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Antofagasta PLC (ANTO.L)

ANTO.L on London Stock Exchange

941.60GBp
26 Mar 2019
Change (% chg)

3.40 (+0.36%)
Prev Close
938.20
Open
923.20
Day's High
950.00
Day's Low
923.20
Volume
1,506,288
Avg. Vol
2,288,356
52-wk High
1,171.50
52-wk Low
713.20

Latest Key Developments (Source: Significant Developments)

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

Antofagasta Says Unit Sells 29.25 Pct Stake In El Arrayan Wind Farm For $28 Mln
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Antofagasta PLC ::SALE OF EL ARRAYAN WIND FARM.SUBSIDIARY ANTOFAGASTA MINERALS ANNOUNCED SALE OF ITS 29.25% STAKE IN PARQUE EOLICO EL ARRAYAN WIND FARM FOR $28 MILLION.UNIT ANTOFAGASTA MINERALS ANNOUNCED SALE OF ITS 29.25% STAKE IN PARQUE EOLICO EL ARRAYAN WIND FARM, FOR $28 MILLION.  Full Article

Antofagasta Says Group Copper Production In Q2 Increased By 6.1 Pct
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Antofagasta PLC ::ANTOFAGASTA PLC - Q2 2018 PRODUCTION REPORT.ANTOFAGASTA PLC - GROUP COPPER PRODUCTION IN Q2 2018 INCREASED BY 6.1%.ANTOFAGASTA PLC - GROUP COPPER PRODUCTION FOR FIRST SIX MONTHS OF YEAR WAS 317,000 TONNES, 8.5% LOWER.ANTOFAGASTA PLC - GOLD PRODUCTION DURING QUARTER INCREASED BY 22.9% TO 39,700 OUNCES.ANTOFAGASTA PLC - MOLYBDENUM PRODUCTION IN QUARTER WAS 2,800 TONNES AND FOR YEAR TO DATE WAS 31.1% HIGHER THAN IN SAME PERIOD LAST YEAR.ANTOFAGASTA PLC - CASH COSTS BEFORE BY-PRODUCT CREDITS IN Q2 2018 WERE $1.85/LB, 7.5% LOWER THAN IN Q1 2018.ANTOFAGASTA PLC - NET CASH COSTS WERE $1.50/LB IN Q2 2018, A 2.6% DECREASE COMPARED WITH PREVIOUS QUARTER.ANTOFAGASTA PLC - COPPER PRODUCTION FOR 2018 IS EXPECTED TO BE BETWEEN 705,000 AND 740,000 TONNES, UNCHANGED FROM BEGINNING OF YEAR.ANTOFAGASTA PLC - COST GUIDANCE FOR FULL YEAR IS UNCHANGED WITH NET CASH COSTS OF $1.35/LB, ASSUMING EXCHANGE RATE REMAINS AT CURRENT LEVELS.  Full Article

Antofagasta Unit Sells Electricity Transmission Lines For $117 Mln
Friday, 13 Jul 2018 

July 13 (Reuters) - Antofagasta PLC ::SALE OF ELECTRICITY TRANSMISSION LINES.DEAL FOR $117 MILLION.UNIT MINERAL CENTINELA ANNOUNCED SALE OF CENTINELA TRANSMISIÓN, THE COMPANY THAT HOLDS ITS ELECTRICITY TRANSMISSION LINES.  Full Article

Antofagasta says its Tim Baker has been appointed as a director of Alio Gold Inc
Thursday, 31 May 2018 

May 31 (Reuters) - Alio Gold Inc ::ANTOFAGASTA PLC - TIM BAKER, NON-EXECUTIVE DIRECTOR OF COMPANY, APPOINTED DIRECTOR OF ALIO GOLD INC WITH EFFECT FROM 25 MAY 2018.  Full Article

Antofagasta Says Copper Production In Q1 2018 Decreased By 10.5 Pct
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Antofagasta PLC ::CASH COSTS BEFORE BY-PRODUCT CREDITS IN QUARTER INCREASED TO $2.00/LB FROM $1.59 /LB IN SAME PERIOD OF LAST YEAR.COPPER PRODUCTION IN Q1 2018 DECREASED BY 10.5% TO 153,800 TONNES.GUIDANCE FOR YEAR IS UNCHANGED.GOLD PRODUCTION WAS 32,300 OUNCES IN Q1 2018, 39.4% LOWER THAN IN Q1 2017.Q1 MOLYBDENUM PRODUCTION INCREASED BY 40.9% COMPARED TO SAME PERIOD IN 2017.NET CASH COSTS WERE $1.54/LB IN Q1 2018, COMPARED TO $1.27 /LB IN Q1 2017 AND $1.36 /LB IN PREVIOUS QUARTER.DURING QUARTER, WE HAVE ALSO SUCCESSFULLY CONCLUDED LABOUR NEGOTIATIONS AT LOS PELAMBRES.  Full Article

Antofagasta Says FY Pretax Profit Rises To $1.831 Bln
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Antofagasta Plc ::FY REVENUE ROSE 31.1 PERCENT TO 4.749 BILLION USD.FY PRETAX PROFIT ROSE 543.3 PERCENT TO 1.831 BILLION USD.FINAL DIVIDEND UP 119 PERCENT TO 0.406 USDPER SHARE.TOTAL DIVIDEND UP 177 PERCENT TO 0.509 USDPER SHARE.‍EBITDA FOR FULL YEAR WAS $2,586.6 MILLION, 59.1% HIGHER THAN PREVIOUS YEAR​.FY GROUP REVENUE $‍4,749.4​ MILLION VERSUS $3,621.7 MILLION AS REPORTED A YEAR AGO.‍FY CAPITAL EXPENDITURE INCREASED TO $899.0 MILLION AS PLANNED, $103.9 MILLION HIGHER THAN IN 2016​.FY UNDERLYING EPS FROM CONTINUING OPERATIONS OF ‍76.1​ CENTS.PRODUCTION IN 2018 IS EXPECTED TO BE 705-740,000 TONNES OF COPPER, 190-210,000 OUNCES OF GOLD AND 11,500-12,500 TONNES OF MOLYBDENUM​.‍GROUP CASH COSTS IN 2018 BEFORE AND AFTER BY-PRODUCT CREDITS ARE EXPECTED TO BE $1.65/LB AND $1.35/LB RESPECTIVELY​.‍COST SAVINGS OF $100 MILLION TARGETED UNDER COST AND COMPETITIVENESS PROGRAMME WHICH HAVE BEEN INCLUDED IN UNIT COST GUIDANCE FIGURES​.‍LABOUR NEGOTIATIONS AT LOS PELAMBRES, CENTINELA AND ZALDÍVAR SUCCESSFULLY COMPLETED.​.‍LAST OF GROUP'S NEGOTIATIONS FOR YEAR, AT LOS PELAMBRES, IS CURRENTLY IN MEDIATION UNION MEMBERS HAVING REJECTED LAST OFFER FROM CO ON MARCH 9​.‍COPPER MARKET IS EXPECTED TO TIGHTEN IN SECOND HALF OF YEAR AND TO BE IN BALANCE OR IN A SLIGHT DEFICIT FOR FULL YEAR​.‍FROM 2019 LIKELIHOOD OF COPPER MARKET BEING IN DEFICIT IS EXPECTED TO INCREASE​.‍THERE ARE AN UNUSUALLY LARGE NUMBER OF LABOUR NEGOTIATIONS TAKING PLACE IN CHILE AND PERU DURING 2018​.  Full Article

METALS-Shanghai copper hits over 1-mth low on U.S. recession fears

(Updates prices; recasts throughout) By Tom Daly and Mai Nguyen BEIJING/SINGAPORE, March 25 Base metals fell on Monday, with Shanghai copper plunging to its lowest since February, due to worries about the prospect of a recession in the United States, the world's biggest economy. U.S. Treasury 10-year note yields dropped on Friday below three-month Treasury bill yields for the first time since 2007 after disappointing U.S. manufacturing data. A yield curve inversion is se