Half Year 2019 Antofagasta PLC Earnings Call (Q&A) Transcript
Good day, and welcome to the Antofagasta Half Year Results 2019 Conference Call. This call is being recorded.
At this time, I would like to turn the conference over to Mr. Iván Arriagada, CEO of Antofagasta. Please go ahead, sir.
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Thank you. Thank you for joining our call. I'm here in Santiago and Alfredo Atucha, our CFO, is here with me.
Before we open the line for questions, I would like to give you a brief recap of our results. Firstly, I would say, we think we delivered a solid set of results. We had a first half, which is good record copper production, which increased by 22% to 387,000 tonnes. And this improved production performance has been essentially driven by better performance at our plants, especially Pelambres and Centinela, over the past 6 months and higher grades at Centinela.
Costs were down significantly. We had a unit cost of $1.19 per pound. That's $0.33 lower than the same period last year. And I think this is the result of higher production but also
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