Antofagasta Releases 2016 Production Guidance, Plans to Increase Output

Antofagasta (LSE:ANTO) has released its production guidance for 2016, aiming for an increase in output of 13 to 17 percent relative to 2015.
As quoted in the press release:

This includes the first full year production from Zaldívar (50% owned), full nameplate production from Antucoya from mid-2016 and excludes production from Michilla, which closed in December 2015.
Group gold production for 2016 is expected to be in the range of 245-275,000 ounces, an increase of 14-29% on 2015 and molybdenum production is expected to be 8-9,000 tonnes, 11-21% lower than in 2015.
Group cash costs before by-product credits for 2016 are expected to decline by some 9% to $1.65/lb in 2016 and net cash costs by some 10% to $1.35/lb following further planned cost savings and the expected continued weakness of the Chilean Peso.

Click here for the full press release.