Anglo American increases copper production by 9%

Copper production increased by 9% to 160,300 tonnes, due to strong operational performance at both Los Bronces and Collahuasi.

Production from Los Bronces increased by 15% to 78,800 tonnes, with higher water availability resulting in a 63% increase in plant throughput, partially offset by planned lower grade (0.72% vs 0.98%).

At Collahuasi, attributable production increased by 8% to 71,600 tonnes, due to a sustained increase in plant performance resulting in higher throughput and recoveries as well as planned higher ore grade (1.26% vs 1.20%).

Production from El Soldado decreased by 17% to 9,900 tonnes as a result of planned lower ore grade (0.70% vs 1.02%).

The average realised price of 421 c/lb includes 168,979 tonnes of copper provisionally priced on 31 March at an average of 399 c/lb.

FULL YEAR GUIDANCE

Production guidance is unchanged at 640,000-680,000 tonnes, subject to the extent of further Covid-19 related-disruption.