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The company said second-quarter copper production held broadly steady, declining 0.7% from the previous quarter.

Antofagasta offers a high-quality, water-secure, pure-play copper platform nearing the completion of a heavy reinvestment cycle. 2025 marks a financial inflection with EBITDA up 52% to $5.2B and margins expanding to 60.3%, despite peak capex and a slight production decline. Major projects—Centinela Second Concentrator and Los Pelambres Growth Enabling—are on track, underpinning visible copper production growth and…

Mining stocks powered higher on Wednesday morning, led by Atalaya Mining Copper (LSE:ATYM) and Antofagasta PLC (LSE:ANTO), as copper prices climbed almost 2% to new record highs.  Precious metals miners Hochschild Mining PLC (LSE:HOC), Fresnillo PLC (LSE:FRES) and Endeavour Mining PLC (LSE:EDV were also among the top risers, despite little moves from gold and silver prices on the day.

Citi has raised its target price on Antofagast PLC (LSE:ANTO) to £43 and kept a Buy rating, stating the miner remains the standout listed route for investors seeking pure-play copper exposure despite a valuation that already implies a strong long-term metal price. The bank's analysts noted that first-quarter copper output came in at only around 21% of the midpoint of Antofagasta's full-year guidance, but it don't…