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Antofagasta PLC (ANTO.L)

ANTO.L on London Stock Exchange

977.40GBp
24 Apr 2018
Change (% chg)

21.40 (+2.24%)
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956.00
Open
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977.40
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Volume
3,091,473
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2,781,753
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1,071.50
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744.41

Latest Key Developments (Source: Significant Developments)

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

Miner Antofagasta says Q3 copper production up 3.3 pct
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Antofagasta Plc ::‍GROUP COPPER PRODUCTION IN Q3 2017 WAS 180,200 TONNES, 3.3% HIGHER​.‍GOLD PRODUCTION DURING QUARTER INCREASED BY 1.2% TO 59,600 OUNCES​.ANTOFAGASTA PLC - ‍NOW EXPECT OUR NET CASH COSTS TO BE BELOW OUR ORIGINAL GUIDANCE FOR FULL YEAR OF $1.30/LB.​.ANTOFAGASTA - ‍COPPER PRODUCTION GUIDANCE FOR 2017 REMAINS UNCHANGED AT 685-720,000 TONNES, AND PRODUCTION IS EXPECTED TO INCREASE TO 705-740,000 TONNES IN 2018​.ANTOFAGASTA PLC - ‍IN 2018 PLAN TO INCREASE PRODUCTION TO 705-740,000 TONNES OF COPPER AS ENCUENTRO OXIDES RAMPS-UP TO FULL PRODUCTION​.‍CASH COSTS BEFORE BY-PRODUCT CREDITS GUIDANCE FOR FULL YEAR IS UNCHANGED AT $1.55/LB​.‍TOTAL CAPITAL EXPENDITURE FOR YEAR IS EXPECTED TO BE APPROXIMATELY $900 MILLION​.‍LABOUR NEGOTIATIONS HAVE COMMENCED AT LOS PELAMBRES AND ARE EXPECTED TO BE CONCLUDED BEFORE DEADLINE IN FEBRUARY 2018​.ANTOFAGASTA - ‍FY NET CASH COSTS ARE NOW EXPECTED TO BE LOWER THAN $1.30/LB GUIDED AT BEGINNING OF YEAR REFLECTING STRONGER THAN EXPECTED BY-PRODUCT REVENUE​.  Full Article

Antofagasta H1 profit rises
Tuesday, 16 Aug 2016 

Antofagasta Plc : Half yearly financial report . H1 revenue fell 18.5 pct to $1.45 bln . H1 pretax profit $276.1 mln . H1 EBITDA increased 2.3 pct to $571.6 mln . H1 capital expenditure of $385.4 mln, $276.9 mln lower than in first half of 2015 . Interim dividend of 3.1 cents per share . H1 revenue 18.5 pct lower at $1.45 bln, on lower copper prices and sales volumes, and closure of Michilla at end of 2015 . H1 EBITDA margin (2) strengthened to 39.5 pct, up from 31.5 pct in same period last year . Group copper production for year is expected to be at lower end of 710-740,000 tonnes guided in January . Production for year is weighted to second half of year . We are cautious in our outlook and remain conservative in our approach to managing capital . Full year expenditure expected to be lower than original guidance . Group net debt of $1.04 bln, almost unchanged since end of 2015 .FY expectations: unit costs $0.05/lb lower with cash costs before by-product credits of $1.60/lb and net cash costs of $1.30/lb.  Full Article

Antofagasta sees FY copper production at lower-end of forecast
Wednesday, 27 Jul 2016 

Antofagasta Plc : Q2 2016 production report . Copper production in q2 2016 was 166,200 tonnes, a 5.8% increase on q1 2016 . Molybdenum production at los pelambres was 1,600 tonnes in q2 2016, compared to 1,700 tonnes in q1 2016 . Cash costs before by-product credits in q2 2016 were $1.57/lb, 3.7% lower than in q1 2016 . Net cash costs were $1.25/lb in q2 2016, a 2.3% decrease compared with previous quarter . Sees production for year weighted to second half . Group copper production for first six months of year was 323,300 tonnes, 6.6% higher than in same period last year . Gold production was 52,800 ounces in q2 2016, a 6.9% decrease on q1 2016 largely due to lower production at centinela . Cash costs before by-product credits for first six months of year were $1.60/lb, $0.28/lb lower than same period last year . Group copper production for full year is expected to be at lower end of 710-740,000 tonnes guided in january . Revised estimation of deferred stripping costs at los pelambres in 2016 .Changes introduced in estimation method impacted los pelambres accounting for $0.08/lb of reduction in costs for group for h1 versus year ago.  Full Article

Antofagasta chairman sees another year or two of low copper prices
Wednesday, 18 May 2016 

Antofagasta Plc : No doubt that 2015 was a difficult year -chairman . During 2016 we aim to reduce our costs by a further $160 million, or 6 pct of last year's gross cash costs - chairman .Are expecting another year or two of low copper prices - chairman.  Full Article

Ex-divs to take 7.4 points off FTSE 100 on April 26

LONDON, April 24 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 7.44 points off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence) Antofagasta