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The company has revealed new figures showing that net earnings fell 70.3 per cent during the opening six months of the year, dropping from $792.8 million (£489.5 million) in 2008 to $235.7 million.
Earnings per share, fell by the same figure to 23.9c, something that may interest those trading Antofagasta shares on the stock market.
A fall in copper output and lower metals prices resulted in revenue sliding 51 per cent and chief executive officer Marcelo Awad admitted the company has an "uncertain" outlook for the remainder of the year.
Despite this, he said that Antofagasta's financial position remains "strong", adding that operating costs were reduced in the first half and copper production is increasing ahead of budget.
Antofagasta shares were up 0.8 per cent during trading today (August 27th), climbing to 758p at 13:55 BST.
