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Frank Prenesti Sharecast News
24 Jan, 2019 08:22

Kaz Minerals FY copper production comes in at top end

KAZ Minerals

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16:40 10/05/21
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Copper miner KAZ Minerals reported fourth quarter copper production of 77.9 kt up from 2017's 65.2 kt, making full-year output 294.7 kt, an increase of 14% year on year and at the upper end of its guidance range of 270 kt - 300 kt.

FTSE 250

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17:09 12/11/24
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Mining

10,689.43

17:09 12/11/24
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Full-year gold production increased to 183.4 koz, up from last year's 178.7 koz, while silver production rose to 3,511 kt from 3,506 kt a year ago.

Chief executive Andrew Southam said about 45% of copper production came from the Aktogay mine, commissioned in 2017, which ramped up to produce 131.4 kt of copper, an increase of 46% compared to the prior year.

"I am particularly proud that 2018 marks the tenth consecutive year in which the group has achieved its annual copper production guidance, a period which includes the successful ramp up of our two major growth projects in Kazakhstan, Bozshakol and Aktogay," he said.

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