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Antofagasta posts higher first quarter output, 2017 guidance unchanged
April 26, 2017 / 6:31 AM / in 6 months

Antofagasta posts higher first quarter output, 2017 guidance unchanged

LONDON (Reuters) - Chilean copper producer Antofagasta (ANTO.L) said on Wednesday copper production for the first quarter rose 9 percent on an improved performance at two of its mines and it kept its output target for the year unchanged.

Copper production for the miner reached 171,900 tonnes, a 9.4 percent increase to a year ago but fell 16.4 percent compared to the previous quarter due to lower grades.

Antofagasta stuck to its 2017 output target at 685,000-720,000 tonnes.

Reporting by Zandi Shabalala, editing by Louise Heavens

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