19/04/2023
QUARTERLY PRODUCTION REPORT - Q1 2023
QUARTERLY PRODUCTION REPORT - Q1 2023
Antofagasta plc CEO, Iván Arriagada said: “Antofagasta´s production and cost performance in the first quarter was as expected with copper production at 145,900 tonnes and net cash costs at $1.54/lb with production affected by reduced water availability at Los Pelambres and lower grades at Centinela. With the completion of the desalination plant and the concentrator plant expansion at Los Pelambres production will increase during the year to meet production and cash cost guidance of 670-710,000 tonnes of copper at $1.65/lb.
Controlling our costs in this inflationary environment and mitigating the impact of a stronger Chilean peso continue to be our focus, together with the safety and health of our employees and contractors.
The copper market has been strong throughout the quarter, and we expect this to continue as structural supply and demand dynamics support a tight physical market.”
cONTACT US
Sign up for the latest Antofagasta news:
C ontact usour sTRATEGY AND PURPOse
We are committed to our purpose of Developing Mining for a Better Future
our STRATEGY AND PURPOSECopyright 2023 Antofagasta plc, All rights reserved.