ANFGF - Antofagasta: Still A Good Copper Pick But Wait For A Correction

2024-07-01 10:30:00 ET

Summary

• Antofagasta remains a strong copper company with long mine lives, focusing on operational excellence rather than exploration.
• In 2023, Antofagasta saw a 2% increase in copper production, generating over half a billion dollars from byproducts.
• Antofagasta plans to invest over $6B in capital expenditures in 2024-2025 to increase production and ramp up towards 900,000 tonnes per year.

Introduction

Antofagasta ( OTC:ANFGF ) remains one of the better copper companies to have exposure to in order to benefit from an anticipated strong copper price, as it has sizeable operations focusing on that specific base metal. Most of the company's assets have long mine lives which means the company can focus on operational excellence rather than exploration to increase the mine life....

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