Kazakhstan: KAZ Minerals output down in Q1 2021
Time:Wed, 05 May 2021 08:51:48 +0800
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In January-March, KAZ Minerals decreased copper output by 3% YoY, to 72.4 thousand tons.
The company intends to produce 275-295 thousand tons of copper this year.
Gold manufacture decreased by 28%, to 39.9 thousand ounces, and silver – from 793 thousand ounces to 763 thousand ounces, while zinc grew from 9 thousand tons to 9.6 thousand tons.
The company net debt fell to $2410 million from $2610 million as of December 31, 2020.
