Antofagasta ( (GB:ANTO) ) has provided an update.
Antofagasta PLC reported a 12% increase in copper production for Q4 2024, totaling 200,300 tonnes, and a full-year output of 664,000 tonnes, reflecting strategic advancements in operations like Centinela and Los Pelambres. The company plans to maintain competitiveness and growth through planned investments of $3.9 billion in 2025, focusing on major development projects while forecasting a steady production range and reduced cash costs, indicating strong potential for future industry leadership.
More about Antofagasta
Antofagasta PLC is a Chilean-based company primarily engaged in the copper mining industry. It focuses on the exploration, extraction, and production of copper and by-products such as gold and molybdenum, positioning itself to meet growing global demand driven by the energy transition.
YTD Price Performance: 6.23%
Average Trading Volume: 1,027,176
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £16.65B
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