SMM10, 26 Feb: copper producer KAZ Minerals Plc reported a 7 per cent increase in copper production to 77200 tons in the third quarter from 72300 tons in the previous quarter, while ore production for all assets increased. Gold production rose to 45100 ounces in the third quarter from 39900 ounces in the previous quarter. Looking ahead, the company said it was ready to meet its full-year copper production target of 27-300000 tonnes, while gold production is expected to reach the highest end of the 16-175000 oz guidance range.
Bozshakol mine
Copper production at the mine rose 10 per cent to 25200 tons in the third quarter from a month earlier (22900 tons in the second quarter of 2018), mainly due to higher ore throughput and improved processing technology in the third quarter.
Aktog a y
Copper production increased by 2 per cent to 34900 tons (34100 tons in the second quarter of 2018), mainly due to higher seasonal oxide production.
Eastern region and Bozymchak
The mine produced 17100 tons of copper in the third quarter (15300 tons in the second quarter of 2018) and is expected to produce about 65000 tons of gold under the guidance of 2018. Its gold production was 13800 ounces in the second quarter (13600 ounces in the second quarter).
Andrew Sonam (Andrew Southam), chief executive of the company, said: "in 2018, the group achieved steady growth, thanks to an increase in production of high-grade copper ore from its latest copper mine, Aktog ay, which was up 12 per cent from the same period in 2017." After the strong performance of KAZ Minerals assets in the third quarter, we are fully capable of meeting our full-year copper production targets and reaching the high end of our gold and silver guidelines.
(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)
![Platinum Prices Held Up Well Intraday, Spot Discounts Remained Basically Flat, and Overall Trading Was Sluggish [SMM Daily Review]](https://imgqn.smm.cn/usercenter/fNuSg20251217171735.jpg)