Antofagasta PLC (OTCPK:ANFGF)
$ 20.89 -0.585 (-2.72%) Market Cap: 20.59 Bil Enterprise Value: 21.93 Bil PE Ratio: 26.95 PB Ratio: 2.29 GF Score: 91/100

Half Year 2019 Antofagasta PLC Earnings Call (Q&A) Transcript

Aug 22, 2019 / 11:00AM GMT
Release Date Price: $9.88
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

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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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