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Antofagasta guidance disappoints

Chile miner Antofagasta has taken some criticism from analysts for its 2020 guidance, which sets out higher than expected costs and lower production.

Antofagasta guidance disappoints Antofagasta guidance disappoints Antofagasta guidance disappoints Antofagasta guidance disappoints Antofagasta guidance disappoints

Antofagasta received a more favourable reception for its full-year 2019 production than for its 2020 guidance

Antofagasta expects to produce 725,000-755,000 tonnes of copper in 2020, 180,000-200,000oz of gold and 12,500-14,000t of molybdenum.

This compares against 2019 guidance of 750,000-790,000t copper.