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KAZ MINERALS GROUP PRODUCTION AND SALES REPORT FOR 9 months and THE third QUARTER ENDED 30 September 2025
| 9m 2025 |
9m 2024 |
Q3 2025 | Q2 2025 | Q3 2024 | |||
| Copper production1 | kt | 275.7 | 287.0 | 91.7 | 93.6 | 96.1 | |
| Aktogay | kt | 171.6 | 172.2 | 56.8 | 58.8 | 58.3 | |
| Bozshakol | kt | 70.7 | 79.2 | 23.1 | 24.2 | 25.8 | |
| East Region & Bozymchak | kt | 33.4 | 35.6 | 11.8 | 10.6 | 12.0 | |
| Gold production2 | koz | 95.7 | 110.9 | 33.1 | 31.6 | 35.0 | |
| Silver production2 | koz | 2,730 | 2,750 | 955 | 891 | 875 | |
| Zinc in concentrate | kt | 34.3 | 31.3 | 13.9 | 11.1 | 8.8 | |
| Copper sales3 | kt | 252.8 | 295.0 | 76.8 | 95.7 | 91.9 | |
| Gold sales4 | koz | 95.6 | 120.4 | 30.6 | 32.3 | 36.4 | |
| Silver sales4 | koz | 2,716 | 3,014 | 853 | 968 | 1,126 | |
| Zinc in concentrate sales | kt | 35.9 | 35.7 | 15.4 | 10.9 | 10.4 |
- Payable metal in concentrate and copper cathode from Aktogay oxide ore
- Payable metal in concentrate
- Payable metal in concentrate, toll processed metal and copper cathode from Aktogay oxide ore
- Payable metal in concentrate and toll processed metal
Highlights
- Aktogay and Bozshakol achieved record ore processing volumes in the first nine months of 2025, reflecting the Group’s focus on maximising throughput.
- Copper output was 276 kt in the period to 30 September 2025, down 4% from 9m 2024 (287 kt) as higher throughput was offset by lower grades and recovery rates.
- Zinc in concentrate rose 10% to 34 kt (9m 2024: 31 kt) as more polymetallic ore was processed at East Region. Precious metal output declined due to mining in lower-grade areas.
- Copper sales of 253 kt were 8% below production, impacted by Q3 inventory build-up and short-term transit delays in September, which eased in October and November.
Andrei Tretyakov, Chief Executive Officer, said: “In 2025 KAZ Minerals has continued to set new records in ore throughput at Aktogay and Bozshakol, enabling the Group to produce 276 kt of copper in the first nine months of the year despite planned reductions in grades. Demand for copper remains strong, and KAZ Minerals is well positioned to supply reliable, responsibly produced copper to our customers while we continue to improve the performance and resilience of our operations.”