Antofagasta share price falls 4% after release of H1 2018 financial report

Chilean copper mining group Antofagasta has seen the value of its shares slip by more than 4% since publication of its latest financial report on Tuesday August 14, which detailed short-term copper demand and lower earnings.

The company’s earnings before interest, taxes, depreciation and amortization (Ebitda) fell by 16.2% year-on-year to $904.2 million in the six months to June 30, 2018, influenced by higher costs and lower output. “The first half… was expectedly softer due to lower sales… and grades, and higher costs, but we are expecting tonnages...


Benedict Konst

August 16, 2018

13:52 GMT