Antofagasta 1Q Copper Production Rose 23%, Backs 2019 Guidance
April 24 2019 - 2:41AM
Dow Jones News
By Oliver Griffin and Carlo Martuscelli
Antofagasta PLC (ANTO.LN) Wednesday reported a 23% rise in
first-quarter copper production, citing higher throughput and
higher ore grades, and said guidance for the year was
unchanged.
The Chilean copper miner said copper production in the first
quarter of 2019 rose to 188,600 metric tons, from 153,800 tons in
the year-earlier period. However, compared with the immediately
preceding quarter, production fell 14% as a result of scheduled
maintenance and lower grades.
Gold production rose 93% to 62,200 ounces Antofagasta said.
Molybdenum production rose 13% from the previous-year period.
The company said its group copper-production guidance for 2019
was unchanged at 750,000-790,000 tons.
Write to Oliver Griffin at oliver.griffin@dowjones.com and Carlo
Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
April 24, 2019 02:26 ET (06:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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