Director dealings: Kaz Minerals director picks up shares

Kaz Minerals revealed on Friday that independent non-executive director Lynda Armstrong had acquired 6,000 ordinary shares in the FTSE 250-listed industrial metals and mining group.

Mining

11,517.21

12:44 08/11/24

0.38%

43.09

Armstrong, who joined Kaz's board back in 2013, purchased the shares n Thursday at an average price of 398.03p each, for a total value of £7,960.60.

Back in August, Kaz said continued copper sales growth had partially offset lower commodity prices in the first half of 2019.

Earnings before interest, tax, depreciation and amortisation fell to $620m from $690 on flat revenues of $1.05m, although the company maintained full-year production guidance of 300 kilotonnes. Copper production for the period increased by 6% to 147.6 kt .

As of 1640 BST, Kaz shares had picked up 0.59% to 398.20p.

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