Quarterly Production Report – Q1 2026 (Operating Tables in... (Report)
· Issued by Antofagasta Plc
Q1 2026 PR
|
ANTOFAGASTA PLC - Q1 2026 PRODUCTION REPORT
|
|
Operating Tables in Excel Format
|
|
15 April 2026
|
ANTO Operating Data
|
Antofagasta Operating Data
|
|
GROUP PRODUCTION AND CASH COSTS
| |
Quarter
| | | | | | | | | | | | | | | | | | | | | | |
YTD
| | |
% Change
|
| | |
2021
| | | |
2022
| | | |
2023
| | | |
2024
| | | |
2025
| | | |
2026
| | |
2025
|
2026
| |
Q1 26 vs Q4 25
|
YTD 26 vs YTD 25
|
| | |
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
| | |
YTD
|
YTD
|
|
Copper production
|
kt
|
183.0
|
178.4
|
181.1
|
178.9
|
138.8
|
129.8
|
181.9
|
195.7
|
145.9
|
149.6
|
173.6
|
191.5
|
129.4
|
155.3
|
179.0
|
200.3
|
154.7
|
160.1
|
161.8
|
177.0
|
143.0
| | |
154.7
|
143.0
| |
(19.2)
|
(7.6)
|
|
Copper sales
|
kt
|
182.8
|
163.4
|
182.3
|
197.2
|
115.9
|
147.1
|
178.0
|
201.5
|
149.0
|
146.4
|
158.4
|
213.4
|
115.7
|
161.5
|
176.5
|
191.8
|
170.2
|
153.8
|
141.3
|
201.0
|
137.0
| | |
170.2
|
137.0
| |
(31.8)
|
(19.5)
|
|
Gold production
|
koz
|
59.1
|
61.4
|
66.8
|
64.9
|
38.4
|
35.4
|
46.9
|
56.1
|
42.2
|
44.0
|
57.4
|
65.5
|
33.3
|
33.6
|
51.8
|
68.2
|
42.9
|
48.3
|
53.9
|
66.3
|
46.5
| | |
42.9
|
46.5
| |
(29.9)
|
8.4
|
|
Molybdenum production
|
kt
|
3.0
|
2.8
|
2.6
|
2.1
|
2.0
|
2.0
|
2.6
|
3.1
|
2.5
|
2.4
|
3.2
|
2.9
|
2.7
|
2.5
|
2.7
|
2.8
|
3.1
|
4.4
|
3.9
|
4.4
|
3.0
| | |
3.1
|
3.0
| |
(31.8)
|
(3.2)
|
|
Cash costs before by-product credits
|
$/lb
|
1.68
|
1.77
|
1.79
|
1.92
|
2.34
|
2.40
|
2.12
|
2.00
|
2.49
|
2.47
|
2.27
|
2.07
|
2.67
|
2.63
|
2.33
|
2.01
|
2.37
|
2.27
|
2.42
|
2.44
|
2.77
| | |
2.37
|
2.77
| |
13.5
|
16.9
|
|
Net cash costs
|
$/lb
|
1.16
|
1.13
|
1.16
|
1.35
|
1.75
|
1.90
|
1.66
|
1.27
|
1.54
|
1.96
|
1.47
|
1.50
|
1.93
|
1.94
|
1.62
|
1.23
|
1.54
|
1.12
|
1.07
|
1.05
|
1.08
| | |
1.54
|
1.08
| |
2.9
|
(29.9)
|
|
LOS PELAMBRES
| |
Quarter
| | | | | | | | | | | | | | | | | | | | | | |
YTD
| | |
% Change
|
| | |
2021
| | | |
2022
| | | |
2023
| | | |
2024
| | | |
2025
| | | |
2026
| | |
2025
|
2026
| |
Q1 26 vs Q4 25
|
YTD 26 vs YTD 25
|
| | |
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
| | |
YTD
|
YTD
|
|
Daily ore throughput
|
kt
|
164.5
|
163.3
|
158.0
|
136.6
|
98.8
|
110.1
|
160.7
|
176.7
|
115.5
|
143.4
|
164.1
|
185.5
|
177.1
|
196.2
|
183.0
|
186.0
|
173.5
|
171.2
|
164.1
|
181.1
|
165.5
| | |
173.5
|
165.5
| |
(8.6)
|
(4.6)
|
|
Copper grade
|
%
|
0.67
|
0.65
|
0.64
|
0.67
|
0.68
|
0.64
|
0.61
|
0.64
|
0.66
|
0.64
|
0.61
|
0.61
|
0.56
|
0.52
|
0.55
|
0.57
|
0.53
|
0.54
|
0.56
|
0.53
|
0.52
| | |
0.53
|
0.52
| |
(1.9)
|
(1.9)
|
|
Copper recovery
|
%
|
89.1
|
90.2
|
90.3
|
91.8
|
92.3
|
89.3
|
88.4
|
88.3
|
89.2
|
89.2
|
89.2
|
89.7
|
88.2
|
89.0
|
88.4
|
89.5
|
88.3
|
89.8
|
90.9
|
91.1
|
90.4
| | |
88.3
|
90.4
| |
(0.8)
|
2.4
|
|
Copper production
|
kt
|
84.9
|
84.4
|
81.1
|
74.3
|
54.1
|
44.3
|
87.8
|
88.8
|
59.3
|
69.2
|
81.1
|
90.7
|
55.3
|
77.2
|
92.0
|
95.2
|
69.9
|
73.3
|
73.0
|
79.2
|
66.3
| | |
69.9
|
66.3
| |
(16.3)
|
(5.2)
|
|
Copper sales
|
kt
|
80.7
|
84.9
|
69.1
|
89.9
|
41.9
|
54.4
|
80.4
|
94.6
|
56.8
|
72.3
|
69.1
|
100.8
|
50.7
|
82.7
|
88.3
|
93.6
|
73.0
|
72.6
|
57.2
|
95.1
|
65.2
| | |
73.0
|
65.2
| |
(31.4)
|
(10.7)
|
|
Molybdenum grade
|
%
|
0.021
|
0.021
|
0.018
|
0.018
|
0.016
|
0.018
|
0.016
|
0.017
|
0.019
|
0.018
|
0.017
|
0.016
|
0.016
|
0.015
|
0.015
|
0.016
|
0.019
|
0.026
|
0.025
|
0.026
|
0.019
| | |
0.019
|
0.019
| |
(26.9)
|
-
|
|
Molybdenum recovery
|
%
|
85.3
|
83.9
|
83.9
|
85.1
|
86.5
|
83.9
|
84.8
|
87.1
|
87.3
|
85.5
|
84.6
|
85.0
|
84.9
|
84.9
|
80.9
|
81.4
|
75.8
|
83.7
|
81.9
|
84.4
|
81.4
| | |
75.8
|
81.4
| |
(3.6)
|
7.4
|
|
Molybdenum production
|
kt
|
2.6
|
2.4
|
2.4
|
1.8
|
1.4
|
1.4
|
2.1
|
2.4
|
1.8
|
1.7
|
2.4
|
2.3
|
2.2
|
2.0
|
2.1
|
2.0
|
2.3
|
3.5
|
3.0
|
3.7
|
2.3
| | |
2.3
|
2.3
| |
(37.8)
|
-
|
|
Molybdenum sales
|
kt
|
2.6
|
2.3
|
2.1
|
2.2
|
1.2
|
1.5
|
1.8
|
2.2
|
1.8
|
1.9
|
2.1
|
2.3
|
2.5
|
2.1
|
1.8
|
2.2
|
2.0
|
3.6
|
3.1
|
3.1
|
2.7
| | |
2.0
|
2.7
| |
(12.9)
|
35.0
|
|
Gold grade
|
g/t
|
0.048
|
0.048
|
0.037
|
0.043
|
0.044
|
0.042
|
0.040
|
0.042
|
0.046
|
0.038
|
0.041
|
0.030
|
0.034
|
0.029
|
0.032
|
0.037
|
0.035
|
0.044
|
0.043
|
0.042
|
0.038
| | |
0.035
|
0.038
| |
(9.5)
|
8.6
|
|
Gold recovery
|
%
|
68.1
|
64.9
|
83.0
|
74.5
|
73.5
|
72.4
|
67.2
|
69.0
|
70.0
|
67.0
|
63.7
|
76.4
|
69.6
|
69.6
|
70.1
|
70.6
|
71.2
|
70.1
|
70.9
|
72.5
|
70.3
| | |
71.2
|
70.3
| |
(3.0)
|
(1.3)
|
|
Gold production
|
koz
|
14.3
|
13.8
|
13.4
|
11.8
|
8.6
|
6.8
|
13.9
|
13.8
|
9.9
|
9.7
|
11.9
|
11.8
|
8.4
|
10.4
|
13.0
|
14.7
|
11.6
|
14.3
|
13.8
|
15.0
|
12.1
| | |
11.6
|
12.1
| |
(19.3)
|
4.3
|
|
Gold sales
|
koz
|
12.9
|
12.9
|
11.1
|
14.2
|
6.4
|
8.8
|
12.8
|
14.3
|
9.8
|
10.8
|
9.3
|
12.4
|
6.8
|
10.3
|
12.5
|
14.2
|
11.3
|
13.8
|
9.8
|
17.6
|
10.5
| | |
11.3
|
10.5
| |
(40.3)
|
(7.1)
|
|
Cash costs before by-product credits
|
$/lb
|
1.46
|
1.56
|
1.60
|
1.74
|
1.98
|
2.06
|
1.75
|
1.73
|
2.17
|
1.94
|
1.88
|
1.79
|
2.19
|
2.14
|
2.07
|
1.99
|
2.30
|
2.19
|
2.20
|
2.17
|
2.61
| | |
2.30
|
2.61
| |
20.3
|
13.5
|
|
Net cash costs
|
$/lb
|
0.84
|
0.81
|
0.81
|
1.12
|
1.27
|
1.37
|
1.19
|
0.78
|
0.84
|
1.45
|
0.95
|
1.27
|
1.14
|
1.26
|
1.36
|
1.24
|
1.36
|
0.71
|
0.59
|
0.66
|
0.72
| | |
1.36
|
0.72
| |
9.1
|
(47.1)
|
|
CENTINELA
| |
Quarter
| | | | | | | | | | | | | | | | | | | | | | |
YTD
| | |
% Change
|
| | |
2021
| | | |
2022
| | | |
2023
| | | |
2024
| | | |
2025
| | | |
2026
| | |
2025
|
2026
| |
Q1 26 vs Q4 25
|
YTD 26 vs YTD 25
|
| | |
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
| | |
YTD
|
YTD
|
|
CONCENTRATES
|
|
Daily ore throughput
|
kt
|
106.4
|
102.9
|
100.3
|
110.8
|
104.0
|
110.6
|
105.1
|
115.9
|
103.2
|
105.1
|
109.5
|
111.7
|
90.1
|
101.0
|
105.9
|
117.2
|
100.6
|
106.0
|
107.7
|
113.8
|
97.5
| | |
100.6
|
97.5
| |
(14.3)
|
(3.1)
|
|
Copper grade
|
%
|
0.60
|
0.59
|
0.62
|
0.59
|
0.44
|
0.45
|
0.52
|
0.54
|
0.51
|
0.48
|
0.53
|
0.55
|
0.35
|
0.32
|
0.42
|
0.53
|
0.51
|
0.58
|
0.56
|
0.58
|
0.50
| | |
0.51
|
0.50
| |
(13.8)
|
(2.0)
|
|
Copper recovery
|
%
|
84.2
|
85.2
|
84.9
|
84.9
|
81.4
|
78.8
|
79.7
|
81.7
|
83.3
|
82.5
|
82.8
|
84.1
|
81.5
|
75.4
|
79.1
|
83.2
|
81.4
|
83.4
|
84.9
|
83.4
|
83.1
| | |
81.4
|
83.1
| |
(0.4)
|
2.1
|
|
Copper production
|
kt
|
45.3
|
45.1
|
47.6
|
47.4
|
32.9
|
33.3
|
37.6
|
45.5
|
38.2
|
36.0
|
42.8
|
45.7
|
23
|
20.6
|
31.6
|
46.6
|
35.9
|
44.5
|
45.1
|
48.8
|
35.7
| | |
35.9
|
35.7
| |
(26.8)
|
(0.6)
|
|
Copper sales
|
kt
|
45.1
|
35.7
|
56.3
|
50.6
|
22.5
|
42.0
|
39.0
|
45.1
|
41.0
|
30.5
|
43.1
|
52.3
|
15.3
|
25.0
|
29.5
|
44.8
|
41.9
|
39.3
|
44.4
|
53.0
|
31.4
| | |
41.9
|
31.4
| |
(40.8)
|
(25.1)
|
|
Molybdenum grade
|
%
|
0.010
|
0.009
|
0.008
|
0.010
|
0.013
|
0.013
|
0.012
|
0.014
|
0.016
|
0.013
|
0.011
|
0.011
|
0.011
|
0.010
|
0.011
|
0.014
|
0.017
|
0.019
|
0.016
|
0.013
|
0.016
| | |
0.017
|
0.016
| |
23.1
|
(5.9)
|
|
Molybdenum recovery
|
%
|
39.5
|
53.8
|
43.8
|
46.2
|
59.7
|
61.7
|
58.1
|
49.3
|
71.0
|
68.6
|
67.7
|
58.4
|
67
|
68.7
|
64.2
|
62.7
|
67.2
|
64.2
|
57.0
|
52.3
|
81.8
| | |
67.2
|
81.8
| |
56.4
|
21.7
|
|
Molybdenum production
|
kt
|
0.4
|
0.3
|
0.2
|
0.4
|
0.6
|
0.6
|
0.5
|
0.7
|
0.8
|
0.7
|
0.8
|
0.6
|
0.5
|
0.5
|
0.6
|
0.7
|
0.8
|
0.9
|
0.9
|
0.7
|
0.7
| | |
0.8
|
0.7
| |
-
|
(12.5)
|
|
Molybdenum sales
|
kt
|
0.4
|
0.3
|
0.2
|
0.2
|
0.4
|
0.7
|
0.7
|
0.6
|
0.8
|
0.7
|
0.9
|
0.6
|
0.5
|
0.5
|
0.6
|
0.7
|
0.7
|
1.0
|
1.1
|
0.7
|
0.7
| | |
0.7
|
0.7
| |
-
|
-
|
|
Gold grade
|
g/t
|
0.22
|
0.23
|
0.26
|
0.25
|
0.15
|
0.15
|
0.17
|
0.19
|
0.17
|
0.18
|
0.22
|
0.26
|
0.14
|
0.14
|
0.19
|
0.23
|
0.17
|
0.17
|
0.19
|
0.23
|
0.19
| | |
0.17
|
0.19
| |
(17.4)
|
11.8
|
|
Gold recovery
|
%
|
71.9
|
72.8
|
69.1
|
70.4
|
66.7
|
64.0
|
64.0
|
65.5
|
65.1
|
66.8
|
67.2
|
66.8
|
64.4
|
61.9
|
67.5
|
69.4
|
66.8
|
68.0
|
67.5
|
67.2
|
64.7
| | |
66.8
|
64.7
| |
(3.7)
|
(3.1)
|
|
Gold production
|
koz
|
44.9
|
47.6
|
53.4
|
53.1
|
29.8
|
28.6
|
33.0
|
42.3
|
32.3
|
34.4
|
45.5
|
53.6
|
24.9
|
23.1
|
38.8
|
53.5
|
31.3
|
34.0
|
40.0
|
51.2
|
34.5
| | |
31.3
|
34.5
| |
(32.6)
|
10.2
|
|
Gold sales
|
koz
|
42.6
|
35.4
|
61.4
|
54.2
|
22.2
|
36.1
|
34.1
|
39.9
|
33.5
|
24.9
|
45.4
|
59.0
|
16.4
|
27.4
|
34.9
|
54.5
|
37.2
|
31.2
|
35.9
|
54.7
|
29.6
| | |
37.2
|
29.6
| |
(45.9)
|
(20.4)
|
|
CATHODES
|
|
Daily ore throughput
|
kt
|
56.9
|
55.7
|
60.7
|
57.8
|
55.4
|
57.3
|
55.0
|
52.5
|
49.4
|
53.5
|
65.6
|
64.3
|
54.7
|
60.2
|
64.0
|
61.4
|
57.8
|
52.3
|
54.8
|
50.1
|
59.8
| | |
57.8
|
59.8
| |
19.4
|
3.5
|
|
Copper grade
|
%
|
0.59
|
0.62
|
0.61
|
0.64
|
0.65
|
0.62
|
0.73
|
0.76
|
0.56
|
0.50
|
0.51
|
0.56
|
0.6
|
0.67
|
0.63
|
0.65
|
0.50
|
0.45
|
0.43
|
0.44
|
0.46
| | |
0.50
|
0.46
| |
4.5
|
(8.0)
|
|
Copper recovery
|
%
|
66.4
|
63.7
|
64.9
|
67.4
|
67.8
|
64.5
|
64.0
|
68.5
|
69.2
|
63.2
|
64.0
|
71.0
|
71.6
|
72.8
|
70.2
|
71.2
|
70.6
|
71.8
|
67.2
|
62.4
|
61.9
| | |
70.6
|
61.9
| |
(0.8)
|
(12.3)
|
|
Copper production - heap leach
|
kt
|
20.4
|
19.3
|
22.2
|
23.3
|
22.1
|
21.3
|
23.8
|
27.0
|
18.2
|
14.7
|
20.2
|
22.5
|
21.3
|
27.1
|
25.6
|
26.0
|
19.1
|
15.4
|
15.3
|
13.6
|
12.5
| | |
19.1
|
12.5
| |
(8.1)
|
(34.6)
|
|
Copper production - total
|
kt
|
21.5
|
20.2
|
23.2
|
24.0
|
22.9
|
22.2
|
24.9
|
28.2
|
19.5
|
15.5
|
21.1
|
23.2
|
22
|
27.4
|
26.1
|
26.5
|
19.8
|
16.1
|
16.0
|
14.3
|
13.0
| | |
19.8
|
13.0
| |
(9.1)
|
(34.3)
|
|
Copper sales
|
kt
|
21.8
|
16.8
|
25.0
|
24.8
|
22.6
|
20.0
|
26.7
|
28.2
|
21.5
|
15.6
|
20.9
|
23.1
|
21.2
|
25.9
|
27.7
|
23.1
|
24.7
|
16.0
|
14.6
|
16.5
|
12.6
| | |
24.7
|
12.6
| |
(23.6)
|
(49.0)
|
|
Total copper production
|
kt
|
66.8
|
65.2
|
70.7
|
71.4
|
55.8
|
55.6
|
62.5
|
73.7
|
57.7
|
51.5
|
63.8
|
68.9
|
45
|
48.0
|
57.7
|
73.1
|
55.6
|
60.6
|
61.1
|
63.1
|
48.7
| | |
55.6
|
48.7
| |
(22.8)
|
(12.4)
|
|
Cash costs before by-product credits
|
$/lb
|
1.78
|
1.82
|
1.86
|
2.00
|
2.70
|
2.66
|
2.47
|
2.04
|
2.66
|
3.01
|
2.54
|
2.19
|
3.23
|
3.38
|
2.48
|
1.80
|
2.31
|
2.11
|
2.29
|
2.35
|
2.73
| | |
2.31
|
2.73
| |
16.2
|
18.2
|
|
Net cash costs
|
$/lb
|
1.12
|
1.04
|
1.14
|
1.23
|
1.93
|
2.03
|
1.92
|
1.24
|
1.60
|
2.19
|
1.55
|
1.30
|
2.39
|
2.57
|
1.40
|
0.64
|
1.18
|
0.84
|
0.66
|
0.36
|
0.34
| | |
1.18
|
0.34
| |
(5.6)
|
(71.2)
|
|
ANTUCOYA
| |
Quarter
| | | | | | | | | | | | | | | | | | | | | | |
YTD
| | |
% Change
|
| | |
2021
| | | |
2022
| | | |
2023
| | | |
2024
| | | |
2025
| | | |
2026
| | |
2025
|
2026
| |
Q1 26 vs Q4 25
|
YTD 26 vs YTD 25
|
| | |
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
| | |
YTD
|
YTD
|
|
Daily ore throughput
|
kt
|
80.6
|
87.3
|
82.9
|
91.1
|
82.2
|
92.1
|
89.8
|
93.4
|
84.8
|
94.7
|
81.5
|
93.5
|
90.5
|
99.9
|
85.2
|
95.3
|
92.5
|
93.2
|
91.9
|
100.9
|
94.4
| | |
92.5
|
94.4
| |
(6.4)
|
2.1
|
|
Copper grade
|
%
|
0.35
|
0.34
|
0.33
|
0.35
|
0.31
|
0.32
|
0.36
|
0.35
|
0.33
|
0.33
|
0.34
|
0.34
|
0.33
|
0.32
|
0.32
|
0.31
|
0.31
|
0.31
|
0.30
|
0.35
|
0.31
| | |
0.31
|
0.31
| |
(11.4)
|
-
|
|
Copper recovery
|
%
|
69.1
|
67.9
|
67.9
|
71.3
|
69.4
|
68.6
|
69.4
|
68.7
|
66.8
|
68.0
|
67.8
|
68.9
|
66.2
|
69.4
|
70.2
|
71.8
|
71.9
|
70.8
|
70.2
|
69.8
|
68.0
| | |
71.9
|
68.0
| |
(2.6)
|
(5.4)
|
|
Copper production
|
kt
|
20.2
|
19.2
|
18.3
|
20.9
|
17.4
|
18.9
|
21.0
|
21.8
|
18.8
|
19.1
|
18.3
|
21.6
|
19.6
|
20.7
|
19.3
|
20.8
|
20.2
|
19.3
|
18.6
|
23.0
|
19.6
| | |
20.2
|
19.6
| |
(14.8)
|
(3.0)
|
|
Copper sales
|
kt
|
22.9
|
17.2
|
20.3
|
19.9
|
17.4
|
19.7
|
21.1
|
22.6
|
19.1
|
18.3
|
15.7
|
25.3
|
19.2
|
19.2
|
21.3
|
19.5
|
20.8
|
18.6
|
17.4
|
23.8
|
19.5
| | |
20.8
|
19.5
| |
(18.1)
|
(6.3)
|
|
Cash costs
|
$/lb
|
1.96
|
2.12
|
2.06
|
2.02
|
2.40
|
2.59
|
2.40
|
2.58
|
2.80
|
2.64
|
2.65
|
2.44
|
2.61
|
2.55
|
2.74
|
2.23
|
2.47
|
2.70
|
3.05
|
3.04
|
3.03
| | |
2.47
|
3.03
| |
(0.3)
|
22.7
|
|
ZALDÍVAR
| |
Quarter
| | | | | | | | | | | | | | | | | | | | | | |
YTD
| | |
% Change
|
| | |
2021
| | | |
2022
| | | |
2023
| | | |
2024
| | | |
2025
| | | |
2026
| | |
2025
|
2026
| |
Q1 26 vs Q4 25
|
YTD 26 vs YTD 25
|
| | |
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
| | |
YTD
|
YTD
|
|
Daily ore throughput
|
kt
|
42.2
|
38.6
|
48.0
|
48.6
|
39.5
|
39.0
|
44.3
|
38.6
|
33.6
|
31.7
|
36.5
|
38.1
|
35.2
|
40.7
|
42.4
|
51.5
|
40.7
|
32.0
|
39.3
|
46.9
|
29.1
| | |
40.7
|
29.1
| |
(38.0)
|
(28.5)
|
|
Copper grade
|
%
|
0.88
|
0.66
|
0.65
|
0.77
|
0.84
|
0.78
|
0.77
|
0.76
|
0.70
|
0.80
|
0.82
|
0.82
|
0.78
|
0.63
|
0.64
|
0.64
|
0.59
|
0.67
|
0.62
|
0.81
|
0.74
| | |
0.59
|
0.74
| |
(8.6)
|
25.4
|
|
Copper recovery
|
%
|
48.8
|
50.3
|
52.9
|
53.5
|
56.4
|
54.2
|
49.6
|
59.6
|
60.6
|
62.0
|
57.7
|
52.1
|
56.1
|
56.9
|
58.7
|
57.4
|
54.4
|
53.6
|
55.4
|
53.5
|
58.1
| | |
54.4
|
58.1
| |
8.6
|
6.8
|
|
Copper production - heap leach
|
kt
|
9.0
|
6.2
|
7.7
|
9.1
|
8.2
|
7.6
|
7.8
|
8.3
|
7.0
|
6.8
|
7.2
|
7.5
|
7.0
|
6.2
|
6.7
|
7.9
|
6.0
|
4.3
|
6.5
|
8.9
|
6.1
| | |
6.0
|
6.1
| |
(31.5)
|
1.7
|
|
Copper production - total
|
kt
|
11.1
|
9.6
|
11.0
|
12.4
|
11.5
|
11.0
|
10.6
|
11.3
|
10.0
|
9.8
|
10.4
|
10.3
|
9.5
|
9.4
|
10.0
|
11.2
|
9.0
|
7.0
|
9.0
|
11.7
|
8.3
| | |
9.0
|
8.3
| |
(29.1)
|
(7.8)
|
|
Copper sales
|
kt
|
12.4
|
8.7
|
11.6
|
12.0
|
11.6
|
11.1
|
10.8
|
10.9
|
10.6
|
9.7
|
9.7
|
11.9
|
9.3
|
8.6
|
9.7
|
10.8
|
9.8
|
7.4
|
7.6
|
12.6
|
8.3
| | |
9.8
|
8.3
| |
(34.1)
|
(15.3)
|
|
Cash costs
|
$/lb
|
2.30
|
2.65
|
2.34
|
2.31
|
2.10
|
2.18
|
2.55
|
2.75
|
2.89
|
3.03
|
2.98
|
2.91
|
2.97
|
2.97
|
3.05
|
3.09
|
3.09
|
3.38
|
3.74
|
3.53
|
3.61
| | |
3.09
|
3.61
| |
2.3
|
16.8
|
|
TRANSPORT
| |
Quarter
| | | | | | | | | | | | | | | | | | | | | | |
YTD
| | |
% Change
|
| | |
2021
| | | |
2022
| | | |
2023
| | | |
2024
| | | |
2025
| | | |
2026
| | |
2025
|
2026
| |
Q1 26 vs Q4 25
|
YTD 26 vs YTD 25
|
| | |
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
| | |
YTD
|
YTD
|
|
Rail
|
kt
|
1,216
|
1,297
|
1,370
|
1,338
|
1,310
|
1,398
|
1,310
|
1,350
|
1,309
|
1,365
|
1,374
|
1,333
|
1,346
|
1,421
|
1,396
|
1,450
|
1,213
|
1,205
|
1,261
|
1,333
|
1,069
| | |
1,213
|
1,069
| |
(19.8)
|
(11.9)
|
|
Road
|
kt
|
309
|
369
|
381
|
422
|
410
|
451
|
418
|
461
|
442
|
436
|
453
|
398
|
376
|
362
|
396
|
360
|
344
|
376
|
329
|
346
|
251
| | |
344
|
251
| |
(27.5)
|
(27.0)
|
|
Total tonnage transported
|
kt
|
1,526
|
1,666
|
1,751
|
1,760
|
1,720
|
1,849
|
1,728
|
1,811
|
1,751
|
1,800
|
1,828
|
1,731
|
1,722
|
1,783
|
1,792
|
1,810
|
1,557
|
1,582
|
1,590
|
1,679
|
1,320
| | |
1,557
|
1,320
| |
(21.4)
|
(15.2)
|
|
COMMODITY PRICES AND EXCHANGE RATES
| |
Quarter
| | | | | | | | | | | | | | | | | | | | | | |
YTD
| | |
% Change
|
| | |
2021
| | | |
2022
| | | |
2023
| | | |
2024
| | | |
2025
| | | |
2026
| | |
2025
|
2026
| |
Q1 26 vs Q4 25
|
YTD 26 vs YTD 25
|
| | |
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
|
Q2
|
Q3
|
Q4
|
Q1
| | |
YTD
|
YTD
|
|
Copper
|
|
Market price
|
$/lb
|
3.85
|
4.40
|
4.25
|
4.40
|
4.53
|
4.32
|
3.51
|
3.63
|
4.05
|
3.85
|
3.79
|
3.70
|
3.83
|
4.42
|
4.18
|
4.17
|
4.24
|
4.32
|
4.44
|
5.03
|
5.83
| | |
4.24
|
5.83
| |
15.9
|
37.5
|
|
Realised price
|
$/lb
|
4.26
|
4.59
|
3.99
|
4.65
|
5.05
|
3.42
|
3.28
|
3.97
|
4.48
|
3.49
|
3.77
|
3.84
|
3.97
|
4.69
|
4.30
|
3.75
|
4.69
|
4.40
|
4.60
|
5.78
|
5.83
| | |
4.69
|
5.83
| |
0.9
|
24.3
|
|
Gold
|
|
Market price
|
$/oz
|
1,800
|
1,815
|
1,790
|
1,795
|
1,877
|
1,873
|
1,730
|
1,728
|
1,890
|
1,976
|
1,929
|
1,974
|
2,070
|
2,338
|
2,474
|
2,664
|
2,859
|
3,281
|
3,454
|
4,145
|
4,875
| | |
2,859
|
4,875
| |
17.6
|
70.5
|
|
Realised price
|
$/oz
|
1,708
|
1,855
|
1,781
|
1,812
|
2,021
|
1,821
|
1,633
|
1,813
|
2,029
|
1,941
|
1,898
|
2,060
|
2,176
|
2,399
|
2,600
|
2,669
|
3,098
|
3,442
|
3,705
|
4,363
|
5,264
| | |
3,098
|
5,264
| |
20.7
|
69.9
|
|
Molybdenum
|
|
Market price
|
$/lb
|
11.3
|
14.2
|
19.0
|
18.9
|
19.1
|
18.4
|
16.1
|
21.4
|
32.8
|
20.9
|
23.75
|
18.6
|
19.9
|
21.8
|
21.8
|
21.7
|
20.5
|
20.7
|
24.4
|
22.9
|
25.7
| | |
20.5
|
25.7
| |
12.2
|
25.4
|
|
Realised price
|
$/lb
|
13.3
|
19.2
|
20.2
|
18.1
|
19.9
|
16.4
|
16.0
|
28.9
|
37.0
|
12.7
|
25.3
|
13.1
|
21.1
|
24.9
|
19.7
|
21.5
|
19.3
|
22.1
|
28.0
|
18.3
|
31.0
| | |
19.3
|
31.0
| |
69.4
|
60.6
|
|
Exchange rates
|
|
Chilean peso
|
per $
|
724
|
716
|
773
|
826
|
808
|
843
|
927
|
913
|
810
|
801
|
853
|
896
|
947
|
934
|
931
|
963
|
963
|
947
|
960
|
935
|
886
| | |
963
|
886
| |
(5.2)
|
(8.0)
|