Antofagasta plc (ANTO) Q2 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0410b-0492-78b3-bd61-7ad2bb451a7e Created: 2026-08-27T02:27:18.171Z Duration: 1150.6677 Channels: 1 00:00:00.000 -- 00:00:02.240 Good morning and thank you for joining us 00:00:02.240 -- 00:00:02.879 today. 00:00:03.199 -- 00:00:05.040 I am Ivan Arriagada, 00:00:05.040 -- 00:00:06.800 Chief Executive Officer. 00:00:07.279 -- 00:00:09.679 We are pleased to report another set of 00:00:09.679 -- 00:00:11.519 strong financial results, 00:00:11.920 -- 00:00:13.280 with 27% 00:00:13.280 -- 00:00:14.639 higher EBITDA 00:00:14.565 -- 00:00:16.004 and a 72% 00:00:16.004 -- 00:00:18.804 increase in profit before tax, 00:00:19.045 -- 00:00:22.404 which are the result of higher realized prices, 00:00:22.564 -- 00:00:24.005 productivity improvements 00:00:24.005 -- 00:00:26.085 and continued cost discipline. 00:00:26.645 -- 00:00:29.840 At the same time, our major growth projects 00:00:29.840 -- 00:00:32.000 are advancing towards completion 00:00:32.000 -- 00:00:34.000 in the year 2027, 00:00:34.239 -- 00:00:37.280 positioning us well for the future as demand 00:00:37.280 -- 00:00:39.840 for copper continues to be supported by a 00:00:39.840 -- 00:00:42.160 range of long term structural trends. 00:00:44.844 -- 00:00:47.085 Before we review the results, I would like 00:00:47.085 -- 00:00:49.405 to take a moment to summarize 00:00:49.405 -- 00:00:51.644 who we are and why we believe our 00:00:51.644 -- 00:00:53.964 investment case continues to strengthen. 00:00:54.364 -- 00:00:55.805 At Antofagasta, 00:00:55.805 -- 00:00:56.844 we combine 00:00:56.790 -- 00:01:00.310 pure play copper production today with growth for 00:01:00.310 -- 00:01:01.030 tomorrow. 00:01:01.510 -- 00:01:03.750 Our projects currently under construct...