On August 14, Antofagasta Minerals reported a 60% increase in first-half earnings compared to the same period in 2024, driven by stronger copper prices and stable production across its Chilean operations. The company highlighted that EBITDA growth was supported by higher realized prices and disciplined cost control, despite inflationary pressures in energy and labor. Production guidance for the year was reaffirmed, with management noting steady output from its flagship Los Pelambres mine and ongoing investment in debottlenecking and water management projects.
Antofagasta’s portfolio, concentrated entirely in Chile, remains one of the most consistent sources of copper supply in a period marked by disruptions elsewhere in Latin America. The company pointed to progress on expansion projects and environmental initiatives, including desalination infrastructure to reduce reliance on scarce freshwater. By aligning operational stability with sustainability commitments, Antofagasta sought to demonstrate resilience not only in financial terms but also in its ability to meet rising ESG expectations from investors and regulators.
These results underscore how well-managed producers can leverage favorable market conditions to strengthen both financial performance and long-term credibility. In a copper market characterized by volatility and tightening supply, Antofagasta’s combination of reliable production and visible environmental investments positions it as a relatively low-risk player. For Chile, the strong results reinforce the centrality of mining revenues to public finances; for global markets, they highlight how established producers with strong governance can anchor supply chains and bolster confidence in future availability.
Company Profile – Antofagasta Minerals
Headquarters: London, UK (operations centered in Chile)
Key Projects: Los Pelambres, Centinela, Zaldivar, and Antucoya (Chile)
Update (Aug 14, 2025): H1 earnings up 60%, stable copper output
Commodities: Copper (primary), with molybdenum and gold by-products
Exchange/Ticker: LSE: ANTO