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Antofagasta posts strong Q2 earnings but cuts 2026 copper output due to mine shutdown.

Company Fundamentals
13 Aug 2026
Alex Lavoie
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Bearish
pluang ai news

Antofagasta reported strong Q2 earnings with revenue up 18% and EBITDA rising 27%, beating analyst estimates. The company posted earnings per share of $0.86 versus the expected $0.72 and revenue of $4.48 billion, slightly above forecasts. However, it lowered its 2026 copper production forecast to 625,000-655,000 tonnes from 650,000-700,000 tonnes due to a temporary shutdown at its Los Pelambres mine caused by extreme weather and heavy rain in Chile. This production cut follows a government-declared state of catastrophe in the region, temporarily halting mining operations.

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