Antofagasta PLC (LSE:ANTO)
£ 24.1 0.17 (0.71%) Market Cap: 23.76 Bil Enterprise Value: 24.31 Bil PE Ratio: 36.02 PB Ratio: 3.36 GF Score: 80/100
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Half Year 2019 Antofagasta PLC Earnings Call (Q&A) Transcript

Aug 22, 2019 / 11:00AM GMT
Release Date Price: £8.17 (-0.29%)
Operator

Good day, and welcome to the Antofagasta Half Year Results 2019 Conference Call. This call is being recorded.

At this time, I would like to turn the conference over to Mr. Iván Arriagada, CEO of Antofagasta. Please go ahead, sir.

IvÃ;n Arriagada Herrera
Antofagasta plc - CEO

¡ -

Thank you. Thank you for joining our call. I'm here in Santiago and Alfredo Atucha, our CFO, is here with me.

Before we open the line for questions, I would like to give you a brief recap of our results. Firstly, I would say, we think we delivered a solid set of results. We had a first half, which is good record copper production, which increased by 22% to 387,000 tonnes. And this improved production performance has been essentially driven by better performance at our plants, especially Pelambres and Centinela, over the past 6 months and higher grades at Centinela.

Costs were down significantly. We had a unit cost of $1.19 per pound. That's $0.33 lower than the same period last year. And I think this is the result of higher production but also

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