EL7.AI
StocksMedium•15 October 2026•
1 min read

Antofagasta Copper Output Rises 7% in Q3 as 2027 Guidance Introduced

Key Facts

1Antofagasta reported a 7% quarter-on-quarter increase in copper production to 151,900 tonnes in the third quarter.
2The company maintained its 2026 production guidance of 625,000 to 655,000 tonnes and introduced 2027 guidance.

Antofagasta reported a 7% quarter-on-quarter increase in copper production to 151,900 tonnes in the third quarter. Proactive Investors reported that the production increase was driven by stronger output from the Los Pelambres mine following previous weather-related disruptions. The company maintained its 2026 production guidance of 625,000 to 655,000 tonnes and introduced new guidance for 2027 set between 630,000 and 690,000 tonnes.

ANFGF closed at $47.71 on October 14, 2026, with the stock trading between a low of $46.75 and a high of $48.16 during that session. While quarterly output improved, the company raised its 2026 cash cost guidance before by-product credits to $2.60-$2.70 per pound due to elevated global diesel prices. Total production for the first nine months of the year reached 436,900 tonnes, reflecting lower grades at certain operations earlier in the period.