Precious metals production dips at Antofagasta January 28, 2015 SHARES in Chile-based miner Antofagasta fell by 2.9 per cent yesterday after the company published its production update for the final quarter of 2014. Copper production in the fourth quarter was up 10.8 per cent compared with the third quarter. However, for the full year, copper production fell by 2.3 per cent from the result [...]
Mining meltdown: Antofagasta, Glencore and Anglo American share prices plummet amid copper selloff January 14, 2015 Miners led the FTSE 100's biggest fallers in morning trading after a sudden collapse in copper prices knocked oil off the top of the commodities watch list. The metal plunged by more than six per cent after the World Bank slashed its global growth forecast for 2015. Antofagasta was the biggest faller, with shares dropping [...]
Antofagasta targets unchanged by poor quarterly production October 29, 2014 Mining firm Antofagasta maintained yesterday that it is on track to meet its 2014 production target despite production tumbling across the board in the first nine months of year. Gold production saw the biggest decrease at 64,700 ounces, a decline of 18.3 per cent compared with the same period in 2013. The company attributed this [...]
Copper decline crushes profits at Antofagasta August 26, 2014 MINING giant Antofagasta saw its shares slump yesterday, after it revealed its profits had taken a big hit in the first half, with the lower price of copper and higher costs damaging its bottom line. Pre-tax profits during the six months to 30 June were $850.7m (£512.8m), down 13.3 per cent on $981 over the [...]
London Report: Draghi QE hint sends banks and FTSE up but Antofagasta falls August 26, 2014 BRITAIN’S top equity index rose yesterday, with financial stocks outperforming, amid expectations of new economic stimulus measures from the European Central Bank. The blue-chip FTSE 100 index closed up by 0.7 per cent, or 47.51 points, at 6,822.76 points – its highest closing level since early July. As the FTSE was closed on Monday due [...]
Antofagasta hit by slide despite bumper payout March 18, 2014 CHILEAN copper miner Antofagasta briefly delighted the market yesterday with a better-than-expected dividend, but a decline in full-year revenue and earnings took the shine off results. The FTSE 100-quoted company issued a final dividend of 86.1 cents per share, bringing the total dividend for the year to 95 cents per share. This represents a total [...]
Miner Antofagasta hit by weak prices and high costs March 18, 2014 Chilean-based miner Antofagasta has reported a 25 per cent fall in profit to $2.1bn (£1.3bn) in 2013, although it has pledged a much larger than expected dividend for shareholders. Shares have jumped almost six per cent this morning on the news. Chief executive Diego Hernandez said the year was a challenging one, as the firm was [...]
Antofagasta and Anglo American soar on strong production results January 29, 2014 SHARES in Anglo American and Antofagasta both soared over five per cent yesterday, after stellar fourth-quarter production updates pleased investors in both the FTSE 100-quoted miners. Anglo American reported a 25 per cent increase in iron ore production over the period, while copper output rose by 24 per cent to a record 214,4000 tonnes, beating [...]