Antofagasta Results Presentation Deck
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2023 Guidance
Responsible and reliable copper producer
Group production
646 kt
2022
Guidance
670-710 kt
2023E
Production Growth
Increasing quarter by quarter. First
production from Los Pelambres
Expansion in Q2 2023
Net cash costs
Assumed CLP/USD exchange rate of 850
Includes by-product credits at a gold price of $1,750/oz and a molybdenum price of $18.0/lb
Cash flow. Excludes Zaldívar. Attributable Zaldívar capital expenditure was $55m in 2022
Cost and Competitiveness Programme
Tailings Storage Facility
$1.61/lb
Net cash costs
FY 2022
0.01
FX
0.03
Guidance
$1.65/lb
By-product Net cash costs
production 2023E
and price
Cost Control
Higher production, CCP 4 savings and
decreased input costs, offset by
inflation
Antofagasta plc | 2022 Full Year Results
Capital expenditure³
$1,880m
59
676
583
562
2022
Guidance
$1.9bn
2023E
b
ANTOFAGASTA PLC
Transport & corporate
Growth
Mine development
Sustaining (mining)
Capital Allocation
Includes major infrequent sustaining
projects (desalination expansion,
concentrate pipeline and TSF 5 expansion),
increased mine development and inflation
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