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KAZ MINERALS PRODUCTION AND SALES REPORT FOR TWELVE MONTHS AND THE FOURTH QUARTER ENDED 31 DECEMBER 2024
| 12m 2024 |
12m 2023 |
Q4 2024 | Q3 2024 | Q4 2023 | |||
| Copper production1 | kt | 379.9 | 403.4 | 92.9 | 96.1 | 102.2 | |
| Aktogay | kt | 228.8 | 252.4 | 56.6 | 58.3 | 60.4 | |
| Bozshakol | kt | 104.7 | 104.6 | 25.5 | 25.8 | 27.1 | |
| East Region & Bozymchak | kt | 46.4 | 46.4 | 10.8 | 12.0 | 14.7 | |
| Gold production2 | koz | 145.8 | 162.0 | 34.9 | 35.0 | 41.7 | |
| Silver production2 | koz | 3,728 | 4,008 | 978 | 875 | 1,004 | |
| Zinc in concentrate | kt | 42.8 | 51.4 | 11.5 | 8.8 | 15.0 | |
| Copper sales3 | kt | 386.8 | 445.4 | 91.8 | 91.9 | 101.2 | |
| Gold sales4 | koz | 150.8 | 178.8 | 30.4 | 36.4 | 38.2 | |
| Silver sales4 | koz | 3,836 | 4,107 | 822 | 1 126 | 916 | |
| Zinc in concentrate sales | kt | 44.3 | 52.9 | 8.6 | 10.4 | 11.6 |
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:
| KAZ Minerals | ||
| Maksut Zhapabayev
Gillian Little |
Corporate Communications, Almaty
Company Secretary, Dubai |
Tel: +7 727 244 03 53
Tel: +971 4 560 5100 |
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
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