|
Production
l
Group copper production in Q2 2020 was 177,700 tonnes, a decrease of
8.4% compared to the previous quarter, mainly because of expected lower
ore grades at Centinela Concentrates
l
Group copper production in the first six months of the year was 371,700
tonnes, in line with expectations and 4.0% lower than in the same period
last year
l
Gold production for the quarter decreased by 29.3% to 46,000 ounces
compared with Q1 mainly due to lower grades at Centinela, and for the
first six months decreased by 25.5% to 111,100 ounces
l
Molybdenum production was 3,100 tonnes, some 700 tonnes higher than
previous quarter. For the year to date, production was 5,500 tonnes,
14.1% lower than in the same period last year
2020 Guidance
l
Group copper production guidance is unchanged at the lower end of the
original 725-755,000 tonnes guidance range, on the basis that no
COVID-19 related shutdowns are required during the rest of the year
l
Net cash costs guidance for the full year is also unchanged at $1.20/lb,
10c/lb lower than originally guided, assuming revised production
guidance is achieved and the Chilean peso averages 800 pesos to the US
dollar for the year
l
Capital expenditure for the year is expected to be less than $1.3
billion, assuming the work on the Los Pelambres Expansion and Zaldívar
Chloride Leach projects ramps-up as expected
T1: Group Production and Cash Costs
|
|
YTD
2020 |
YTD
2019 |
% |
Q2 2020 |
Q1 2020 |
% |
|
Copper production kt |
371.7 |
387.3 |
-4 |
177.7 |
194 |
-8.4 |
|
Copper sales kt |
374.2 |
381.4 |
-1.9 |
178.9 |
195.3 |
-8.4 |
|
Gold production koz |
111.1 |
149.1 |
-25.5 |
46 |
65.1 |
-29.3 |
|
Molybdenum production kt |
5.5 |
6.4 |
-14.1 |
3.1 |
2.4 |
29.2 |
|
Cash costs before by-product credits (1) $/lb |
1.51 |
1.66 |
-9 |
1.5 |
1.51 |
-0.7 |
|
Net cash costs (1) $/lb |
1.12 |
1.19 |
-5.9 |
1.13 |
1.1 |
2.7 |
Source:
Antofagasta |
