Higher output and metal prices boost Antofagasta

Higher output and metal prices boost Antofagasta

September 4, 2021 ubkfoqkq 0

first_img KCS-content Higher output and metal prices boost Antofagasta CHILEAN copper miner Antofagasta reported a surge in nine-month profit on the back of higher output and metals prices, but this fell short of some investors’ expectations.The London-listed group also said it had launched operations at its new Esperanza mine, part of an expansion that is due to lift output by a third next year.Nine-month earnings before interest, tax, depreciation and amortisation (ebitda) jumped 74 per cent to $1.96bn (£1.24bn), but this was less than expected.“It was a small miss, maybe three to five per cent,” said one analyst who declined to be named, referring to Antofagasta’s ebitda. He noted that losses from commodity derivatives had shaved $52.6m from profits.Output from Esperanza, together with expansion at the company’s flagship Los Pelambres mine, is due to boost annual copper output next year by about a third to 700,000 tonnes. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsappcenter_img Share whatsapp Thursday 25 November 2010 7:26 pm Show Comments ▼ Tags: NULLlast_img

 

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