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Antofagasta Reports Strong 2024 Financial Results with Increased EBITDA and Dividend Proposal

Story Highlights
  • Antofagasta’s EBITDA increased by 11% in 2024 due to strong revenue and cost management.
  • The company proposed a final dividend of 23.5 cents per share, reflecting confidence in future growth.
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Antofagasta Reports Strong 2024 Financial Results with Increased EBITDA and Dividend Proposal

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An update from Antofagasta ( (GB:ANTO) ) is now available.

For the year ended December 31, 2024, Antofagasta reported a significant increase in EBITDA by 11%, reaching $3.4 billion, driven by stronger revenues and effective cost management. The company maintained a strong financial position with a cash flow from operations rising by 8% and proposed a final dividend of 23.5 cents per share. The company’s strategic focus on sustainable copper supply and investments in growth projects remains robust, as reflected in their increased Ore Reserve estimate at Centinela and continued development at Los Pelambres and Centinela, positioning them well in the market.

More about Antofagasta

Antofagasta plc is a leading pure-play copper producer engaged in the mining industry, primarily focused on the production and supply of copper, a critical element for energy security and electrification.

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.

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