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Antofagasta shares fall 7% after production update; Peel Hunt flags softer 2027 outlook

Antofagasta PLC (LSE:ANTO) shares fell as much as 7% to an intraday low of 3,312p on Thursday after third-quarter copper production missed Peel Hunt's expectations and the miner issued softer-than-expected output guidance for 2027. The FTSE 100 copper producer reported quarterly output of 151,900 tonnes, up 7% from the second quarter but below Peel Hunt's estimate of 158,000 tonnes.

Proactive Investors • Oct 15, 2026
Antofagasta copper output rises 7% as miner sets 2027 guidance and lifts cost forecast

Antofagasta PLC (LSE:ANTO) reported a 7% quarter-on-quarter increase in copper production to 151,900 tonnes in the third quarter, driven by stronger output from Los Pelambres following disruption from severe weather in July. The FTSE 100 copper miner maintained its 2026 production guidance of 625,000 to 655,000 tonnes and introduced 2027 guidance of 630,000 to 690,000 tonnes, reflecting higher expected grades at Los…

Proactive Investors • Oct 15, 2026

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