18/01/2023
QUARTERLY PRODUCTION REPORT - Q4 2022
QUARTERLY PRODUCTION REPORT - Q4 2022
Antofagasta plc CEO, Iván Arriagada said: “Antofagasta has ended the year on a strong note, achieving full year production and cost guidance despite the ongoing drought in Chile and higher input costs.
“In 2022, we produced 646,200 tonnes of copper at a cash cost of $1.61/lb. With the Los Pelambres desalination and concentrator plants expected to be in production during the second quarter of the year after finishing commissioning, we forecast annual copper production in 2023 will increase to between 670,000 and 710,000 tonnes with net cash costs of $1.65/lb.
“The recent strength in the copper market is a positive start to the year, reflecting not just the relaxation of Covid restrictions in China and its expected stronger growth, but also the fundamental long-term importance of copper and the need for increased supply.
“In today’s challenging operating environment, our Purpose of developing mining for a better future is truer than ever. We continue to deliver an essential commodity that plays a crucial role in the energy transition and the development of a sustainable world, while also bringing real social benefits to our country and local communities.”
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