Antofagasta share price: Miner’s Q4 production report out

on Jan 28, 2015
Updated: Oct 21, 2019
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Antofagasta Plc (LON:ANTO) today released its production report for the fourth quarter of 2014. Key information from the report provided below, with more to follow:

· Copper production in Q4 2014 was 187,500 tonnes, a 10.8% increase compared with the previous quarter, with all of the Group’s operations achieving higher throughput
· Copper production for the full year of 704,800 tonnes was 2.3% lower than last year primarily due to lower grades at Los Pelambres
· Gold production was 82,300 ounces in Q4 2014, a 27.2% increase on Q3 2014 due largely to higher throughput and stronger recoveries in the final quarter at Centinela

· Gold production was 270,900 ounces for 2014 compared with 293,800 ounces in 2013, mainly reflecting lower grades and recoveries at Centinela
· Molybdenum production at Los Pelambres was 7,900 tonnes in 2014, compared with 9,000 tonnes in the 2013, principally due to lower grades
· Full year copper, gold and molybdenum production and net cash costs all beat guidance
· Group production in 2015 is expected to be approximately 710,000 tonnes of copper, 250,000 ounces of gold and 8,000 tonnes of molybdenum
· Group cash costs before by-product credits in 2015 are expected to be similar to 2014 at $1.85/lb and net cash costs slightly higher at $1.50/lb as Antucoya commences its ramp-up in Q2 2015
As of 07:51 GMT, Wednesday, 28 January, Antofagasta plc share price is 693.50p.

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