Business
Q2 Production Report
Q2 Production Report.
About this update from Antofagasta Plc
[{"type":"text","content":"\n \nRNS Number : 5297K Antofagasta PLC 31 July 2013 \n \n\n31 July 2013\n \nQuarterly Production Report\n Q2 2013\n \n \n \n \n· Group copper production in H1 2013 was 364,100 tonnes, an 8.4% increase on H1 2012, mainly due to higher plant throughput at Esperanza \n· Group copper production was 180,300 tonnes in Q2 2013, a small decline from Q1 2013 due to lower production from Esperanza where the plant underwent scheduled maintenance, but largely offset by higher production at Los Pelambres and El Tesoro\n· Group gold production in H1 2013 was 162, 900 ounces, a 19.7% increase on H1 2012, primarily due to a significant increase in production at Esperanza partially off-set by a decrease in production at Los Pelambres\n· Group gold production was 76,700 ounces in Q2 2013, down 11% from Q1 2013, primarily due to lower grades and throughput at Esperanza \n· Group cash costs (before by-product credits) were $1.80/lb in Q2 2013, 4.7% higher than the previous quarter, primarily due to higher energy costs at Los Pelambres. Net cash costs were $1.37/lb in Q2 2013, 18.1% higher than Q1 2013 reflecting lower gold and molybdenum volumes and prices \n· The Group remains on track to achieve the full year copper production of 700,000 tonnes as previously guided\n· On 2 July 2013, the Group acquired a 40% interest in the Alto Maipo hydroelectric project, which will help secure future energy supply to Los Pelambres \n \n \n\n\n \n\n\n\n\nGroup Total\n\n\n\n\n\n\n\n\nQ1\...