- Earnings rebound slightly from weaker 2022
- Dividend cut again, to 36¢ a share
Antofagasta (ANTO) has hit its turnaround point, although copper prices will need to stay high to allow the Chilean miner to fund its ambitious growth projects. The company reported a cash profit of $3.1bn (£2.5bn) for 2023, a 5 per cent increase on 2022, and will pay out 50 per cent of underlying earnings as a dividend, or 36¢ a share. Forecasts see earnings rebounding further next year, driven by a higher copper price again.