CORPORATE PROFILE

Our production levels reached 1,328,425 tons of own copper and 1,441,886 tons of total copper (including our stake in El Abra, Anglo American Sur and Quebrada Blanca, which added 113,461 tons).

Direct costs (C1) reached 199.1 cents per pound (c/lb), down 2% compared to the same period of the previous year, due mainly to a favourable exchange rate and lower input costs.*

Meanwhile, the net cathode cost (C3) reached 328.4 c/lb, reflecting a 2% improvement compared to 2023. This is attributed to the same factors that led to the decrease in C1, although this was partially offset by higher non-operational expenditures related to collective bargaining and an increase in financial expenditure.

As of December 2024, our consolidated Ebitda (earnings before interest, taxes, depreciation and amortization, and before application of the copper reserve Law contribution) amounted to US$ 5.4 billion, 30% higher than 2023, when it reached US$ 4.1 billion. The variation is primarily attributed to a higher copper selling price and improved results from subsidiaries, although these gains were partially offset by increased non-operating expenses.