Antofagasta plc Reports Production Results for the Fourth Quarter and Full Year of 2015; Provides Production Guidance for the Year 2016
For the year, the company's gold production was 213,900 ounces compared to 270,900 in 2014, mainly reflecting lower grades at Centinela in the second half of the year. Molybdenum production at Los Pelambres was 10,100 tonnes compared to 7,900 tonnes in 2014, as a new, higher grade phase of the pit was mined. Copper production was 630,300 tonnes compared to 704,800 tonnes a year ago.
The company provided production guidance for the year 2016. The group production in 2016 is expected in the range of 710,000 tonnes to 740,000 tonnes of copper, 245,000 ounes to 275,000 ounces of gold and 8,000 tonnes to 9,000 tonnes of molybdenum.