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Antofagasta ( (GB:ANTO) ) has shared an update.
Antofagasta PLC reported a strong financial performance for 2024, with revenue increasing by 5% to $6.6 billion, driven by higher copper prices. The company achieved an 11% rise in EBITDA to $3.4 billion and widened its EBITDA margin to 52% due to robust cost control and efficiency improvements. The proposed final dividend reflects confidence in the business’s future, aligning with a 50% payout of underlying earnings. The Competitiveness Programme exceeded its target by achieving $248 million in savings, highlighting operational efficiencies. Additionally, the Ore Reserve estimate at Centinela increased significantly, and the company’s guidance for 2025 remains optimistic, with planned capital expenditure of $3.9 billion to advance growth projects.
More about Antofagasta
Antofagasta PLC is a major player in the mining industry, primarily focusing on the production of copper. The company is known for its role in energy security and electrification, maintaining industry-leading levels of responsible copper supply growth. It operates with a strong balance sheet, enabling investments in profitable growth and maintaining a balanced approach to capital allocation and shareholder returns.
YTD Price Performance: 15.50%
Average Trading Volume: 966,892
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £18.11B
See more data about ANTO stock on TipRanks’ Stock Analysis page.
