https://www.miningweekly.com
Antofagasta|Chile|Centinela|Los Pelambres|Copper|Flooding – Chile Mining Region|Coquimbo
|||||
antofagasta|chile|centinela|los-pelambres|copper|flooding-chile-mining-region|coquimbo

Antofagasta third-quarter copper output rises 7%, backs 2026 forecast

Antofagasta's Los Pelambres mine

Antofagasta's Los Pelambres mine

15th October 2026

By: Reuters

  

Font size: - +

LONDON - Chilean miner Antofagasta on Thursday reported a 7% rise in third-quarter copper production and maintained its annual guidance, as stronger output in the final months of 2026 is expected to offset losses incurred in the first quarter.

The company produced 151 900 tons of copper in the third quarter, bringing year-to-date output to 436 900 tons, down 8.3% from the same period in 2025.

A 7.6% drop in the first quarter owing to lower grades and recoveries at Centinela led the company to cut its 2026 output estimate to between 625 000 tons and 655 000 tons earlier this year. A previous forecast had stood between 650 000 and 700 000 tons.

It also expects 2027 production at 630 000 tons to 690 000 tons on higher grades at Los Pelambres. The mine was shut down in July after extreme rains prompted Chile's government to declare a "state of catastrophe" in the Coquimbo region.

The London-listed miner again raised estimates for cash costs before by-product credits to between $2.60 and $2.70 per pound, from $2.40 to $2.60 previously owing to persistently higher fuel prices.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest Multimedia

Resources Watch
Resources Watch
14th October 2026

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.23 0.291s - 117pq - 2rq
Subscribe Now