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Antofagasta’s Quarterly Copper Results Smash Records
Antofagasta has released its quarterly results for Q4 2018, reporting record copper production of 220,000 tonnes.
Antofagasta (LSE:ANTO) has released its quarterly results for Q4 2018, reporting copper production of 220,000 tonnes and record yearly production of 725,300 tonnes.
As highlighted in the press release:
Group copper production in Q4 2018 was 220,000 tonnes, 16.8 percent higher compared to the previous quarter as a result of higher production at all of our operations, particularly at Centinela Concentrates which increased production by 68.3 percent.
Group copper production for the full year of 725,300 tonnes was at the top end of revised guidance and set a record year for the Company with a 3.0 percent increase compared with 2017 due to higher production at Los Pelambres and Centinela.
Throughput at Centinela Concentrates in Q4 was 6 percent above design capacity at 111,100 tonnes per day.
Iván Arriagada, CEO, commented:
“Our priorities for the year ahead are to continue to strengthen our safety performance and our operational reliability and efficiency, while also starting the construction of the Los Pelambres expansion, which was approved by the board at the end of last year.”