ANTUCOYA
70% OWNED
Antucoya is approximately 1,400 km north of Santiago and 125 km north-east of the city of Antofagasta. Antucoya mines and leaches oxide ore to produce copper cathodes using the solvent extraction and electrowinning (SX-EW) process.
Visit the Antucoya website for more details
Safety performance
In 2025, Antucoya recorded another fatality-free year (2024: 0 fatalities). The lost time injury frequency rate (LTIFR) was 0.28 (2024: 1.39), and the total recordable injury frequency rate (TRIFR) was 0.98 (2024: 2.63)
Financial performance
EBITDA was $327.0 million, compared with $275.8 million in 2024, an increase of 19% reflecting higher realised prices for copper, partially offset by higher pre-credit cost.
Production
Copper production in the full year was 81,200 tonnes, 1% higher than the same period in 2024, with an improvement in ore throughput rates and recoveries during the year
Cash costs
Full-year 2025 costs were $2.82/lb, 11% higher year-on-year, reflecting labour agreement settlement costs and increased stripping activities.
Capital expenditure
Capital expenditure was $98.8 million (2024: $123.4 million), including $83.0 million on sustaining capital expenditure.
Production is forecast to be 85-90 kt of copper and cash costs are expected to be approximately $2.40-2.60/lb.
