Antofagasta’s 2018 profits drop despite record copper production

Copper miner Antofagasta reported a 14% year-on-year drop in profits in 2018 despite it being a record year for output.

The company, which mines in Chile but is listed in London, generated revenues of $4.73 billion in 2018, flat on last year.

A 6.3% decrease in realized copper prices and higher costs led profits to drop...

Published

Archie Hunter

March 19, 2019

10:10 GMT

London