Proactive Investors
15 Oct 2026, 07:52 UTC · 1h ago
Antofagasta shares fall 7% after production update; Peel Hunt flags softer 2027 outlook
Impact · against what's priced in
Antofagasta faces immediate margin compression and long-term production downgrades, making its 2026 guidance look optimistic. Rio Tinto is reacting to broader sector sentiment or peer production misses, though the direct impact is less specific than for ANTO.
- ANTO−0.70
No priced-in read yet
- In context
Q3 production missed expectations at 151,900 tonnes, while 2027 guidance (630k-690k tonnes) is significantly below broker forecasts of 710k tonnes. Additionally, cash costs of $1.35/lb exceed expectations of $1.26/lb due to wage settlements.
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