Business
Q3 FINANCIAL REPORT
Q3 FINANCIAL REPORT.
About this update from Antofagasta Plc
[{"type":"text","content":"\n \nRNS Number : 9603S Antofagasta PLC 14 November 2013 \n \n\n \nNEWS RELEASE, 14 NOVEMBER, 2013\n \nFINANCIAL REPORT FOR 9 MONTHS TO 30 SEPTEMBER 2013\n \nHIGHLIGHTS\n \n· Group copper production of 538,300 tonnes, a 4.4% increase compared with the same period in 2012, primarily reflecting improved operational performance at Esperanza\n· Sales volumes to 30 September 2013 were 532,000 tonnes, slightly lower than production volumes mainly due to shipping and loading schedules \n· Group revenue of $4,404.3 million (9 months to September 2012 - $4,852.4 million), with lower realised prices partly offset by increased copper and gold sales \n· Group EBITDA of $2,052.5 million (9 months to 30 September 2012 - $2,848.4 million), reflecting the lower revenue in the period and, to a lesser extent, higher operating costs \n· Group attributable net cash position of $1,640.5 million (31 December 2012 - $2,564.6 million)\n \n\n\n\n\nNINE MONTHS TO 30 SEPTEMBER\n\n\n\n\n\n2013\n\n\n2012\n\n\n%\n\n\n\n\nGroup revenue \n\n\n$m\n\n\n4,404.3\n\n\n4,852.4\n\n\n(9.2%)\n\n\n\n\nEBITDA\n\n\n$m\n\n\n2,052.5\n\n\n2,848.4\n\n\n(27.9%)\n\n\n\n\nGroup attributable net cash at period end\n\n\n$m\n\n\n1,640.5\n\n\n2,564.6*\n\n\n(22.5%)\n\n\n\n\nCopper sales\n\n\nkt\n\n\n532.0\n\n\n495.0\n\n\n7.5%\n\n\n\n\nGold sales\n\n\nkoz\n\n\n217.6\n\n\n202.6\n\n\n7.4%\n\n\n\n\nMoly sales\n\n\nkt\n\n\n6.2\n\n\n9.8\n\n\n(36.7%)\n\n\n\n\nCash costs before by-product credits\n\n\n$/lb\n\n\n1.79\n\n\n1.60\n\n\n11.9%\n\n\n\n\nNet cash costs\n\n\n$/lb\n\n\n1.33\n\n\n0.99\n\n\n34.3%\n\n\n\n\nRealised copper price\n\n\n$/lb\n\n\n3.26\n\n\n3.74\n\n\n(12.8%)\n\n\n\n\n \n* The comparative Group attributable net cash figure represents the balance at 31 December 2012.\n \nProduction and sales volumes\nThe volume of copper produced in the nine months ended 30 September 2013 was 538,300 tonnes, a 4.4% increase on the 515,800 tonnes produced in the nine months ended 30 September 2012. This reflected improved operational performance at Esperanza and marginally higher ore grades at Los Pelambres. \n \nSales volumes in the nine months ended 30 September 2013 were 532,000 tonnes (nine months ended 30 September 2012 - ...