trending Market Intelligence /marketintelligence/en/news-insights/trending/bSUpcEH69OKOsWZqhpYbMg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Antofagasta's FY'18 earnings down on higher mining costs

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Antofagasta's FY'18 earnings down on higher mining costs

Antofagasta PLC said March 19 its earnings attributable to shareholders for 2018 fell to US$543.7 million from US$750.6 million the year before.

EPS fell 27.7% to 55.1 U.S. cents, and EBITDA fell 13.9% to US$2.23 billion due to higher unit cash costs, increased exploration and evaluation expenditures, and mine closure provisions.

Revenue for the year slid 0.3% to US$4.73 billion, reflecting a decrease in the realized copper price offset by higher copper sales volumes and higher molybdenum revenue.

Operating costs at the company's mining division increased 12.7% to $2.51 billion in 2018. Of this increase, US$259.7 million was attributable to higher minesite operating costs.

The company declared a final dividend of 37.0 cents per share, bringing the total dividend for the year to 43.8 cents per share, a 13.9% decrease from 2017's payout.

Capital expenditure stood at US$872.8 million, falling 2.9% from 2017 and less than the US$1 billion originally guided.

In January, the company reported that its full-year 2018 copper production climbed 3% year over year to 725,300 tonnes, hitting the top end of revised guidance on the back of strong results at the Los Pelambres mine and the Oxide and Sulfide operations at Centinela in Chile.