Antofagasta ups copper production in H1, cuts 2023 guidance due to delay at desalination plant Antofagasta
- Chile-focused miner Antofagasta , one of the world's senior copper producers, announced today that its H1 2023 copper output of 295,500 tonnes was 10.0% higher year-on-year , principally reflecting a 23.9% increase in throughput rates at Los Pelambres.
Molybdenum production was 4,900 tonnes in H1 2023, 22.5% higher than in the same period last year mainly due to higher throughput at Los Pelambres. Net cash costs were $1.75/lb for the first half of the year, compared to $1.82/lb in the first half of 2022, reflecting the slight increase in cash costs before by-product credits more than offset by higher by-product credits.
"Guidance is therefore updated to 640-670,000 tonnes , with output increasing quarter-on-quarter in H2 2023," it added.
France Dernières Nouvelles, France Actualités
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