Q4 2024 Production Report

KAZ MINERALS PRODUCTION AND SALES REPORT FOR TWELVE MONTHS AND THE FOURTH QUARTER ENDED 31 DECEMBER 2024 

^1. Payable metal in concentrate and copper cathode from Aktogay oxide ore
^2. Payable metal in concentrate
^3. Payable metal in concentrate, toll processed metal and copper cathode from Aktogay oxide ore
^4. Payable metal in concentrate and toll processed metal

Highlights

• KAZ Minerals processed 96.5 Mt of ore in 2024, a 6% year-on-year increase and a record for the Group.
• Copper production for the year was 380 kt (2023: 403 kt) as the increase in ore throughput was offset by an expected reduction in grades processed, as the ore bodies mature.
• Production of gold, silver and zinc in 2024 reduced compared with the prior year as mining took place in areas with lower polymetallic content.
• Copper sales of 387 kt were 2% higher than production, benefiting from the sale of material held in transit at the beginning of the year.

Andrew Southam, Chief Executive Officer, said: “In 2024, KAZ Minerals set a new milestone by processing 96.5 Mt of ore, a record for the Group and a 6% increase versus 2023. The concentrators at Aktogay and Bozshakol continued to perform above design capacity, highlighting the Group’s commitment to operational excellence.”

For further information please contact:

REGISTERED OFFICE

Unit No: 3402, Platinum Tower, Plot No: JLT-PH1-I2, Jumeirah Lakes Towers, Dubai, United Arab Emirates

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT