Due to a combination of lower prices, much-weaker output and higher costs, Antofagasta reported weak H1 22 results. Besides the material copper price correction in recent months, the on-going tax/royalty uncertainties in Chile are an added burden. However, with an expected H2 production rebound and some indications that the operating environment (both in price and cost terms) could get better in the coming months, Antofagasta is worth a go at current levels, especially considering that the long- ....
12 Aug 2022
Weak H1; now banking on H2 rebound
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Weak H1; now banking on H2 rebound
Antofagasta plc (ANTO:LON) | 2,042 0 0.0% | Mkt Cap: 20,126m
- Published:
12 Aug 2022 -
Author:
Varun Sikka -
Pages:
3
Due to a combination of lower prices, much-weaker output and higher costs, Antofagasta reported weak H1 22 results. Besides the material copper price correction in recent months, the on-going tax/royalty uncertainties in Chile are an added burden. However, with an expected H2 production rebound and some indications that the operating environment (both in price and cost terms) could get better in the coming months, Antofagasta is worth a go at current levels, especially considering that the long- ....