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.
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Financial performance
EBITDA was $275.8 million, compared with $206.9 million in 2023, an increase of 33% reflecting mainly higher realised prices for copper, higher realised prices for copper, higher sales volumes and lower unit costs.
Production
Full year 2024 production rose by 3% to 80,400 tonnes, which reflected a record year for ore tonnes processed, with higher recoveries offset by lower grades on a year-on-year basis.
Cash costs
Full year cash costs of $2.53/lb represented a 4% year-on-year decrease, representing higher production, lower unit costs for key consumables, and depreciation of the Chilean peso, with these factors mitigated by a higher level of mining activities during the period.
Capital expenditure
Capital expenditure was $123.4 million, including $80.3 million on sustaining capital expenditure.
Production is forecast to be 75–80,000 tonnes of copper and cash costs are expected to be approximately $2.50/lb.
