Antofagasta Raises Cost Forecast, Reiterates Production Guidance
Copper production rose 7% quarter-on-quarter to 151,900 tonnes and copper sales jumped 30.5% to 170,700 tonnes. Production was below consensus of 155,000 tonnes.
The Chilean-focused business saw copper production rise 7% quarter-on-quarter to 151,900 tonnes, boosted by higher output at its Los Pelambres mine. Copper sales jumped 30.5% to 170,700 tonnes.However, consensus had been for a slightly higher rise in production, to 155,000 tonnes.Gold production wa…