/KASE, January 24, 2019/ – KAZ Minerals PLC (London), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided the KASE with press
release, which states as follows:
quote
Full year copper production increased by 14% to 294.7 kt (FY 2017: 258.5 kt)
▪ Copper production1 at upper end of 270-300 kt guidance, mainly due to strong
performance from Aktogay
▪ Q4 copper production1 of 77.9 kt (Q3 2018: 77.2 kt), driven by Bozshakol and
Aktogay
▪ Full year gold production2 of 183.4 koz, above guidance range of 160-175 koz
(2017: 178.7 koz) ⚫ Bozshakol
▪ Copper production2 increased by 6% to 26.6 kt in Q4 (Q3 2018: 25.2 kt) due to
higher grades and recoveries
▪ Full year copper output of 101.6 kt (2017: 101.3 kt), in upper half of
guidance range of 95-105 kt ▪ Q4 gold production2 of 34.1 koz, 9% above
previous quarter due to improved recoveries and favourable grades
▪ Full year gold output of 127.8 koz, ahead of 115-125 koz guidance ⚫ Aktogay ▪
Q4 copper production1 increased by 3% to 36.0 kt (Q3 2018: 34.9 kt) supported
by strong average sulphide grade of 0.63%
▪ Full year copper production1 of 131.4 kt (2017: 90.2 kt), exceeded guidance of
110-130 kt
▪ Oxide production of 6.8 kt in Q4 and 25.7 kt for the full year, above 20-25 kt
guidance ⚫ East Region and Bozymchak
▪ Q4 copper production2 11% lower at 15.3 kt (Q3 2018: 17.1 kt) after stockpiled
ore was processed in Q3
▪ Full year copper production2 of 61.7 kt (2017: 67.0 kt) against full year
guidance of approximately 65 kt
▪ Strong full year gold (55.0 koz) and silver (2,356 koz) production2 , 10% and
18% ahead of guidance, respectively
▪ Low grades continue to impact zinc production as indicated in Q3 production
report, with full year output of 49.7 kt, below original guidance of c.60 kt
unquote
Full version of the press release is posted on the KASE website:
-
http://kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_240119_1.pdf – in
Russian;
-
http://kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_240119_en.pdf – in
English.
[2019-01-24]