Codelco eleva sus ganancias un 288% por precios del cobre

Codelco reportó un fuerte aumento en sus utilidades del primer trimestre, impulsado por precios más altos del cobre, pese a una caída en la producción propia.

La minera estatal chilena registró un alza de 288% en las ganancias antes de impuestos, que alcanzaron los US$825 millones. La ganancia consolidada subió 402% a US$306 millones, mientras que la atribuible a la compañía aumentó 380% a US$290 millones.

El Ebitda creció 59% hasta US$2.143 millones, debido principalmente al mayor precio del cobre y subproductos como el molibdeno. Los aportes al fisco totalizaron US$430 millones, un 94% más que en el mismo período de 2025.

La producción propia de cobre cayó 8,1% a 272 mil toneladas. El presidente ejecutivo Rubén Alvarado señaló que los resultados reflejan un trimestre exigente y que el foco está en la continuidad operacional y el control de costos.

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Codelco corrects figures and orders return of $14.3 million in bonuses

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An internal audit revealed that Codelco overestimated 2025 production by nearly 27,000 tons, forcing more than six thousand workers and executives to return $14.3 million in bonuses.

A total of 648 companies reported their 2025 financial results to the Comisión para el Mercado Financiero (CMF) on Tuesday, March 31, totaling profits of US$32.231 million, a 28.57% year-over-year increase. Codelco posted the highest earnings at US$2.422.4 million, boosted partly by its lithium business. Overall revenues reached US$373.920 million, with cash equivalents rising to US$49.667 million.

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Codelco announced that over 6,000 workers and executives from the Chuquicamata, Ministro Hales and headquarters divisions must repay US$14.3 million in bonuses due to an overstatement of copper production in 2025.

Máximo Pacheco, outgoing president of Codelco's board, delivered a 45-minute speech on Monday at the ordinary shareholders' meeting, rejecting government criticisms and stating that 'Codelco is not in crisis'. He addressed his successor, Bernardo Fontaine, appointed by President José Antonio Kast, and Mining and Economy Minister Daniel Mas. He insisted that the state-owned company remains 'Chile's best business'.

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The copper price reached US$6.20 per pound on Monday at the London Metal Exchange, driven by supply restrictions stemming from the conflict in Iran. The figure approaches the record of US$6.28 set in January 2026 and marks a 9.34% rise so far this year.

In its latest monthly update, Colombia's Banco de la República reported accumulated profits of $2.55 trillion through March 2026—a 43% drop from $4.43 trillion in March 2025. This continues a downward trend following February's 8.49% decline to $2.67 trillion (part of our ongoing Banco de la República Profits Reports series). Assets, equity, and reserves also fell.

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