Central Asia Metals on track to reach full-year production guidance

Central Asia Metals

167.40p

14:44 08/11/24

-1.30%

-2.20p

Central Asia Metals updated the market on first-half operations for the Kounrad dump leach, solvent extraction and electro-winning (SX-EW) copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia on Wednesday, reporting that production was on track to meet full year guidance for copper, zinc and lead.

FTSE AIM 100

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14:45 08/11/24

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FTSE AIM 50

4,008.22

14:45 08/11/24

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14:45 08/11/24

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Mining

11,708.00

14:45 08/11/24

2.04%

233.88

The AIM-traded firm said that at Kounrad, 6,594 tonnes of copper was produced in the period.

At Sasa in the first half, 11,517 tonnes of zinc in concentrate was produced, while lead in concentrate production totalled 14,357 tonnes.

The company said cash in the bank as at 30 June stood at $30.2m, while gross debt on the same date totalled $126.4m.

“Today's update demonstrates another period of consistent delivery from our low cost Sasa and Kounrad operations, and we are pleased to be on track to meet our 2019 production guidance for all three base metals,” said Central Asia Metals chief executive officer Nigel Robinson.

“We look forward to reporting our first half financial results on 17 September.”