Codelco has reported a pre-tax profit of $790 million in 2024, rebounding from a $757 million loss in the previous year. The company’s output was recorded at 1.328 million metric tons.
Codelco, the largest copper producer globally, has announced a significant financial turnaround for 2024, reporting a pre-tax profit of $790 million. This marks a notable recovery from a loss of $757 million experienced in the previous fiscal year. The state-owned mining company also revealed that its copper output reached 1.328 million metric tons during this period, underscoring its operational stability and effectiveness.
In summary, Codelco’s transition from a loss to a profit in 2024 illustrates a strong recovery in its financial performance, bolstered by substantial copper production. This development is crucial for both the company and Chile’s economy, reflecting recovery amid challenges in the mining sector.
Original Source: money.usnews.com
