The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCentral Asia Metals Share News (CAML)

Share Price Information for Central Asia Metals (CAML)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 221.50
Bid: 220.00
Ask: 221.50
Change: 3.00 (1.37%)
Spread: 1.50 (0.682%)
Open: 218.50
High: 221.50
Low: 218.00
Prev. Close: 218.50
CAML Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Central Asia Metals on track after decent third quarter

Tue, 10th Oct 2023 11:48

(Sharecast News) - Central Asia Metals reported encouraging operational outcomes from its third quarter operations at the Kounrad dump leach, solvent extraction, and electro-winning (SX-EW) copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia on Tuesday.

The AIM-traded firm said Kounrad's copper production for the quarter was 3,661 tonnes, cumulating a nine-month output of 10,377 tonnes, while copper sales totalled 3,903 tonnes.

Progress was noted in developing a 4.77MW solar farm during the quarter.

The physical installation had reached a substantial completion status, with the commissioning of the facility expected to kick off before the end of October.

Projections indicated that the solar farm would cater to around 10% of the daily power requirement during the impending winter.

At the Sasa mine, the third quarter saw 199,085 tonnes of ore mined and 199,427 tonnes processed, totalling 595,319 tonnes mined and 596,099 tonnes processed over nine months.

Average head grades hovered around 3.04% for zinc and 3.79% for lead during the quarter, while zinc concentrate and lead concentrate productions were 10,249 tonnes and 9,919 tonnes, respectively.

Notably, the period yielded payable productions of 4,307 tonnes of zinc and 6,687 tonnes of lead, contributing to total payable output for the nine months of 12,530 tonnes of zinc and 19,734 tonnes of lead.

During the quarter, Sasa also sold 95,044 ounces of payable silver to Osisko Gold Royalties.

Phase two of the Central Decline development, delving beneath the 910-metre level, was progressing and, as of 30 September, had reached 860 metres.

Despite awaiting a component for testing of cemented backfill, mining on the prepared 800-metre level had started.

At the same time, construction of the dry stack tailings plant and land clearance for the dry stack tailings landform had been initiated.

Looking ahead, Central Asia Metals said it was on a steady path to reach its full-year guidance for 2023, with copper production expected to fall between 13,000 and 14,000 tonnes, zinc in concentrate anticipated to be within the 19,000 to 21,000-tonne range and lead in concentrate projected to be between 27,000 and 29,000 tonnes.

"We are pleased to report another solid period of base metal production during the third quarter, and we remain on schedule to meet our full year guidance," said chief executive officer Nigel Robinson.

"Importantly, this production has been delivered safely as we have reported zero lost time injuries at both operations.

"During the third quarter we reached the impressive milestone of having generated over $1bn in revenue from Kounrad in our 11 years of operations."

Robinson described it as a "fantastic achievement" from the Kounrad team, especially given that the copper was all produced from waste material.

"As we look towards the end of the year, we will further progress our investments at Sasa, as well as complete construction and commissioning of our Kounrad Solar Power Plant, which should start generating electricity for us before the end of 2023."

At 1120 BST, shares in Central Asia Metals were up 2.99% at 172.4p.

Reporting by Josh White for Sharecast.com.

More News
9 Jan 2019 08:43

Central Asia Metals Hits Production Targets, To Abandon Shuak

LONDON (Alliance News) - Central Asia Metals PLC met its production targets for all three metals, the company said on Wednesday, in a "transformational" year.CAM's 2018 output

Read more
4 Jan 2019 09:36

Central Asia Metals Pays Off Sasa Debt With New Corporate Facility

LONDON (Alliance News) - Central Asia Metals Ltd on Friday announced it has consolidated all of its debt into one facility.At the time of its USD402.5 million takeover of the Sasa zinc-lead

Read more
4 Jan 2019 08:03

Central Asia Metals consolidates borrowings into single facility

(Sharecast News) - Central Asia Metals has refinanced its debt, it announced on Friday, consolidating borrowings into one facility.

Read more
4 Oct 2018 10:47

Central Asia Metals On Track For 2018 Guidance In All Three Metals

LONDON (Alliance News) - Central Asia Metals PLC said Thursday it is on track to achieve its 2018 guidance for all the three metal products it produces.The company which mines copper, zinc

Read more
19 Sep 2018 13:13

Wednesday broker round-up

(Sharecast News) - PureCircle: Kepler Cheuvreux downgrades to hold with a target price of 325p.

Read more
19 Sep 2018 12:03

Central Asia Metals Doubles Half Year Profit On Sasa Mine Acquisition

LONDON (Alliance News) - Central Asia Metals PLC on Wednesday said its pretax profit nearly doubled in the first half of 2018 following the acquisition of the Sasa zinc-lead mine located in pretax

Read more
18 May 2018 16:05

UK Dividends Calendar - Next 7 Days

Monday 21 May Carr's Group dividend payment dateMelrose Industries dividend

Read more
16 May 2018 16:29

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 17 MayJust GroupHill & Smith HoldingsLidco GroupFevertree Midland &

Read more
27 Apr 2018 10:25

Central Asia Metals Picks Shanta Director As Chief Operating Officer

LONDON (Alliance News) - Copper, zinc and lead miner Central Asia Metals PLC said on Friday it has appointed Scott Yelland as chief operating officer.He will be joining from AIM-listed gold

Read more
2 Nov 2016 10:51

Peel Hunt downgrades Kaz Minerals to 'hold'

(ShareCast News) - Peel Hunt downgraded Kaz Minerals to 'hold' from 'add' after its third-quarter production report but upped the price target to 275p from 200p as it took a look at the copper sector. It noted the shares are up 30% in the last month and 180% in the year to date. "While Kaz Minerals

Read more
5 Oct 2016 09:47

Central Asia Metals hits record copper sales in August

(ShareCast News) - Central Asia Metals, an AIM listed London based copper producer with operations in Kazakhstan and Chile, achieved record copper production in the third quarter at the Kounrad site in Kazakhstan. Production rose a quarterly record of 38% to 4,102 tonnes compared to 2,966 tonnes in

Read more
29 Sep 2016 15:03

UK Dividends Calendar - Next 7 Days

Read more
12 Sep 2016 09:00

Central Asia Metals benefits from currency devaluation

(ShareCast News) - Central Asia Metals, a copper producer with operations in Kazakhstan and Chile, reported an increase in pre-tax profit in the first half as it achieved cost savings due to the depreciation of Kazakhstan's currency. Despite the average copper price per tonne falling to $4,903 comp

Read more
4 Jul 2016 12:24

Central Asia Metals H1 copper output jumps 27 pct

ALMATY, July 4 (Reuters) - Central Asia Metals Plc (CAML) raised production of cathode copper by 27 percent in the first half of 2016 to 6,908 tonnes and is on track to produce 13,000-14,000 tonnes this year, the London-listed company said on Monday. Sales rose 24 percent to 6,355 tonnes,

Read more
4 Jul 2016 12:23

Central Asia copper production surges at Kounrad

(ShareCast News) - Central Asia Metals updated the market on its production and Stage 2 expansion on Monday, for the six months to 30 June at the Kounrad dump leach, solvent extraction and electrowinning copper recovery plant in Kazakhstan. The AIM-traded firm said Q2 copper production rose 20% to 3

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.