RE: Kazakhstan's Jan-Feb copper, steel output up, zinc drops22 Mar 2021 14:02
Published 18/03. Zacks
Kaz Minerals: This U.K.-based company and its subsidiaries engage in mining and processing copper and other metals (gold, silver, zinc) primarily in Kazakhstan and Kyrgyzstan.
The company is well-poised to grow on the back of its large scale, low cost open copper pit mines. Its constant focus on implementing modern technology to develop deposits has aided it in building a portfolio of highly profitable mines with low operating costs.
The Aktogay expansion project, which is anticipated to commence production in late 2021, is expected to boost the company's copper production by 80,000 tons from 2022-27 and 60,000 tons thereafter. The bankable feasibility study for the Baimskaya copper project is estimated to be completed in the first half of 2021. Baimskaya is one of the world's largest undeveloped copper resources with the potential to be a large scale, low cost open pit copper mine.
The Zacks Consensus Estimate for the company's earnings for 2021 has moved up 47% over the past 90 days. It indicates year-over-year improvement of 70.7%. Its shares have appreciated 65% in the past six months. The stock has a Zacks Rank #2 and a VGM Score of A.