financetom
Business
financetom
/
Business
/
Chile's Codelco 9-month pre-tax profit at $607 mln, posts higher production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chile's Codelco 9-month pre-tax profit at $607 mln, posts higher production
Nov 4, 2025 6:04 AM

SANTIAGO, Nov 4 (Reuters) - Chile's Codelco,

the world's largest copper producer, on Tuesday posted a pre-tax

profit of $606.9 million in the nine months to September,

slightly below the $612.2 million reported in the same period

last year.

The state-owned miner said its own output totaled 937,000

metric tons, up 2.1% from the same period last year.

The production increase was achieved despite an accident on

July 31 at its flagship El Teniente mine - Codelco's most

profitable operation - which forced a temporary halt to mining

and smelting.

"This unfortunate accident impacted the production

results achieved at the end of the second quarter of this year,"

the company said in a statement.

CEO Ruben Alvarado said that Codelco expects to have

more conclusive information about the accident by the end of the

year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Symbotic Expected to Drive Revenue, EBITDA Growth For Next Several Years, Deutsche Bank Says
Symbotic Expected to Drive Revenue, EBITDA Growth For Next Several Years, Deutsche Bank Says
Jul 18, 2025
10:29 AM EDT, 07/18/2025 (MT Newswires) -- Symbotic ( SYM ) is expected to drive growth in revenue and adjusted earnings before interest, taxes, depreciation, and amortization for the next several years, Deutsche Bank said in a Friday note. Deutsche Bank analysts said they expect over 25% annual revenue growth through 2027, and that they remain attracted to the automation...
MetroCity Bankshares Shares Rise After Q2 Beat
MetroCity Bankshares Shares Rise After Q2 Beat
Jul 18, 2025
10:29 AM EDT, 07/18/2025 (MT Newswires) -- MetroCity Bankshares ( MCBS ) shares were up 1.1% in recent trading on Friday after the company posted second-quarter earnings and revenue that exceeded analyst expectations. The company reported earnings of $0.65 per diluted share, down from $0.66 a year earlier. An analyst polled by FactSet expected $0.63. Revenue for the quarter ended...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Microsoft Likely to Deliver Solid Fiscal Q4 Results, Deutsche Bank Says
Microsoft Likely to Deliver Solid Fiscal Q4 Results, Deutsche Bank Says
Jul 18, 2025
10:31 AM EDT, 07/18/2025 (MT Newswires) -- Microsoft ( MSFT ) will likely deliver strong fiscal Q4 results on July 30 after reporting better-than-expected fiscal Q3 Azure results in April, Deutsche Bank said in a note Friday. The catalysts for the company's revenue outperformance will be a not overly demanding Azure setup, more resilient PC shipments, rebounding sentiment and activity...
Copyright 2023-2026 - www.financetom.com All Rights Reserved