/KASE, March 16, 2021/ – KAZ Minerals PLC (London), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated February 25, 2021:
quote
FINANCIAL HIGHLIGHTS
- Revenues increased by 4% to $2,355 million (2019: $2,266 million) as higher
commodity prices offset lower production and sales volumes
- Copper sales of 300 kt (2019: 317 kt) below production of 306 kt (2019:
311 kt) due to year end shipment delays at Kazakhstan-China border
- Gold sales of 205 koz (2019: 225 koz) above production of 196 koz (2019:
201 koz) following inventory release
- EBITDA1 of $1,431 million representing a margin of 61% (2019: $1,355
million, 60% margin)
- Operating profit increased by 9% to $1,005 million (2019: $923 million)
- Strong cash generation due to higher net cash flows from operating activities
of $807 million (2019: $512 million)
- First quartile net cash cost1 of 64 USc/lb (2019: 77 USc/lb) as the benefit of
a weaker tenge and strong by‑product revenues offset the impact of lower
sales volumes and additional costs for Covid-19
unquote
The full press release is available on KASE website –
https://kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_160321.pdf
[2021-03-16]