Picture of Antofagasta logo

ANTO Antofagasta News Story

0.000.00%
gb flag iconLast trade - 00:00
Basic MaterialsAdventurousLarge CapHigh Flyer

REG - Antofagasta PLC - Q3 2022 PRODUCTION REPORT

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221019:nRSS3207Da&default-theme=true

RNS Number : 3207D  Antofagasta PLC  19 October 2022

NEWS RELEASE, 19 OCTOBER 2022

Q3 2022 PRODUCTION REPORT

40% QUARTER ON QUARTER PRODUCTION INCREASE

 

Antofagasta plc CEO, Iván Arriagada said: "As we guided last quarter,
production has significantly improved in the third quarter of the year due to
greater water availability at Los Pelambres increasing throughput, the
movement of the concentrates that were temporarily stockpiled in June, and the
higher grades at Centinela Concentrates. Across the Group, copper production
increased by 40%.

"In the first nine months of 2022 we produced 450,600 tonnes of copper at a
net cash cost of $1.76/lb and we remain on track to achieve the lower end of
our full year production guidance of 640-660,000 tonnes.

"Following the lifting of the suspension of the marine construction works at
the Los Pelambres desalination plant project, its completion is now expected
in H1 2023 and Group copper production in 2023 is estimated at between 670,000
and 710,000 tonnes."

 

HIGHLIGHTS

PRODUCTION

·    Group copper production in Q3 2022 was 181,900 tonnes, 40.1% higher
than in the previous quarter with production nearly doubling at Los Pelambres,
on improved water availability, and higher grades at Centinela

·    Group copper production for the first nine months of the year was
450,600 tonnes, 17.0% lower than in the same period last year mainly due to
the temporary reduction in throughput (-23.8%) at Los Pelambres as a result of
the drought and the reduced concentrate pipeline availability in June, and
expected lower grades (-21.7%) at Centinela Concentrates

·    Gold production for the quarter was 46,900 ounces, 32.5% higher than
in the previous quarter mainly due to higher throughput at Los Pelambres and
higher grades at Centinela. The year-to-date production decreased by 35.6% to
120,700 ounces as a result of the expected lower grades at Centinela

·    Molybdenum production in the quarter was 2,600 tonnes, 30.0% higher
than the previous quarter on increased throughput at Los Pelambres. For the
year-to-date, production was 6,600 tonnes, 1,800 tonnes lower than in the same
period last year due to lower throughput and grades at Los Pelambres

CASH COSTS

·    Cash costs before by-product credits in Q3 2022 were $2.12/lb, 28c/lb
lower than in the second quarter reflecting the improved production during the
period

·    Cash costs before by-product credits in the first nine months of the
year were $2.27/lb, 29.7% higher than in the same period last year mainly due
to the temporary decrease in production in H1 and higher input prices during
the period, particularly for diesel and sulphuric acid. Other inflationary
pressures were largely offset by the weaker Chilean peso

·    Net cash costs were $1.66/lb in Q3 2022 and $1.76/lb for the
year-to-date, a 12.6% decrease compared with the previous quarter and 53.0%
higher than the same period last year, respectively. This increase reflects
the increase in cash costs before by-product credits and lower by-product
credits due to lower by-product production

 

 

GROWTH PROJECTS UPDATE

·    As at the end of Q3 the Los Pelambres Desalination Plant and
Expansion projects, including design, procurement and construction, were 88%
complete

·    As previously reported, on 15 August unusually high sea swells
overturned a construction platform working on the marine works of the
desalination plant project and work was temporarily halted pending recovery of
lost equipment and materials. This suspension was lifted on 3 October and as a
result of this and adjusted working conditions for assumed continuing swells,
it is now expected that completion of the desalination plant will be in H1
2023

·    Expected completion of the Los Pelambres concentrator plant expansion
in Q1 2023 remains unchanged, as is the estimated total capital cost of the
Los Pelambres Expansion project

·    Progress continues on the engineering and remaining project studies
for the Centinela Second Concentrator project. In line with our disciplined
approach to capital allocation, the decision on when to submit the project to
the Board for approval during 2023 will consider the completion date of the
Los Pelambres Expansion project as well as ongoing discussions on the tax
reform and mining royalty bills

GUIDANCE

·    Copper production guidance for 2022 is unchanged at the lower end of
the 640-660,000 tonnes range

·    The Cost and Competitiveness Programme is on track to achieve the
targeted savings of over $50 million during the year

·    In 2023 copper production is expected to be between 670,000 and
710,000 tonnes, with completion of the Los Pelambres desalination and
concentrator plants, and lower production at Centinela Cathodes

·    Sustaining and mine development capital expenditure are expected to
average approximately $1 billion per year for the coming years with some
larger projects being advanced such as the expansion of the Los Pelambres
desalination plant and the replacement of its concentrate pipeline.
Development expenditure in 2023 will include the residual expenditure on the
Los Pelambres Expansion project and any expenditure of the Second Concentrator
at Centinela if it is approved during the year. Capital expenditure guidance
will be given in January 2023

SUSTAINABILITY

·    As previously announced, Antucoya has obtained the Copper Mark, for
compliance with this independently verified responsible production standard,
joining Centinela and Zaldívar who received it in 2021. In turn, Los
Pelambres is in the final phase of verification following successfully
completion of the site review

OTHER

·   Zaldívar submitted an Environmental Impact Assessment (EIA) in 2018
which included an application to extend its water extraction permit from 2025
to 2029 (with decreasing extraction levels in 2030-2031) together with the
extension of the permit to mine, which expires in 2024. This application is
still pending approval.

During the period, the company (as well as other named defendants) submitted a
response contradicting the allegations made by the Consejo de Defensa del
Estado (CDE), an independent governmental agency tasked with the defence of
the interests of the State of Chile before the courts, who previously filed a
claim against Minera Escondida, Albemarle and Zaldívar, alleging that their
extraction of water from the Monturaqui-Negrillar-Tilopozo aquifer over the
years has impacted the underground water level. Since the EIA remains
unresolved and the litigation by the CDE is outstanding the company has been
in discussions with the local environmental authority and is planning to
submit a DIA((1)), a limited scope and less detailed procedure than an EIA,
requesting that the permit to mine be extended to 2025 in line with current
water permit to achieve continuity while the water extraction permit is under
review

·   On 4 September the proposed new Chilean constitution was rejected in a
national referendum. Congress is now considering how to proceed, but is
expected to propose an alternative plan for drafting a new constitution for
the country

·   The Government presented a draft mining royalty bill to Congress in
July. Following representations from the mining industry, academics, trade
unions and other interested parties, the bill is expected to be simplified.
 The bill will then be debated in the Senate before being passed to the lower
house for its consideration, which is expected to be before the end of the
year

·   Labour agreements were successfully concluded during the period with
the supervisors' union at Zaldívar, and in October with the supervisors'
union at Los Pelambres and the workers' union at Antucoya. Together with the
earlier agreement with the supervisors' union at Antucoya, this completes the
labour negotiations scheduled for 2022

 GROUP PRODUCTION AND CASH COSTS                               Year to Date          Q3     Q2
                                                               2022   2021   %       2022   2022   %
 Copper production                           kt                450.6  542.6  (17.0)  181.9  129.8  40.1
 Copper sales                                kt                441.0  528.4  (16.5)  178.0  147.1  21.0
 Gold production                             koz               120.7  187.3  (35.6)  46.9   35.4   32.5
 Molybdenum production                       kt                6.6    8.4    (21.4)  2.6    2.0    30.0
 Cash costs before by-product credits ((2))  $/lb              2.27   1.75   29.7    2.12   2.40   (11.7)
 Net cash costs ((2))                        $/lb              1.76   1.15   53.0    1.66   1.90   (12.6)

 

(1) Declaración de Impacto Ambiental (Environmental Impact Declaration)

(2) Cash cost is a non-GAAP measure used by the mining industry to express the
cost of production in US dollars per pound of copper produced.

There will be a Q&A video conference call today at 1:00pm BST hosted by
Iván Arriagada - Chief Executive Officer and Mauricio Ortiz - Chief Financial
Officer. Participants can join the conference call here
(https://www.antofagasta.co.uk/investors/news/2022/antofagasta-q3-2022-production-report-qa-video-conference-details/)
.

 

 Investors - London                                                                  Media - London
 Andrew Lindsay      alindsay@antofagasta.co.uk (mailto:alindsay@antofagasta.co.uk)  Carole Cable      antofagasta@brunswickgroup.com (mailto:antofagasta@brunswickgroup.com)
 Telephone           +44 20 7808 0988                                                Telephone         +44 20 7404 5959
 Rosario Orchard     rorchard@antofagasta.co.uk (mailto:rorchard@antofagasta.co.uk)
 Telephone           +44 20 7808 0988                                                Media - Santiago
                                                                                     Pablo Orozco      porozco@aminerals.cl (mailto:porozco@aminerals.cl)
                                                                                     Carolina Pica     cpica@aminerals.cl (mailto:cpica@aminerals.cl)
                                                                                     Telephone         +56 2 2798 7000

 

 

Register on our website to receive our email alerts
http://www.antofagasta.co.uk/investors/email-alerts/
(https://www.antofagasta.co.uk/investors/news/email-alerts/)

   Twitter (https://twitter.com/AntofagastaPLC)    LinkedIn (https://www.linkedin.com/company/antofagasta-plc)

 

MINING OPERATIONS

Los Pelambres

In the first nine months of 2022, copper production at Los Pelambres was
186,200 tonnes, 25.6% lower than in the same period last year. This decrease
includes the impact of the reduced availability of the concentrate pipeline in
June, but was mainly driven by the expected reduced throughput, which was down
23.8% compared with the prior year due to the lack of water due to the water
scarcity in H1. The precipitation in recent months has allowed for a
progressive increase in throughput.

As throughput increased by 46.0% during the quarter, copper production nearly
doubled to 87,800 tonnes; including approximately 10,000 tonnes from copper in
concentrates stockpiled at the plant in June.

Molybdenum production was 2,100 tonnes in Q3 2022, 700 tonnes higher than in
the previous quarter. Production for the year-to-date decreased to 4,800
tonnes from 7,500 tonnes in the same period in 2021, due to lower throughput
and grades.

Gold production for the first nine months of 2022 was 29,300 ounces, 12,100
ounces lower than in the same period last year due to expected lower
throughput and grades.

Cash costs before by-product credits in Q3 were $1.75/lb, 15.0% lower than in
previous quarter mainly due to higher production, and for the first nine
months of 2022 were $1.89/lb, 22.7% higher than the same period last year.
This increase was due to the lower copper production, higher input prices
(mainly diesel and explosives) and general inflation, partially offset by the
weaker Chilean peso.

Net cash costs in Q3 2022 of $1.19/lb decreased by 18c/lb compared to Q2 2022
reflecting the lower cash costs before by-product credits, partially offset by
lower by-product credits. For the year to date, net cash cost increased by
53.7% to $1.26/lb due to the higher cash costs before by-product credits and
lower by-product credits.

As at the end of Q3 the Los Pelambres Expansion project was 88% complete, and
completion of the desalination plant is expected in H1 2023 and the
concentrator expansion in Q1 2023.

The labour agreement with the supervisors' union was successfully concluded
this month.

 LOS PELAMBRES                                        Year to Date          Q3     Q2
                                                      2022   2021   %       2022   2022   %
 Daily ore throughput                        kt       123.4  161.9  (23.8)  160.7  110.1  46.0
 Copper grade                                %        0.64   0.65   (1.5)   0.61   0.64   (4.7)
 Copper recovery                             %        89.7   89.9   (0.2)   88.4   89.3   (1.0)
 Copper production                           kt       186.2  250.4  (25.6)  87.8   44.3   98.2
 Copper sales                                kt       176.6  234.7  (24.8)  80.4   54.4   47.8
 Molybdenum grade                            %        0.017  0.020  (15.0)  0.016  0.018  (11.1)
 Molybdenum recovery                         %        84.9   84.4   0.6     84.8   83.9   1.1
 Molybdenum production                       kt       4.8    7.5    (36.0)  2.1    1.4    50.0
 Molybdenum sales                            kt       4.5    7.0    (35.7)  1.8    1.5    20.0
 Gold grade                                  g/t      0.042  0.045  (6.7)   0.040  0.042  (4.8)
 Gold recovery                               %        70.5   71.0   (0.7)   67.2   72.4   (7.2)
 Gold production                             koz      29.3   41.4   (29.2)  13.9   6.8    104.4
 Gold sales                                  koz      28.0   36.9   (24.1)  12.8   8.8    45.5
 Cash costs before by-product credits ((1))  $/lb     1.89   1.54   22.7    1.75   2.06   (15.0)
 Net cash costs ((1))                        $/lb     1.26   0.82   53.7    1.19   1.37   (13.1)

(1) Includes tolling charges of $0.17/lb in Q3 2022, $0.18/lb in Q2 2022,
$0.17/lb YTD 2022 and $0.16/lb YTD 2021

 

Centinela

Centinela produced 62,500 tonnes of copper during the quarter, 12.4% higher
than in the previous quarter on higher copper grades, slightly offset by lower
throughput. Production for the year-to-date was 173,800 tonnes, 14.3% lower
than in the same period last year, due to expected lower ore grades at
Centinela Concentrates.

Production of copper in concentrate was 37,600 tonnes in Q3 2022, 12.9% higher
than in the previous quarter on higher grades, partially offset by lower
throughput due to a major maintenance completed during the quarter. For the
first nine months of the year, copper in concentrate production was 103,800
tonnes, 24.8% lower than in the same period last year, mainly due to expected
lower copper grades which were 0.47% compared to 0.60%.

Copper cathode production during the quarter was 24,900 tonnes, 12.2% higher
than in Q2 2022 primarily as grades increased by 17.7%. For the year-to-date,
copper cathode production was 70,000 tonnes, 8.0% higher than in the same
period last year primarily due to expected higher grades.

Gold production was 33,000 ounces in the quarter, 15.4% higher than the
previous quarter on higher grades, and for the first nine months was 91,300
ounces, 37.4% lower than the same period last year as grades, which are
correlated to copper grades, and recoveries decreased.

Cash costs before by-product credits were $2.47/lb, 7.1% lower than in the
previous quarter. Cash costs before by-product credits for the first nine
months of the year were $2.60/lb, 42.9% higher than the same period in 2021
primarily due to lower copper production and higher input costs, particularly
for diesel, sulphuric acid and explosives. Other inflationary pressures were
largely offset by the weaker Chilean peso.

By-product credits in Q3 were $0.55/lb compared with $0.63/lb in Q2. For the
first nine months, by-product credits decreased from $0.72/lb in 2021 to
$0.64/lb in 2022 due to lower gold production.

Net cash costs in Q3 2022 were $1.92/lb, 5.4% lower than the previous quarter.
During the first nine months of the year net cash costs were $1.96/lb, 86c/lb
higher than in the same period in 2021 reflecting the increase in cash costs
before by-product credits and the slightly lower by-product credits.

 

 CENTINELA                                          Year to Date          Q3     Q2
                                                    2022   2021   %       2022   2022   %
 CONCENTRATES
 Daily ore throughput                        kt     106.5  103.2  3.2     105.1  110.6  (5.0)
 Copper grade                                %      0.47   0.60   (21.7)  0.52   0.45   15.6
 Copper recovery                             %      79.9   84.8   (5.8)   79.7   78.8   1.1
 Copper production                           kt     103.8  138.0  (24.8)  37.6   33.3   12.9
 Copper sales                                kt     103.5  137.1  (24.5)  39.0   42.0   (7.1)
 Molybdenum grade                            %      0.013  0.009  44.4    0.012  0.013  (7.7)
 Molybdenum recovery                         %      59.9   48.5   23.5    58.1   61.7   (5.8)
 Molybdenum production                       kt     1.7    0.9    88.9    0.5    0.6    (16.7)
 Molybdenum sales                            kt     1.8    0.9    100.0   0.7    0.7    0.0
 Gold grade                                  g/t    0.16   0.24   (33.3)  0.17   0.15   13.3
 Gold recovery                               %      64.8   71.2   (9.0)   64.0   64.0   0.0
 Gold production                             koz    91.3   145.9  (37.4)  33.0   28.6   15.4
 Gold sales                                  koz    92.5   139.4  (33.6)  34.1   36.1   (5.5)
 CATHODES
 Daily ore throughput                        kt     55.9   57.8   (3.3)   55.0   57.3   (4.0)
 Copper grade                                %      0.67   0.61   9.8     0.73   0.62   17.7
 Copper recovery                             %      65.4   65.0   0.6     64.0   64.5   (0.8)
 Copper production - heap leach              kt     67.2   62.0   8.4     23.8   21.3   11.7
 Copper production - total ((1))             kt     70.0   64.8   8.0     24.9   22.2   12.2
 Copper sales                                kt     69.2   63.6   8.8     26.7   20.0   33.5
 Total copper production                     kt     173.8  202.8  (14.3)  62.5   55.6   12.4
 Cash costs before by-product credits ((2))  $/lb   2.60   1.82   42.9    2.47   2.66   (7.1)
 Net cash costs ((2))                        $/lb   1.96   1.10   78.2    1.92   2.03   (5.4)

(1) Includes production from ROM material

(2) Includes tolling charges of $0.15/lb in Q3 2022, $0.14/lb in Q2 2022,
$0.14/lb YTD 2022 and $0.11/lb YTD 2021

 

Antucoya

Total copper production at Antucoya during the quarter was 21,000 tonnes,
11.1% higher than in the previous quarter reflecting higher grades, slightly
offset by lower throughput due to major scheduled maintenance. Production in
the first nine months of 2022 was 57,400 tonnes was very similar to the same
period last year.

During the quarter, cash costs were $2.40/lb compared to $2.59/lb in Q2. For
the year-to-date, cash costs were $2.47/lb, 20.5% higher than the same period
last year due to increased input costs, particularly for sulphuric acid,
diesel and explosives. Other inflationary pressures were largely offset by the
weaker Chilean peso.

The labour agreement with the workers' union was successfully concluded this
month.

 ANTUCOYA                     Year to Date         Q3    Q2
                              2022   2021   %      2022  2022  %
 Daily ore throughput  kt     88.1   83.6   5.4    89.8  92.1  (2.5)
 Copper grade          %      0.33   0.34   (2.9)  0.36  0.32  12.5
 Copper recovery       %      69.1   68.3   1.2    69.4  68.6  1.2
 Copper production     kt     57.4   57.7   (0.5)  21.0  18.9  11.1
 Copper sales          kt     58.2   60.5   (3.8)  21.1  19.7  7.1
 Cash costs            $/lb   2.47   2.05   20.5   2.40  2.59  (7.3)

 

Zaldívar

Copper production for the quarter was 10,600 tonnes, 3.6% lower than in the
previous quarter due to lower grades and recoveries, partially offset by
higher throughput. Production for the year-to-date was 33,100 tonnes, 4.7%
higher than the same period last year due to higher grades, partially offset
by lower throughput.

Cash costs during the quarter were $2.55/lb, $0.37/lb higher than Q2 2022
primarily due to lower production, higher sulphuric acid consumption and the
payment of a one-off signing bonus following the successful completion of a
new 3-year labour agreement.

Cash costs for the first nine months of the year were $2.27/lb, compared with
$2.42/lb in the same period in 2021, mainly due to higher production partially
offset by higher input prices.

 ZALDÍVAR                                     Year to Date         Q3    Q2
                                              2022   2021   %      2022  2022  %
 Daily ore throughput                  kt     40.9   42.9   (4.7)  44.3  39.0  13.6
 Copper grade                          %      0.80   0.73   9.6    0.77  0.78  (1.3)
 Copper recovery ((1))                 %      52.3   52.8   (0.9)  49.7  54.2  (8.3)
 Copper production - heap leach ((2))  kt     23.6   23.0   2.6    7.8   7.6   2.6
 Copper production - total ((2,3))     kt     33.1   31.6   4.7    10.6  11.0  (3.6)
 Copper sales ((2))                    kt     33.5   32.7   2.4    10.8  11.1  (2.7)
 Cash costs                            $/lb   2.27   2.42   (6.2)  2.55  2.18  17.0

(1) Metallurgical recoveries during the period. Prior periods have been
restated

(2) Group's 50% share

(3) Includes production from secondary leaching

 

Transport Division

Total transport volumes in Q3 2022 were 1.7 million tonnes, 6.5% lower than
the previous quarter, mainly due to customers' maintenance and lower demand
for transport services.

For the first nine months of the year, transport volumes increased by 7.2%
compared to the same period in 2021 as new rail transport contracts have
ramped up during the period.

 TRANSPORT                         Year to Date         Q3     Q2
                                   2022   2021   %      2022   2022   %
 Rail                       kt     4,018  3,883  3.5    1,310  1,398  (6.3)
 Road                       kt     1,279  1,059  20.8   418    451    (7.3)
 Total tonnage transported  kt     5,297  4,942  7.2    1,728  1,849  (6.5)

 

Commodity prices and exchange rates

                        Year to Date          Q3     Q2
                        2022   2021   %       2022   2022   %
 Copper
 Market price    $/lb   4.12   4.17   (1.2)   3.51   4.32   (18.8)
 Realised price  $/lb   3.78   4.27   (11.5)  3.28   3.42   (4.1)
 Gold
 Market price    $/oz   1,825  1,801  1.3     1,730  1,873  (7.6)
 Realised price  $/oz   1,795  1,778  1.0     1,633  1,821  (10.3)
 Molybdenum
 Market price    $/lb   17.8   14.9   19.5    16.1   18.4   (12.5)
 Realised price  $/lb   17.2   17.2   0.0     16.0   16.4   (2.4)
 Exchange rates
 Chilean peso    per $  859    738    16.4    927    843    10.0

 

Spot commodity prices for copper, gold and molybdenum as at 30 September 2022
were $3.47/lb, $1,672/oz and $18.3/lb respectively, compared with $3.74/lb,
$1,815/oz and $17.1/lb as at 30 June 2022 and $4.40/lb, $1,820/oz and $18.7/lb
as at 31 December 2021.

The provisional pricing adjustments for copper, gold and molybdenum for the
quarter were negative $97.5 million, negative $3.2 million and positive $0.5
million respectively.

The provisional pricing adjustments for copper, gold and molybdenum for the
year to date were negative $304.4 million, positive $0.5 million and negative
$12.7 million respectively.

 

 

_____________________________________________________________________________________________

Cautionary Statement

This announcement contains certain forward-looking statements. All statements
other than historical facts are forward-looking statements. Examples of
forward-looking statements include, without limitation, those regarding the
Group's strategy, plans, objectives or future operating or financial
performance, reserve and resource estimates, commodity demand and trends in
commodity prices, growth opportunities, and any assumptions underlying or
relating to any of the foregoing. Words such as "intend", "aim", "project",
"anticipate", "estimate", "plan", "believe", "expect", "may", "should",
"will", "continue" and similar expressions identify forward-looking
statements.

 

Forward-looking statements involve known and unknown risks, uncertainties,
assumptions and other factors that are beyond the Group's control. Given these
risks, uncertainties and assumptions, actual results, performance or
achievements could differ materially from any future results, performance or
achievements expressed or implied by these forward-looking statements, which
apply only as at the date of this report. These forward-looking statements are
based on numerous assumptions regarding the Group's present and future
business strategies and the environment in which the Group will operate in the
future. Important factors that could cause actual results, performance or
achievements to differ from those in the forward-looking statements include,
but are not limited to: natural events, global economic and financial
conditions (which may affect our business, results of operations or financial
condition); various political, economic, legal, regulatory, social and other
risks and uncertainties across jurisdictions in which the Group operates;
changes to mining concessions or the imposition of new mining royalties, or
changes to existing mining royalties in the jurisdictions in which the Group
operates; the Group's ability to comply with the extensive body of regulations
governing the mining industry, as well as the need to manage relationships
with local communities; the ongoing effects of the global COVID-19 pandemic;
demand, supply and prices for copper and other long-term commodity price
assumptions (as they materially affect the timing and feasibility of future
projects and developments); trends in the copper mining industry and
conditions of the international copper markets; the effect of currency
exchange rates on commodity prices and operating costs; the availability and
costs associated with mining inputs and labour; operating or technical
difficulties in connection with mining or development activities;  risks,
hazards and/or events and conditions inherent to the mining industry, which
may affect our operations or facilities; employee relations; climate change as
well as the effects of extreme weather conditions; the outcome of any
litigation arbitration, regulatory or administrative proceedings to which the
Group is and may be subject in the future; and actions and activities of
governmental authorities, including changes to laws, regulations or taxation.

 

Except as required by applicable law, rule or regulation, the Group does not
undertake any obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Past performance cannot be relied on as a guide to future
performance.

 

No statement in this announcement is intended as a profit forecast or estimate
for any period. No statement in this announcement should be interpreted to
indicate a particular level of profit and, as a consequence, it should not be
possible to derive a profit figure for any future period from this report.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DRLMPBFTMTJBBJT

Recent news on Antofagasta

See all news