Q1 Production Report 2015 and IMS

Kaz minerals PLC Production Report FOR THE FIRST QUARTER ENDED 31 MARCH 2015 AND INTERIM MANAGEMENT STATEMENT

  • Copper cathode production 19.1 kt
    • Underlying copper in concentrate output of 21.5 kt
    • On target to meet 2015 cathode production target of 80-85 kt
  • Strong zinc and silver output
    • Zinc in concentrate output of 25.1 kt (2015E 90-95 kt)
    • Silver granule output of 895 koz, benefiting from release of work in progress (2015E 2,250-2,500 koz)
  • Gold output of 6.4 koz (2015E 42-47 koz)
    • Gold in concentrate output of 10.7 koz, not all processed in the period
    • Bozymchak to continue ramp up over the remainder of 2015
  • Financial update
    • Copper cathode sales of 17.8 kt, slightly below production reflecting timing of deliveries over the period end
    • Net debt of $1,294 million at 31 March 2015

Oleg Novachuk, Chief Executive, said: “Our East Region operations have delivered a solid start to 2015, with efficient processing of materials. Copper production remains on track to achieve our guidance of 80-85 kt of cathode in 2015.” 

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