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KAZ MINERALS GROUP Production Report for six months and THE second QUARTER Ended 30 June 2018
- H1 2018 copper production1 increased 18% to 139.6 kt (H1 2017: 118.0 kt)
- Aktogay sulphide concentrator achieves design throughput capacity
- Operations on track to achieve 2018 production guidance for all metals
- Bozshakol H1 copper production28 kt (H1 2017: 52.0 kt)
- Average sulphide copper grade of 0.46% in Q2 (Q1 2018: 0.52%), in line with mine plan
- Clay plant achieved 95% of design throughput capacity in Q2 (Q1 2018: 65%)
- Strong H1 gold production2 of 62.3 koz (H1 2017: 62.9 koz)
- Aktogay H1 copper production1 increases 83% to 60.5 kt (H1 2017: 33.0 kt)
- Sulphide concentrator averaged 89% of design throughput capacity in Q2 compared to 66% in Q1, including a sustained period operating at 100% of design throughput capacity
- Cathode production from oxide ore of 11.5 kt in H1 (H1 2017: 10.4 kt)
- East Region and Bozymchak H1 copper production2 of 29.3 kt (H1 2017: 33.0 kt)
- Planned idling of Nikolayevsky concentrator reduced processing volumes in H1
- H1 gold2 (27.2 koz) and silver production2 (1,082 koz) represent good progress towards full year production targets
- Zinc in concentrate production of 24.9 kt in H1 (H1 2017: 32.3 kt), due to concentrator idling and extraction from lower grade sections
| Group production summary3 | 6m 2018 | 6m
2017 |
Q2 2018 | Q1 2018 | Q2 2017 | ||
|---|---|---|---|---|---|---|---|
| Copper production1 | kt | 139.6 | 118.0 | 72.3 | 67.3 | 65.9 | |
| Bozshakol | kt | 49.8 | 52.0 | 22.9 | 26.9 | 29.1 | |
| Aktogay | kt | 60.5 | 33.0 | 34.1 | 26.4 | 21.1 | |
| East Region & Bozymchak | kt | 29.3 | 33.0 | 15.3 | 14.0 | 15.7 | |
| Zinc in concentrate | kt | 24.9 | 32.3 | 10.7 | 14.2 | 16.8 | |
| Gold production2 | koz | 89.8 | 93.0 | 39.9 | 49.9 | 50.4 | |
| Silver production2 | koz | 1,637 | 1,756 | 785 | 852 | 961 |
- Payable metal in concentrate and copper cathode from Aktogay oxide ore.
- Payable metal in concentrate.
- See appendix for metal production by asset.
Andrew Southam, Chief Executive Officer, said: “In the first half of 2018 the Group delivered a strong operational performance, with the Aktogay sulphide concentrator achieving design throughput capacity for a sustained period. Higher throughput at Aktogay was the main driver of an 18% increase in copper production compared to the first half of 2017. The Group is on track to achieve its copper output target of 270-300 kt and by-product guidance in 2018.”