Antofagasta rises on lower Q1 costs, improving production outlook

Antofagasta

15/04/2026 08:45

** Shares of Antofagasta ANTO.L up  2.6% at 3,977 p, among top gainers on FTSE 100 .FTSE, which is up 0.15 %

** Co says copper production expected to rise quarter-on-quarter through 2026, supported by higher ore processing rates and improving grades at Los Pelambres

     ** Q1 net cash costs of $1.08/lb beat prior year's  $1.54/lb on stronger gold and molybdenum by-product credits

** Deutsche Bank raises target price to 3,100p from 2,900p

** Stock has gained about 20% YTD

(Reporting by Judes Joseph in Bengaluru)

((judes.joseph@thomsonreuters.com;))