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    ANTO   GB0000456144

ANTOFAGASTA PLC

(ANTO)
  Report
Delayed Quote. Delayed London Stock Exchange - 12/02 11:35:09 am
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Antofagasta Expects Copper Production to Fall in 2022

10/20/2021 | 12:31am EST

By Jaime Llinares Taboada

Antofagasta PLC on Wednesday forecast lower copper production for 2022, reflecting a lack of rainfall and lower grades at its Centinela Concentrates operation.

The Chilean copper miner guided for production of 660,000-690,000 metric tons for next year. This would be down from the 2021 guidance of 710,000-740,000 tons, which was reiterated on Wednesday.

"Since we last reported, there has been no material rainfall at our operations and as we head into the summer months, we do not expect any rain until the next rainy season, which begins in June next year," Chief Executive Ivan Arriagada said.

Antofagasta said it expects 2021 net cash costs to be below the original guidance of $1.25 a pound.

The company also reported copper production of 181,100 tons for the third quarter, up 1.5% from the second quarter. Year to date, copper output is up 0.2% compared with the first nine months of 2020.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

10-20-21 0231ET

Stocks mentioned in the article
ChangeLast1st jan.
ANTOFAGASTA PLC -1.87% 1388 Delayed Quote.-3.64%
GOLD 0.16% 1771.7 Delayed Quote.-6.11%
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Analyst Recommendations on ANTOFAGASTA PLC
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Financials (USD)
Sales 2021 7 213 M - -
Net income 2021 1 396 M - -
Net cash 2021 515 M - -
P/E ratio 2021 13,1x
Yield 2021 4,84%
Capitalization 18 197 M 18 212 M -
EV / Sales 2021 2,45x
EV / Sales 2022 2,73x
Nbr of Employees 6 728
Free-Float 33,9%
Chart ANTOFAGASTA PLC
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Antofagasta plc Technical Analysis Chart | MarketScreener
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Technical analysis trends ANTOFAGASTA PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 18,46 $
Average target price 19,64 $
Spread / Average Target 6,39%
EPS Revisions
Managers and Directors
Ivßn Arriagada Herrera Group Chief Executive Officer
Mauricio Ortiz Group Chief Financial Officer
Jean-Paul Luksic Fontbona Non-Executive Chairman
Hernßn Menares Vice President-Operations
Vivianne Blanlot Soza Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ANTOFAGASTA PLC-3.64%18 212
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SOCIEDAD MINERA CERRO VERDE S.A.A.55.40%11 202
JIANGXI COPPER COMPANY LIMITED0.49%9 743
KGHM POLSKA MIEDZ S.A.-20.60%7 133