirus pandemic continued to disrupt operations. COVID-19 has so far infected more than 4.3 million people in the United Kingdom and caused over 127 thousand deaths.
invezz.com
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Antofagasta PLC conditionally keeps copper production guidance for the year
Antofagasta PLC (LON:ANTO) said its copper production and costs in the first quarter were in line with guidance as it reported a 5.7% decline in output due to anticipated lower grades at its Los Pelambres mine. The Chilean miner produced 183,000 tonnes of copper in the first quarter and conditionally retained its full-year guidance of 730-760,000 tonnes.
proactiveinvestors.co.uk
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Antofagasta Will Be Printing Cash This Year With Copper Trading Over $4
Antofagasta generated a positive cash flow in 2020, even after including growth investments.
seekingalpha.com
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Antofagasta plc (ANFGF) Q4 2020 Results - Earnings Call Transcript
Antofagasta plc (ANFGF) Q4 2020 Results - Earnings Call Transcript
seekingalpha.com
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Antofagasta plc says its net profit climbed by 6% in 2020
Antofagasta plc (LON: ANTO) said on Tuesday that its net profit jumped 6% on a year over year basis in 2020, despite the ongoing Coronavirus pandemic that has so far infected more than 4.2 million people in the United Kingdom and caused over 125 thousand deaths. On the back of hawkish annual performance, Antofagasta also […] The post Antofagasta plc says its net profit climbed by 6% in 2020 appeared first on Invezz.
invezz.com
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Antofagasta posts better-than-expected underlying profits in 2020
Antofagasta PLC (LON:ANTO) posted a better-than-expected increase in underlying profits in 2020 as lower costs and higher copper and gold prices outweighed a decline in production. EBITDA rose 12.3% to US$2.7bn, beating analysts' expectations of US$2.6bn, on higher revenue and lower unit costs due to the weaker Chilean peso, lower input costs and continued tight cost control.
proactiveinvestors.co.uk
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Antofagasta more likely to be on a roll than Greggs on Tuesday
Journalists are unlikely to wheel out their favoured “Greggs on a roll” headline when the bakery chain issues its full-year results on Tuesday. Greggs PLC (LON:GRG) has already told the market it expects its loss before tax for 2020 to be as much as £15mln, compared to a profit of £108mln a year earlier so the focus will be on current trading.
proactiveinvestors.co.uk
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KAZ Minerals: Shareholders Should Reject The Buyout Offer
KAZ Minerals: Shareholders Should Reject The Buyout Offer
seekingalpha.com
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Antofagasta says copper production came in line with expectations in Q4
In an announcement on Wednesday, Antofagasta plc (LON: ANTO) said that its fourth-quarter copper production came in line with what analysts had anticipated. Copper production, it added, was better than the prior quarter (Q3).
invezz.com
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7 Stocks Warren Buffett Should Consider
Investors like keeping an eye on the famed investor Buffett. Here are seven more companies that could possibly become Warren Buffett stocks.
investorplace.com
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These Under-the-Radar Stocks Could Be Big Winners of a Renewable Energy Revolution
An old economy industry is going to be a big beneficiary of the energy transition.
fool.com
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