Antofagasta (ANTO)

Sector:

Mining

Index:

FTSE 100

2,026.00p
   
  • Change Today:
      41.00p
  • 52 Week High: 2,032.00p
  • 52 Week Low: 1,293.00p
  • Currency: UK Pounds
  • Shares Issued: 985.86m
  • Volume: 110,616
  • Market Cap: £19,974m
  • RiskGrade: 186

Antofagasta full-year profits, revenues decline

By Michele Maatouk

Date: Tuesday 21 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Chilean miner Antofagasta posted a drop in full-year profits and revenue on Tuesday as operating costs rose.
In the year to the end of December 2022, earnings before interest, tax, depreciation and amortisation fell 39% to $2.9bn, with operating costs up 10% mainly due to inflation and higher input prices.

Revenues declined 22% on the previous year to $5.9bn, reflecting a 12% fall in copper sales and a 12% drop in realised copper prices.

Pre-tax profit was down 26% on the year to $2.6bn.

Antofagasta said copper production fell 10.4% versus 2021 to 646,200 tonnes, mainly due to a drought.

Chief executive Ivan Arriagada said: "Copper production reflected the expected continuing drought in Chile and the effects of increased input prices, and the pipeline incident at Los Pelambres.

"Looking ahead, the Los Pelambres expansion is expected to be in production during Q2 including the new desalination plant which will significantly alleviate the water constraints that we have experienced over the past 18 months. Also, copper and by-product production is expected to increase over the course of 2023 and we expect cash costs before by-product credits to remain in line with 2022.

"All this is supported by copper's fundamentals which remain strong, with China showing signs of recovery and with the energy transition underpinning the long-term demand for copper."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Antofagasta Market Data

Currency UK Pounds
Share Price 2,026.00p
Change Today 41.00p
% Change 2.07 %
52 Week High 2,032.00p
52 Week Low 1,293.00p
Volume 110,616
Shares Issued 985.86m
Market Cap £19,974m
RiskGrade 186

Antofagasta Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.6% below the market average99.6% below the market average99.6% below the market average99.6% below the market average99.6% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
87.31% above the market average87.31% above the market average87.31% above the market average87.31% above the market average87.31% above the market average
90.21% above the sector average90.21% above the sector average90.21% above the sector average90.21% above the sector average90.21% above the sector average
Income
98.23% below the market average98.23% below the market average98.23% below the market average98.23% below the market average98.23% below the market average
91.3% below the sector average91.3% below the sector average91.3% below the sector average91.3% below the sector average91.3% below the sector average
Growth
54.47% below the market average54.47% below the market average54.47% below the market average54.47% below the market average54.47% below the market average
21.88% below the sector average21.88% below the sector average21.88% below the sector average21.88% below the sector average21.88% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 6
Sell 6
Strong Sell 1
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Antofagasta Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 31-Aug-23
Paid 10-May-24 29-Sep-23
Amount 24.30¢ 11.70¢

Trades for 28-Mar-2024

Time Volume / Share Price
11:23 105 @ 2,026.00p
11:23 78 @ 2,026.00p
11:23 64 @ 2,026.00p
11:23 25 @ 2,026.00p
11:23 50 @ 2,026.00p

Antofagasta Key Personnel

Chair Jean-Paul Luksic

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