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Antofagasta plc
Video analysis: ANFGF
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News: ANFGF
Antofagasta: Water Infrastructure Anchors A Copper Growth Story
Antofagasta plc is investing heavily in water infrastructure to support long-term, stable mining cash flows and production reliability. First-half 2026 results show strong EBITDA growth and margin expansion, but cash conversion lags due to high capital expenditures and tax outflows. Centinela's second concentrator and Los Pelambres expansions target 30% copper production growth, lower costs, and improved operational resilience.
Citi keeps Antofagasta at £44 target despite lower 2026 copper forecast
Citi has kept a Buy rating and £44 target price on Antofagasta PLC (LSE:ANTO), the London-listed copper producer, despite lowering its 2026 production forecast after weather disruption at Los Pelambres. Citi expects Antofagasta to produce 634,000 tonnes of copper this year, towards the lower end of the company's revised guidance of 625,000 to 655,000 tonnes.
Antofagasta plc (ANFGF) Q2 2026 Earnings Call Transcript
Antofagasta plc (ANFGF) Q2 2026 Earnings Call Transcript
Antofagasta slides as Chilean storms force copper output downgrade
Shares in Antofagasta PLC (LSE:ANTO), the Chilean copper miner and FTSE 100 constituent, fell 5% to 3,835p after the group cut its production forecast for the year despite a forecast-beating set of half-year results. The company now expects to produce between 625,000 and 655,000 tonnes of copper in 2026, down from earlier guidance of 650,000 to 700,000 tonnes.
Antofagasta Posts Higher Earnings But Cuts Production Guidance After Heavy Rain in Chile
Higher prices helped offset a rise in operating costs, but the copper miner cut its full-year production outlook after severe weather temporarily closed a mine.
Antofagasta lifts first-half EBITDA 27% as copper prices strengthen and growth projects advance
Antofagasta PLC (LSE:ANTO) increased first-half earnings and cash generation as stronger realised commodity prices and cost discipline offset lower copper production, while its major expansion projects continued towards commissioning in 2027. Revenue for the 6 months to June 30, 2026, increased 18% year-on-year to US$4.48 billion, while EBITDA rose 27% to US$2.84 billion.
Antofagasta H1 Earnings Call Highlights
Antofagasta LON: ANTO reported higher first-half earnings as stronger realized prices for copper and by-products, productivity gains and cost discipline offset lower copper production. The company said its major growth projects remain on track for completion in 2027 and are expected to increase production by about 30%.
Antofagasta first-half earnings rise as higher copper prices offset output decline
Chilean miner Antofagasta posted a 27% increase in half-year core earnings on Thursday as high prices for energy transition material copper offset lower production.
