1 of 1
Story summary
- Antofagasta plc (the Chilean copper miner) reports Q1 2026 copper production fell 19.2% to 143,000 tonnes due to lower processing rates and grades.
- Net cash costs fell 30% to $1.08 per pound, aided by a 104% rise in by-product credits.
- Iván Arriagada, Antofagasta's CEO, expects production to rise in 2026 thanks to processing and improving grades.
- Antofagasta maintains guidance at 650,000–700,000 tonnes and $3.4 billion in capex, Centinela on track.
