Antofagasta reports Q3 copper production increase and updates 2027 guidance
Group copper output rose 7% to 151,900 tonnes. The company announced a 2027 production target of 630,000–690,000 tonnes and raised FY26 cash cost estimates.
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Chilean copper mining and rail transport group
antofagasta.co.ukLast updated
In short: Antofagasta raised Q3 copper output 7% but cut 2026 guidance after weather disruptions.
Group copper output rose 7% to 151,900 tonnes. The company announced a 2027 production target of 630,000–690,000 tonnes and raised FY26 cash cost estimates.
Revenue rose 18% to $4.48 billion, and EBITDA margin widened to 63.4%. Full-year copper output guidance reduced to 625-655kt after weather disruptions.
Production fell 9.5% to 285,000 tons, mainly due to lower production at Los Pelambres and Centinela.
Copper production steady at 142kt; costs benefit from by-product credits. Growth projects advancing.
Antofagasta PLC (ANTO.L), a Chile-focused copper mining company, said third-quarter copper production rose 7% sequentially to 151,900 tonnes, driven by higher output at Los Pelambres...
Chilean miner's weaker-than-expected output forecast and rising fuel costs raise concerns over earnings and expansion plans.
Antofagasta reported adjusted H1 2026 EBITDA of USD 2.84 billion, up 27 percent year over year, while its EBITDA margin reached 63.4 percent. The figures...
SANTIAGO, Oct 7 (Reuters) - Two unions at Chile's Centinela copper mine rejected further contract talks with Antofagasta Minerals (ANTO.L), opens new tab on Wednesday...
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