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London . Antofagasta announced on Wednesday a 6.1% increase in its copper production in the second quarter and lower costs, a trend that, according to the Chilean mining company, will continue for the rest of the year.
Copper production increased by 163,000 tonnes, while cash costs fell 7.5% to US $ 1.85 per pound, thanks to the weakness of the local currency and the increase in production at the Centinela mine.
Antofagasta has accumulated period copper concentrates after he discovered an obstruction in the pipeline by which he is transporting production from his Los Pelambres plant to the port.
The executive chairman of the mining company, Iván Arriagada, said that he expects cash costs will fall in the second half due to higher product volumes and grades, while production is expected to increase as that the concentrate is transferred to the terminals.
Antofagasta accumulated about 9,200 After discovering the blockade in May, the company has maintained the production guide for the entire year in a range between 705,000 and 740,000 tons and net cash costs of $ 1.35 per pound "With the complications that we currently see in small operations, it may be far too much to do more compared to the bottom of the guide," said Edward Sterck. , badyst. of BMO Capital Markets, warning that production should reach at least 22% to achieve business objectives
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