RE: Results look good25 Oct 2018 08:19
25 October 2018
KAZ MINERALS GROUP Production Report for NINE months
and THE THIRD QUARTER Ended 30 sEPTEMBER 2018
-- Operational highlights
-- Copper production(1) increased by 7% to 77.2 kt (Q2 2018: 72.3
kt) with higher ore throughput at all assets, well positioned to
achieve full year guidance of 270-300 kt
-- Gold production(2) in Q3 of 45.1 koz (Q2 2018: 39.9 koz), full
year output expected to be at top end of 160-175 koz guidance range
-- Bozshakol
-- Copper production(2) of 25.2 kt, an increase of 10% (Q2 2018: 22.9
kt), mainly due to higher ore throughput
-- Ore processed in Q3 was at design throughput capacity (Q2 2018:
90%)
-- On track for full year copper production guidance of 95-105 kt
-- Gold production(2) increased by 19% to 31.4 koz (Q2 2018: 26.3
koz) due to continued strong gold grades and increased ore throughput
-- Aktogay
-- Copper production(1) increased by 2% to 34.9 kt (Q2 2018: 34.1
kt) mainly due to seasonally higher oxide output
-- Full year copper production(1) expected to be in upper half of
110-130 kt guidance range
-- East Region and Bozymchak
-- Copper production(2) of 17.1 kt in Q3 (Q2 2018: 15.3 kt), on track
for 2018 guidance of around 65 kt
-- Gold production(2) of 13.8 koz (Q2 2018: 13.6 koz) results in strong
nine-month output of 41.0 koz, now likely to exceed full year guidance
of 45-50 koz
-- Low grades continue to impact zinc output, with 13.4 kt produced
in Q3 (Q2 2018: 10.7 kt). Full year zinc in concentrate production
expected to be 10-15% below guidance of c.60 kt
9m
Group production summary(3) 9m 2018 2017 Q3 2018 Q2 2018 Q3 2017
==================================== ======== ====== ======== ========
Copper production(1) kt 216.8 193.3 77.2 72.3 75.3
============================= ===== ======== ====== ======== ======== ========
Bozshakol kt 75.0 78.8 25.2 22.9 26.8
============================= ===== ======== ====== ======== ======== ========
Aktogay kt 95.4 64.2 34.9 34.1 31.2
============================= ===== ======== ====== ======== ======== ========
East Region & Bozymchak kt 46.4 50.3 17.1 15.3 17.3
============================= ===== ======== ====== ======== ======== ========
Zinc in concentrate kt 38.3 45.8 13.4 10.7 13.5
============================= ===== ======== ====== ======== ======== ========
Gold production(2)
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