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Antofagasta PLC (ANTO.L)

ANTO.L on London Stock Exchange

946.40GBp
9:48am BST
Change (% chg)

-2.40 (-0.25%)
Prev Close
948.80
Open
935.00
Day's High
948.20
Day's Low
933.80
Volume
295,541
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2,358,973
52-wk High
1,026.00
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713.20

Latest Key Developments (Source: Significant Developments)

Antofagasta Reports H1 Core Earnings Up 44%
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Antofagasta PLC ::H1 REVENUE 2.526 BILLION USD VERSUS 2.121 BILLION USD YEAR AGO.H1 PRETAX PROFIT ROSE 63.9 PERCENT TO 763 MILLION USD.EBITDA FOR FIRST SIX MONTHS OF YEAR WAS $1,305.9 MILLION, 44.0% HIGHER.HY EBITDA MARGIN OF 51.7%, INCREASED FROM 42.6%.INTERIM DIVIDEND OF 10.7 CENTS PER SHARE.HY GROUP COPPER PRODUCTION INCREASED BY 22.2% TO 387,300 TONNES.GROUP CASH COSTS BEFORE BY-PRODUCT CREDITS FOR HALF YEAR WERE $1.66/LB.OUTLOOK FOR COPPER MARKET REMAINS UNCERTAIN.ANTOFAGASTA - COPPER PRODUCTION GUIDANCE FOR FY UNCHANGED AT 750-790,000 TONNES AND NET CASH COST GUIDANCE HAS BEEN REDUCED BY 5C/LB TO $1.25/LB.ANTOFAGASTA - COPPER MARKET OUTLOOK REMAINS UNCERTAIN WITH PROTRACTED NEGOTIATIONS BETWEEN USA AND CHINA IMPACTING GLOBAL TRADE.HY GROUP NET CASH COSTS OF $1.19/LB.CAPITAL EXPENDITURE GUIDANCE FOR FULL YEAR IS UNCHANGED AT $1.2 BILLION.EXPECT RATE OF PRODUCTION TO CONTINUE INTO SECOND HALF OF 2019.ANTOFAGASTA - UNCERTAINTY FROM CONTINUING TRADE TALKS BETWEEN USA AND CHINA HAS HAD A SIGNIFICANT NEGATIVE IMPACT ON MARKET SENTIMENT AND COPPER PRICE.ANTOFAGASTA - SUPPLY AND DEMAND FUNDAMENTALS REMAIN POSITIVE AND DISRUPTIONS DURING YEAR TO DATE HAVE BEEN BROADLY IN LINE WITH EXPECTATIONS."OUTLOOK FOR COPPER MARKET REMAINS UNCERTAIN WITH PROTRACTED NEGOTIATIONS BETWEEN USA AND CHINA IMPACTING GLOBAL TRADE".LABOUR NEGOTIATIONS SCHEDULED WITH SUPERVISORS AT ZALDÍVAR AND LOS PELAMBRES, WORKERS AT ANTUCOYA, EXPECTED TO CONCLUDE IN H2 2019.  Full Article

Antofagasta Second-Quarter Copper Production Jumps 22%
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Antofagasta PLC ::ANTOFAGASTA PLC - Q2 2019 PRODUCTION REPORT.ANTOFAGASTA PLC - Q2 COPPER PRODUCTION STOOD AT 198,600 TONNES, 5.3% HIGHER THAN PREVIOUS QUARTER.ANTOFAGASTA PLC - MAINTAIN OUR PRODUCTION GUIDANCE FOR FULL YEAR AT 750-790,000 TONNES.ANTOFAGASTA PLC - FULL YEAR NET CASH COST GUIDANCE FOR YEAR IS NOW EXPECTED TO BE $1.25/LB, 5C/LB LESS THAN GUIDED AT BEGINNING OF YEAR.ANTOFAGASTA PLC - GROUP COPPER PRODUCTION FOR FIRST SIX MONTHS OF YEAR WAS 387,300 TONNES, 22.2% HIGHER.ANTOFAGASTA PLC - GOLD PRODUCTION DURING QUARTER INCREASED BY 39.7% TO 86,900 OUNCES COMPARED TO PREVIOUS QUARTER.ANTOFAGASTA PLC - NET CASH COSTS WERE $1.14/LB IN Q2 2019.ANTOFAGASTA PLC - AS AT END OF JUNE 2019, LOS PELAMBRES EXPANSION PROJECT PROGRESS TO COMPLETION WAS 22%.ANTOFAGASTA PLC - LABOUR NEGOTIATIONS WITH SUPERVISORS AT ZALDÍVAR AND LOS PELAMBRES, AND WORKERS AT ANTUCOYA ARE EXPECTED TO BE CONCLUDED IN H2 2019.  Full Article

Barrick Gold Corp Announces Reko Diq Arbitration Award
Monday, 15 Jul 2019 

July 15 (Reuters) - Barrick Gold Corp ::BARRICK ANNOUNCES REKO DIQ ARBITRATION AWARD.BARRICK GOLD CORP - ICSID HAS AWARDED $5.84 BILLION IN DAMAGES TO TETHYAN COPPER COMPANY PTY LIMITED.BARRICK GOLD CORP - DAMAGES INCLUDE COMPENSATION OF $4.087 BILLION IN RELATION TO FAIR MARKET VALUE OF REKO DIQ PROJECT AT TIME MINING LEASE WAS DENIED.BARRICK GOLD CORP - DAMAGES INCLUDE INTEREST UNTIL DATE OF AWARD OF $1.753 BILLION.BARRICK GOLD CORP - DAMAGES INCLUDE COMPENSATION OF $4.087 BILLION IN RELATION TO FAIR MARKET VALUE OF REKO DIQ PROJECT AT TIME MINING LEASE WAS DENIED.BARRICK GOLD CORP - DAMAGES INCLUDE INTEREST UNTIL DATE OF AWARD OF $1.753 BILLION..BARRICK GOLD CORP - ICSID AWARDED DAMAGES TO TETHYAN, A JOINT VENTURE HELD EQUALLY BY BARRICK AND ANTOFAGASTA PLC.  Full Article

Antofagasta Says Non-Exec Director Gonzalo Menendez Passed Away
Monday, 1 Jul 2019 

July 1 (Reuters) - Antofagasta PLC ::NON-EXECUTIVE DIRECTOR GONZALO MENENDEZ PASSED AWAY OVER WEEKEND, FOLLOWING A PERIOD OF ILLNESS.  Full Article

Antofagasta Q1 Copper Production Rises 22.6 Pct
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Antofagasta PLC ::Q1 2019 PRODUCTION REPORT.COPPER PRODUCTION IN Q1 2019 WAS 188,600 TONNES.GOLD PRODUCTION WAS 62,200 OUNCES IN Q1 2019, 92.6% HIGHER THAN IN Q1 2018.QTRLY MOLYBDENUM PRODUCTION INCREASED BY 12.9% COMPARED TO SAME PERIOD IN 2018.NET CASH COSTS FOR QUARTER WERE $1.24/LB, SOME 5C/LB LOWER THAN FULL 2018 YEAR AND BELOW OUR GUIDANCE FOR THIS YEAR OF $1.30/LB.GUIDANCE FOR YEAR IS UNCHANGED.QTRLY CASH COSTS BEFORE BY-PRODUCT CREDITS IN QUARTER DECREASED TO $1.70/LB FROM $2.00/LB.GROUP COPPER PRODUCTION FOR YEAR EXPECTED TO BE 750-790,000 TONNES.  Full Article

Antofagasta Announces Completion Of Los Pelambres Expansion Financing
Thursday, 4 Apr 2019 

April 4 (Reuters) - Antofagasta PLC ::ANTOFAGASTA PLC - COMPLETION OF LOS PELAMBRES EXPANSION FINANCING.ANTOFAGASTA - UNIT SAYS COMPLETION OF FINANCING OF LOS PELAMBRES EXPANSION PROJECT WITH $1.3 BILLION PROJECT COST BEING DEBT FINANCED BY LOS PELAMBRES.  Full Article

Antofagasta Posts 14 Pct Drop In Annual EBITDA, Revenue Flat
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Antofagasta PLC ::PRELIMINARY RESULTS ANNOUNCEMENT.REVENUE FOR FULL YEAR OF $4,733.1 MILLION WAS ALMOST UNCHANGED COMPARED TO 2017.FY EBITDA WAS $2,228 MILLION, 13.9% LOWER THAN PREVIOUS YEAR ON FLAT REVENUE & AS UNIT COSTS INCREASED DUE TO GRADE DECLINES & HIGHER INPUT COSTS.PRODUCTION IN 2019 IS EXPECTED TO BE 750-790,000 TONNES OF COPPER, 240-260,000 OUNCES OF GOLD AND 11,500-12,500 TONNES OF MOLYBDENUM.FY CAPITAL EXPENDITURE DECREASED TO $873 MILLION, $26.2 MILLION LOWER THAN IN 2017.NET DEBT AT END OF 2018 WAS $596 MILLION, A $140 MILLION INCREASE COMPARED WITH 2017.FINAL DIVIDEND OF 37.0 CENTS PER SHARE DECLARED, BRINGING TOTAL DIVIDEND FOR YEAR TO 43.8 CENTS PER SHARE.EXPECT PRICE VOLATILITY TO PERSIST IN SHORT TERM.CONSIDER FUNDAMENTALS OF COPPER MARKET WILL REMAIN POSITIVE AND THAT SUPPLY DEFICIT WILL INCREASE DURING YEAR.ON COPPER MARKET, IN 2019 LIKELIHOOD IS DEFICIT WILL INCREASE AS CONSUMPTION GROWTH REMAINS POSITIVE AND PRODUCTION GROWTH CONSTRAINED.AS US/CHINA TRADE NEGOTIATIONS HAVE PROGRESSED DURING FIRST FEW MONTHS OF THIS YEAR COPPER PRICE HAS TRADED FAVOURABLY.  Full Article

Antofagasta Says William Hayes Will Not Offer Himself For Re-Election As Director
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Antofagasta PLC ::ANTOFAGASTA PLC - DIRECTOR CHANGE.ANTOFAGASTA PLC - WILLIAM HAYES, A NON-EXECUTIVE DIRECTOR OF COMPANY SINCE 2006, WILL NOT OFFER HIMSELF FOR RE-ELECTION AS A DIRECTOR.ANTOFAGASTA PLC - HAYES WILL CONTINUE TO SERVE AS A DIRECTOR AND CHAIRMAN OF CO'S JOINT VENTURE WITH BARRICK GOLD, TETHYAN COPPER CO PTY LIMITED.  Full Article

John Wood Awarded Contract For Minera Centinela’s Operations In Chile
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - John Wood Group PLC ::WOOD AWARDED CONTRACT TO SUPPORT THE CENTRALIZATION OF MINERA CENTINELA’S OPERATIONS IN CHILE.AWARDED NEW CONTRACT BY MINERA CENTINELA S.A. TO SUPPORT STUDIES OF CENTRALIZATION OF MONITORING & CONTROL FOR ITS MINING OPERATIONS.  Full Article

Antofagasta Narrows FY Copper Production Guidance, Sees Increases In 2019 Production
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Antofagasta PLC ::ANTOFAGASTA PLC - Q3 2018 PRODUCTION REPORT.ANTOFAGASTA PLC - GUIDANCE NARROWED.ANTOFAGASTA PLC - COPPER PRODUCTION GUIDANCE FOR FULL YEAR HAS BEEN NARROWED TO 705-725,000 TONNES.ANTOFAGASTA PLC - NET CASH COST GUIDANCE FOR FULL YEAR IS UNCHANGED AT $1.35/LB AS UNIT COSTS IMPROVE IN Q4 ON INCREASED PRODUCTION.ANTOFAGASTA - GROUP COPPER PRODUCTION IN Q3 2018 WAS 188,300 TONNES, 15.4% HIGHER COMPARED TO PREVIOUS QUARTER.ANTOFAGASTA PLC - IN 2019 PRODUCTION IS EXPECTED TO INCREASE TO 750-790,000 TONNES OF COPPER WITH HIGHER AVERAGE GRADES.ANTOFAGASTA PLC - TOTAL CAPITAL EXPENDITURE FOR YEAR IS EXPECTED TO BE LESS THAN $1.0 BILLION PREVIOUSLY GUIDED..ANTOFAGASTA PLC - GROUP COPPER PRODUCTION IN Q3 2018 WAS 188,300 TONNES, 15.4% HIGHER COMPARED TO PREVIOUS QUARTER.ANTOFAGASTA PLC - GOLD PRODUCTION DURING QUARTER INCREASED BY 21.2% TO 48,100 OUNCES COMPARED TO PREVIOUS QUARTER.ANTOFAGASTA PLC - MOLYBDENUM PRODUCTION IN QUARTER WAS 4,400 TONNES, 57.1% HIGHER THAN IN Q2.ANTOFAGASTA PLC - CASH COSTS BEFORE BY-PRODUCT CREDITS IN Q3 2018 WERE $1.72/LB, 7.0% LOWER THAN IN Q2 2018.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Sept. 5

Sept 5 Britain's FTSE 100 index is seen opening 26 points higher at 7,337 on Thursday, according to financial bookmakers, with futures up 0.5% ahead of the cash market open.