Inactive Instrument

Kaz Minerals

Equities

KAZ

GB00B0HZPV38

Kaz Minerals : first quarter copper output more than doubles

April 27, 2017 at 04:44 am EDT

(Reuters) - Copper miner Kaz Minerals Plc said its first-quarter copper production more than doubled from a year earlier, helped by output from its new Bozshakol and Aktogay mines in Kazakhastan.

The company's stock rose as much as 4.9 percent to 502.50 pence on the London Stock Exchange, making it the top FTSE midcap gainer <.FTMC>.

The company, focused on large-scale, low-cost open pit mining in Kazakhstan, said its copper output stood at 52,000 tonnes in the first quarter ended March 31. Gold production also rose 140.1 percent to 42,500 ounces.

The company said it was on track to meet 2017 production guidance for all metals.

(Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Amrutha Gayathri)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	GOLD	2,392 USD	+0.53%	+0.68%	-
	SILVER	28.56 USD	+1.18%	+0.36%	-

Latest news about Kaz Minerals

Trianon Ltd acquired LLC "GDK BAIMSKAYA" from KAZ Minerals Limited recently.	23-07-23	CI
KAZ Minerals Limited Reports Earnings Results for the Full Year Ended December 31, 2021	22-07-26	CI
KAZ Minerals Limited Auditor Raises 'Going Concern' Doubt	22-07-25	CI
KAZ Minerals Announces Completion of Bankable Feasibility Study for Baimskaya Copper Project	21-09-29	CI
Kaz Minerals : Nova Resources Completes KAZ Minerals Takeover	21-06-16	MT
KAZ Minerals : Delists from London, Kazakhstan Bourses After Nova Takeover	21-05-11	MT
KAZ Minerals : Nova Resources Begins Compulsory Acquisition of Remaining KAZ Minerals Shares	21-05-04	MT
KAZ Minerals : Logs Drop in Q1 Copper, Gold Production	21-04-29	MT
KAZ Minerals plc Announces Production Results for the First Quarter Ended March 31, 2021	21-04-29	CI
KAZ Minerals plc Announces Sales Results for the First Quarter Ended March 31, 2021	21-04-29	CI
KAZ Minerals : Nova's Takeover Bid for KAZ Minerals Declared Unconditional	21-04-26	MT
KAZ Minerals : Bidco Nova Resources moves to take Kaz Minerals private	21-04-26	RE
KAZ Minerals Provides Information to the Shareholders	21-04-26	CI
Oleg Novachuk and Vladimir Kim completed the acquisition of remaining 60.61% stake in KAZ Minerals PLC (LSE : KAZ) from Maxim Vorobyev, Ferris Services Limited, Denalot Worldwide Limited, Greenleas International Holdings Limited, CFC Management and others.	21-04-22	CI
KAZ Minerals PLC(LSE:KAZ) dropped from FTSE All-World Index	21-04-14	CI
KAZ Minerals PLC(LSE:KAZ) dropped from FTSE 250 Index	21-04-14	CI
KAZ Minerals PLC(LSE:KAZ) dropped from FTSE 250 (Ex Investment Companies) Index	21-04-14	CI
KAZ Minerals PLC(LSE:KAZ) dropped from FTSE 350 (Ex Investment Companies) Index	21-04-14	CI
KAZ Minerals PLC(LSE:KAZ) dropped from FTSE All-Share Index	21-04-14	CI
KAZ Minerals PLC(LSE:KAZ) dropped from FTSE 350 Index	21-04-14	CI
KAZ MINERALS : Barclays Downgrades Kaz Minerals To Equal Weight From Overweight, Cuts PT	21-04-07	MT
Materials Up Amid Economic Optimism -- Materials Roundup	21-03-26	DJ
Eurostoxx 50 : Global recovery hopes drive European stocks to 1-week high	21-03-26	RE
Buyout group makes $5.5 billion final bid for KAZ Minerals	21-03-26	RE
KAZ Minerals : Buyout group makes $5.5 bln final bid for KAZ Minerals	21-03-26	RE

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Company Profile

KAZ Minerals PLC is a United Kingdom-based copper company. The Company operates in the natural resources industry through five segments: East Region, Bozymchak, Bozshakol, Aktogay and Mining Projects. The East Region, Bozshakol and Aktogay segments are engaged in mining and processing of copper and other metals in Kazakhstan. The Bozymchak segment is engaged in mining and processing of copper and gold in Kyrgyzstan. The Mining Projects segment is engaged in the development of metal deposits and processing facilities Kazakhstan. The East Region segment contains the entity Vostoktsvetmet LLC (VCM), whose principal activity is the mining and processing of copper and other metals, which are produced as by-products from four underground mines and three concentrators located in the eastern region of Kazakhstan.

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