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Mining firm Antofagasta reports a 5% revenue rise to $6.6 billion in 2024, buoyed by higher copper prices.
Mining company Antofagasta reported a 5% revenue increase to $6.6 billion in 2024, driven by higher copper prices, though sales volumes were affected by weather issues.
The company's EBITDA margin rose to 52%, and cash flow from operations increased by 8%.
Antofagasta expects to produce between 660,000 and 700,000 tonnes of copper in 2025 and plans to invest $3.9 billion in capital expenditure.
Shares rose following the announcement.
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La empresa minera Antofagasta reporta un aumento de ingresos del 5% a 6.600 millones de dólares en 2024, impulsado por el aumento de los precios del cobre.