TIDMKAZ
RNS Number : 7929V
KAZ Minerals PLC
26 July 2018
KAZ MINERALS PLC
6(TH) FLOOR
CARDINAL PLACE
100 VICTORIA STREET
LONDON SW1E 5JL
Tel: +44 (0) 20 7901
7800
=======================
26 July 2018
KAZ MINERALS GROUP Production Report for six months and THE
second QUARTER Ended 30 June 2018
l H1 2018 copper production(1) increased 18% to 139.6 kt (H1
2017: 118.0 kt)
l Aktogay sulphide concentrator achieves design throughput
capacity
l Operations on track to achieve 2018 production guidance for
all metals
l Bozshakol H1 copper production(2) 49.8 kt (H1 2017: 52.0
kt)
-- Average sulphide copper grade of 0.46% in Q2 (Q1 2018:
0.52%), in line with mine plan
-- Clay plant achieved 95% of design throughput capacity in Q2
(Q1 2018: 65%)
-- Strong H1 gold production(2) of 62.3 koz (H1 2017: 62.9
koz)
l Aktogay H1 copper production(1) increases 83% to 60.5 kt (H1
2017: 33.0 kt)
-- Sulphide concentrator averaged 89% of design throughput
capacity in Q2 compared to 66% in Q1, including a sustained period
operating at 100% of design throughput capacity
-- Cathode production from oxide ore of 11.5 kt in H1 (H1 2017:
10.4 kt)
l East Region and Bozymchak H1 copper production(2) of 29.3 kt
(H1 2017: 33.0 kt)
-- Planned idling of Nikolayevsky concentrator reduced
processing volumes in H1
-- H1 gold(2) (27.2 koz) and silver production(2) (1,082 koz)
represent good progress towards full year production targets
-- Zinc in concentrate production of 24.9 kt in H1 (H1 2017:
32.3 kt), due to concentrator idling and extraction from lower
grade sections
6m
Group production summary(3) 6m 2018 2017 Q2 2018 Q1 2018 Q2 2017
==================================== ======== ====== ======== ========
Copper production(1) kt 139.6 118.0 72.3 67.3 65.9
============================= ===== ======== ====== ======== ======== ========
Bozshakol kt 49.8 52.0 22.9 26.9 29.1
============================= ===== ======== ====== ======== ======== ========
Aktogay kt 60.5 33.0 34.1 26.4 21.1
============================= ===== ======== ====== ======== ======== ========
East Region & Bozymchak kt 29.3 33.0 15.3 14.0 15.7
============================= ===== ======== ====== ======== ======== ========
Zinc in concentrate kt 24.9 32.3 10.7 14.2 16.8
============================= ===== ======== ====== ======== ======== ========
Gold production(2) koz 89.8 93.0 39.9 49.9 50.4
============================= ===== ======== ====== ======== ======== ========
Silver production(2) koz 1,637 1,756 785 852 961
============================= ===== ======== ====== ======== ======== ========
(1) Payable metal in concentrate and copper cathode from Aktogay
oxide ore.
(2) Payable metal in concentrate.
(3) See appendix for metal production by asset.
Andrew Southam, Chief Executive Officer, said: "In the first
half of 2018 the Group delivered a strong operational performance,
with the Aktogay sulphide concentrator achieving design throughput
capacity for a sustained period. Higher throughput at Aktogay was
the main driver of an 18% increase in copper production compared to
the first half of 2017. The Group is on track to achieve its copper
output target of 270-300 kt and by-product guidance in 2018."
For further information please contact:
KAZ Minerals PLC
================== =========================== ======================
Chris Bucknall Investor Relations, London Tel: +44 20 7901 7882
Anna Mallere Investor Relations, London Tel: +44 20 7901 7814
Maksut Zhapabayev Corporate Communications, Tel: +7 727 244 03 53
Almaty
================== =========================== ======================
Brunswick Group
================== =========================== ======================
Carole Cable, Charlie Pretzlik Tel: +44 20 7404 5959
=============================================== ======================
REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL,
United Kingdom.
NOTES TO EDITORS
KAZ Minerals PLC ("KAZ Minerals" or "the Group") is a high
growth copper company focused on large scale, low cost, open pit
mining in Kazakhstan. It operates the Bozshakol and Aktogay open
pit copper mines in the Pavlodar and East Region of Kazakhstan,
three underground mines and associated concentrators in the East
Region of Kazakhstan and the Bozymchak copper-gold mine in
Kyrgyzstan. In 2017, total copper production was 259 kt with
by-products of 58 kt of zinc in concentrate, 179 koz of gold and
3,506 koz of silver.
The Group's new operations at Bozshakol and Aktogay have
delivered one of the highest growth rates in the industry and
transformed KAZ Minerals into a company dominated by world class,
open pit copper mines.
Bozshakol is a first quartile asset on the global cost curve
with an annual ore processing capacity of 30 million tonnes and a
remaining mine life of 39 years at an average copper grade of
0.35%. The mine and processing facilities will produce an average
of 100 kt of copper cathode equivalent and 120 koz of gold in
concentrate per year over the first 10 years of operations.
Aktogay is a large scale, open pit mine similar to Bozshakol,
with a remaining mine life of 28 years at an average copper grade
of 0.36% (oxide) and 0.33% (sulphide). Aktogay commenced production
of copper cathode from oxide ore in December 2015 and copper in
concentrate from sulphide ore in February 2017. The operating
sulphide concentrator has an annual ore processing capacity of 25
million tonnes and the sulphide processing capacity will be doubled
to 50 million tonnes with the addition of a second concentrator by
the end of 2021. Aktogay is competitively positioned on the global
cost curve and will produce an average of 90 kt of copper per year
from sulphide ore until 2021, increasing to 170 kt per year from
2022 to 2027, after the second concentrator commences operations.
Copper production from oxide ore will be in the region of 20 kt per
annum until 2025.
KAZ Minerals is listed on the London Stock Exchange, the
Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and
employs around 13,000 people, principally in Kazakhstan.
This announcement contains inside information.
BOZSHAKOL
6m
6m 2018 2017 Q2 2018 Q1 2018 Q2 2017
==================================== ======== ======= ======== ======== ========
Ore extraction kt 15,506 19,426 7,370 8,136 9,522
============================== ===== ======== ======= ======== ======== ========
Sulphide kt 11,270 9,033 5,389 5,881 4,778
============================== ===== ======== ======= ======== ======== ========
Clay kt 4,236 10,393 1,981 2,255 4,744
============================== ===== ======== ======= ======== ======== ========
Ore processed kt 13,430 11,690 6,756 6,674 6,630
============================== ===== ======== ======= ======== ======== ========
Copper
===================================== ======== ======= ======== ======== ========
Average copper grade
processed % 0.49 0.56 0.46 0.52 0.56
============================== ===== ======== ======= ======== ======== ========
Copper recovery rate % 79.5 83.0 77.4 81.4 82.4
============================== ===== ======== ======= ======== ======== ========
Copper in concentrate kt 52.1 54.4 23.9 28.2 30.4
============================== ===== ======== ======= ======== ======== ========
Copper production(1) kt 49.8 52.0 22.9 26.9 29.1
============================== ===== ======== ======= ======== ======== ========
Gold
===================================== ======== ======= ======== ======== ========
Average gold grade processed g/t 0.26 0.31 0.23 0.29 0.29
============================== ===== ======== ======= ======== ======== ========
Gold recovery rate % 59.5 58.5 55.8 62.5 59.3
============================== ===== ======== ======= ======== ======== ========
Gold in concentrate koz 66.7 67.2 28.2 38.5 36.7
============================== ===== ======== ======= ======== ======== ========
Gold production(1) koz 62.3 62.9 26.3 36.0 34.4
============================== ===== ======== ======= ======== ======== ========
Silver production(1) koz 340 361 157 183 200
============================== ===== ======== ======= ======== ======== ========
(1) Payable metal in concentrate.
Ore extraction of 15,506 kt was 20% lower compared to the 19,426
kt mined in H1 2017, when higher volumes of clay ore were extracted
to expose sulphide ore. Sulphide ore extraction increased by 25%
over the same period to 11,270 kt (H1 2017: 9,033 kt) to support
the higher processing volumes.
In Q2, ore extraction decreased by 9% to 7,370 kt (Q1 2018:
8,136 kt), in line with the reduced requirement of the main
sulphide concentrator which underwent a planned shutdown for mill
relining and other maintenance and as the stripping of clay ore
reduced.
Ore processed increased by 15% to 13,430 kt in H1 2018 compared
to 11,690 kt in the prior year comparative period, reflecting the
ramp up of both the main sulphide concentrator and the clay
plant.
Ore processing volumes in Q2 were in line with the previous
quarter as higher throughput at the clay plant offset reduced
throughput at the sulphide plant of 89% (Q1 2018: 95%), due to the
mill relining. The clay plant ramped up successfully to achieve 95%
of design throughput capacity over the quarter (Q1 2018: 65%)
following an extended shutdown for maintenance and upgrades in Q1
2018.
The average grade of copper processed during H1 2018 reduced to
0.49% from 0.56% in H1 2017, in line with the mine plan. The
expected average grade of sulphide ore to be processed in 2018
remains in the region of 0.44%, as previously guided, with the
mining of certain lower grade sulphide zones planned for the second
half of the year.
Copper production was 4% lower in H1 2018 compared to the prior
year comparative period, mainly due to the expected reduction in
processing grades. Copper production of 22.9 kt in Q2 2018 was 15%
lower than the previous quarter (Q1 2018: 26.9 kt) due to the
combination of a lower average copper grade, reduced throughput at
the sulphide plant due to the planned mill relining and a lower
overall recovery rate as a larger proportion of clay material was
processed.
Gold production in H1 of 62.3 koz was in line with the 62.9 koz
produced in the prior year comparative period, as an increase in
processing volumes offset a lower gold grade of 0.26 g/t (H1 2017:
0.31 g/t). Gold production in Q2 of 26.3 koz was 27% lower than the
previous quarter due to a lower average grade processed and a
reduction in the average gold recovery rate.
Silver production of 340 koz was 6% lower than H1 2017 with
grades reducing from 1.58 g/t to 1.33 g/t.
A small quantity of molybdenum concentrate was produced during
the quarter and samples were sent to potential customers for
evaluation.
With copper production of 50 kt delivered in the first half of
the year, Bozshakol is on track to achieve full year guidance of
95-105 kt, as higher throughput in the second half is expected to
be offset by lower grades. Gold and silver production is on track
to achieve guidance of 115-125 koz and c.500 koz respectively.
AKTOGAY
6m
6m 2018 2017 Q2 2018 Q1 2018 Q2 2017
=============================== ======== ======= ======== ======== ========
Ore extraction kt 19,125 13,022 10,651 8,474 7,003
========================= ===== ======== ======= ======== ======== ========
Oxide kt 8,835 8,297 4,476 4,359 4,084
========================= ===== ======== ======= ======== ======== ========
Sulphide kt 10,290 4,725 6,175 4,115 2,919
========================= ===== ======== ======= ======== ======== ========
Oxide
================================ ======== ======= ======== ======== ========
Oxide ore to leach pads kt 8,835 8,297 4,476 4,359 4,084
========================= ===== ======== ======= ======== ======== ========
Grade % 0.31 0.42 0.31 0.30 0.39
========================= ===== ======== ======= ======== ======== ========
Copper cathode kt 11.5 10.4 6.2 5.3 5.7
========================= ===== ======== ======= ======== ======== ========
Sulphide
================================ ======== ======= ======== ======== ========
Sulphide ore processed kt 9,585 4,574 5,526 4,059 2,937
========================= ===== ======== ======= ======== ======== ========
Average grade processed % 0.62 0.75 0.62 0.62 0.72
========================= ===== ======== ======= ======== ======== ========
Recovery rate % 86.4 69.3 85.4 87.6 76.5
========================= ===== ======== ======= ======== ======== ========
Copper in concentrate kt 51.3 23.7 29.2 22.1 16.2
========================= ===== ======== ======= ======== ======== ========
Copper production(1) kt 49.0 22.6 27.9 21.1 15.4
========================= ===== ======== ======= ======== ======== ========
Total copper production kt 60.5 33.0 34.1 26.4 21.1
========================= ===== ======== ======= ======== ======== ========
Gold production(1, 2) koz 0.3 0.4 - 0.3 0.3
========================= ===== ======== ======= ======== ======== ========
Silver production(1,
2) koz 215 113 120 95 75
========================= ===== ======== ======= ======== ======== ========
(1) Payable metal in concentrate.
(2) Minimal volume recovered from Aktogay material.
Ore extraction of 19,125 kt in H1 was 47% higher than in the
first half of 2017 as additional sulphide ore was extracted to feed
the ramp up of the concentrator. Oxide ore extraction was 6% higher
than the prior year comparative period, with the leaching
operations and SX/EW processing facilities operating at full
capacity. Ore extraction also increased by 26% from Q1 to Q2 2018,
as throughput at the sulphide concentrator rose.
The average copper grade processed in the sulphide concentrator
reduced to 0.62% in H1 2018 from 0.75% in the prior year
comparative period but remained significantly above the reserve
grade of 0.33% due to the continued processing of supergene
enriched ore. The sulphide copper grade was stable in Q2 compared
to the previous quarter, at 0.62%.
Copper production from the sulphide plant in H1 2018 increased
by 117% to 49.0 kt due to a 110% increase in processing volumes,
supported by high grades and recoveries. The plant achieved a
significant ramp up milestone in the quarter, sustaining 100% of
design throughput for a month and averaging 89% of design
throughput over Q2 (Q1 2018: 66%).
Copper cathode production from oxide ore of 11.5 kt in H1 2018
was 11% higher than the prior year comparative period as the SX/EW
plant is now at full capacity. Cathode output increased to 6.2 kt
in Q2 (Q1 2018: 5.3 kt) due to seasonally higher temperatures.
Total copper production in H1 2018 from Aktogay of 61 kt
represents strong progress towards the full year guidance range of
110-130 kt. Higher average ore throughput levels at the sulphide
concentrator in the second half of the year are expected to offset
a reduction in average copper grade.
EAST REGION & BOZYMCHAK
6m 2018 6m Q2 2018 Q1 Q2 2017
2017 2018
============================== ===== ======== ======= ======== ====== ========
Ore extraction kt 1,954 1,973 995 959 1,012
============================== ===== ======== ======= ======== ====== ========
Ore processed kt 1,886 1,965 952 934 962
============================== ===== ======== ======= ======== ====== ========
Copper
===================================== ======== ======= ======== ====== ========
Average grade processed % 1.84 1.97 1.90 1.79 1.93
============================== ===== ======== ======= ======== ====== ========
Orlovsky concentrator % 3.21 3.72 3.25 3.17 3.57
============================== ===== ======== ======= ======== ====== ========
Nikolayevsky concentrator % 1.53 1.50 1.67 1.35 1.47
============================== ===== ======== ======= ======== ====== ========
Belousovsky concentrator % 1.49 1.56 1.49 1.50 1.62
============================== ===== ======== ======= ======== ====== ========
Bozymchak concentrator % 0.86 0.90 0.86 0.86 0.89
============================== ===== ======== ======= ======== ====== ========
Average recovery rate % 89.1 90.2 89.6 88.5 89.2
============================== ===== ======== ======= ======== ====== ========
East Region % 89.1 90.3 89.8 88.3 89.3
============================== ===== ======== ======= ======== ====== ========
Bozymchak % 89.0 89.1 88.1 89.9 88.6
============================== ===== ======== ======= ======== ====== ========
Copper in concentrate kt 31.0 34.9 16.3 14.7 16.6
============================== ===== ======== ======= ======== ====== ========
Orlovsky concentrator kt 16.0 18.5 8.1 7.9 8.7
============================== ===== ======== ======= ======== ====== ========
Nikolayevsky concentrator kt 7.7 8.0 4.9 2.8 3.6
============================== ===== ======== ======= ======== ====== ========
Belousovsky concentrator kt 3.4 4.4 1.3 2.1 2.3
============================== ===== ======== ======= ======== ====== ========
Bozymchak concentrator kt 3.9 4.0 2.0 1.9 2.0
============================== ===== ======== ======= ======== ====== ========
Copper production(1) kt 29.3 33.0 15.3 14.0 15.7
============================== ===== ======== ======= ======== ====== ========
East Region kt 25.6 29.2 13.4 12.2 13.8
============================== ===== ======== ======= ======== ====== ========
Bozymchak kt 3.7 3.8 1.9 1.8 1.9
============================== ===== ======== ======= ======== ====== ========
Zinc in concentrate kt 24.9 32.3 10.7 14.2 16.8
============================== ===== ======== ======= ======== ====== ========
Gold production(1) koz 27.2 29.7 13.6 13.6 15.7
============================== ===== ======== ======= ======== ====== ========
Silver production(1) koz 1,082 1,282 508 574 686
============================== ===== ======== ======= ======== ====== ========
(1) Payable metal in concentrate.
Ore extraction volumes in the East Region and Bozymchak in H1
2018 were in line with the prior year comparative period.
Processing volumes in H1 2018 were 4% below H1 2017 mainly due to
the periodic idling of the Nikolayevsky concentrator, as ore was
temporarily stockpiled to enable the concentrator to operate more
efficiently with a higher throughput. In Q2, processing volumes
were broadly consistent with the previous quarter at 952 kt (Q1
2018: 934 kt), as a second idling period originally planned for
July was brought forward to June.
The average copper grade processed reduced from 1.97% in H1 2017
to 1.84% in H1 2018, mainly due to lower grades at Orlovsky. The
copper grade improved to 1.90% in Q2 2018 from 1.79% reported in
the previous quarter, due to higher grades processed at the
Nikolayevsky concentrator.
Copper production reduced by 11% to 29.3 kt in H1 2018 compared
to H1 2017, due to lower grades at Orlovsky and reduced processing
volumes. Copper output increased in Q2 compared to the previous
quarter, to 15.3 kt (Q1 2018: 14.0 kt), mainly reflecting the
higher copper grade processed at Nikolayevsky. The Bozymchak mine
in Kyrgyzstan continued to operate at its full design capacity and
contributed 3.7 kt of copper production in H1 2018, in line with
the prior year comparative period. With increased processing
volumes expected in the second half of the year, the East Region
and Bozymchak remains on track to achieve its full year copper
production guidance of around 65 kt.
Gold production in the East Region and Bozymchak in H1 was 8%
below the prior year comparative period mainly due to the 4%
reduction in processing volumes and a reduction in the average gold
grade processed of 4%. Gold production in Q2 of 13.6 koz was in
line with Q1.
EAST REGION & BOZYMCHAK (CONTINUED)
H1 gold production of 27.2 koz (H1 2017: 29.7 koz) represents
good progress towards the full year guidance of 45-50 koz.
Silver production reduced by 16% in H1 2018 compared to H1 2017
driven by lower processing volumes, grades and recoveries. Silver
production in Q2 was 11% lower than Q1 2018 as a 2% increase in
processing volumes was more than offset by lower grades and
recoveries. Silver production of 1,082 koz (H1 2017: 1,282 koz) is
on track to achieve the full year guidance target of around 2,000
koz.
Zinc in concentrate output was 23% lower in H1 2018 compared to
H1 2017 driven by a 5% reduction in the processing of zinc bearing
ore at the East Region concentrators and 14% lower average zinc
grades, at 2.63% (H1 2017: 3.07%). In Q2, ore processing volumes in
the East Region were 2% higher than Q1 2018 but grades were 22%
lower at 2.30%. Zinc grades in the East Region continue to be
variable, in particular at Artemyevsky, where the zinc grade was
limited to 0.25% in Q2 2018 as mining moves through the transition
zone between ore bodies.
Higher grades and increased throughput at the Nikolayevsky
concentrator in the second half of the year are expected to raise
zinc in concentrate production and the Group remains on track to
achieve the full year guidance of around 60 kt.
APPIX - METAL PRODUCTION
6m 2018 6m Q2 2018 Q1 Q2 2017
2017 2018
====================== ===== ======== ======= ======== ====== ========
Copper production(1) kt 139.6 118.0 72.3 67.3 65.9
====================== ===== ======== ======= ======== ====== ========
Bozshakol kt 49.8 52.0 22.9 26.9 29.1
====================== ===== ======== ======= ======== ====== ========
Aktogay kt 60.5 33.0 34.1 26.4 21.1
====================== ===== ======== ======= ======== ====== ========
East Region kt 25.6 29.2 13.4 12.2 13.8
====================== ===== ======== ======= ======== ====== ========
Bozymchak kt 3.7 3.8 1.9 1.8 1.9
====================== ===== ======== ======= ======== ====== ========
Zinc in concentrate kt 24.9 32.3 10.7 14.2 16.8
====================== ===== ======== ======= ======== ====== ========
East Region kt 24.9 32.3 10.7 14.2 16.8
====================== ===== ======== ======= ======== ====== ========
Gold production(2) koz 89.8 93.0 39.9 49.9 50.4
====================== ===== ======== ======= ======== ====== ========
Bozshakol koz 62.3 62.9 26.3 36.0 34.4
====================== ===== ======== ======= ======== ====== ========
Aktogay koz 0.3 0.4 - 0.3 0.3
====================== ===== ======== ======= ======== ====== ========
East Region koz 7.1 8.8 3.3 3.8 4.9
====================== ===== ======== ======= ======== ====== ========
Bozymchak koz 20.1 20.9 10.3 9.8 10.8
====================== ===== ======== ======= ======== ====== ========
Silver production(2) koz 1,637 1,756 785 852 961
====================== ===== ======== ======= ======== ====== ========
Bozshakol koz 340 361 157 183 200
====================== ===== ======== ======= ======== ====== ========
Aktogay koz 215 113 120 95 75
====================== ===== ======== ======= ======== ====== ========
East Region koz 963 1,153 447 516 621
====================== ===== ======== ======= ======== ====== ========
Bozymchak koz 119 129 61 58 65
====================== ===== ======== ======= ======== ====== ========
(1) Payable metal in concentrate and copper cathode from Aktogay
oxide ore.
(2) Payable metal in concentrate.
TOLL PROCESSING & FINISHED METALS
6m 2018 6m Q2 2018 Q1 Q2 2017
2017 2018
================================== ===== ======== ====== ======== ====== ========
Copper cathodes kt 51.6 54.4 26.0 25.6 28.8
================================== ===== ======== ====== ======== ====== ========
Bozshakol (toll processed) kt 5.6 4.6 2.9 2.7 3.7
================================== ===== ======== ====== ======== ====== ========
Aktogay sulphide (toll
processed) kt 3.3 4.1 0.4 2.9 3.6
================================== ===== ======== ====== ======== ====== ========
Aktogay oxide kt 11.5 10.4 6.2 5.3 5.7
================================== ===== ======== ====== ======== ====== ========
East Region (toll processed) kt 27.4 31.2 14.8 12.6 14.0
================================== ===== ======== ====== ======== ====== ========
Bozymchak (toll processed) kt 3.8 4.1 1.7 2.1 1.8
================================== ===== ======== ====== ======== ====== ========
Gold bar produced (toll
processed) koz 32.8 28.6 16.8 16.0 13.6
================================== ===== ======== ====== ======== ====== ========
Silver bar produced (toll
processed) koz 1,367 1,370 715 652 585
================================== ===== ======== ====== ======== ====== ========
APPENDIX - EAST REGION & BOZYMCHAK
6m 2018 6m Q2 2018 Q1 Q2 2017
2017 2018
============================== ====== ======== ====== ======== ====== ========
Ore extraction kt 1,954 1,973 995 959 1,012
============================== ====== ======== ====== ======== ====== ========
Orlovsky kt 559 545 280 279 270
============================== ====== ======== ====== ======== ====== ========
Artemyevsky kt 608 645 307 301 351
============================== ====== ======== ====== ======== ====== ========
Irtyshsky kt 320 313 162 158 156
============================== ====== ======== ====== ======== ====== ========
Bozymchak kt 467 470 246 221 235
============================== ====== ======== ====== ======== ====== ========
Ore processed kt 1,886 1,965 952 934 962
============================== ====== ======== ====== ======== ====== ========
Orlovsky concentrator kt 559 546 281 278 270
============================== ====== ======== ====== ======== ====== ========
Nikolayevsky concentrator kt 563 594 314 249 275
============================== ====== ======== ====== ======== ====== ========
Belousovsky concentrator kt 259 317 101 158 162
============================== ====== ======== ====== ======== ====== ========
Bozymchak concentrator kt 505 508 256 249 255
============================== ====== ======== ====== ======== ====== ========
Zinc
====================================== ======== ====== ======== ====== ========
Average grade processed % 2.63 3.07 2.30 2.95 3.27
============================== ====== ======== ====== ======== ====== ========
Orlovsky concentrator % 3.75 3.88 3.70 3.81 3.76
============================== ====== ======== ====== ======== ====== ========
Nikolayevsky concentrator % 0.93 2.11 0.50 1.47 2.48
============================== ====== ======== ====== ======== ====== ========
Belousovsky concentrator % 3.87 3.50 4.04 3.77 3.80
============================== ====== ======== ====== ======== ====== ========
Average recovery rate % 68.5 72.2 66.6 70.1 72.7
============================== ====== ======== ====== ======== ====== ========
Orlovsky concentrator % 67.7 70.9 65.8 69.7 69.0
============================== ====== ======== ====== ======== ====== ========
Nikolayevsky concentrator % 59.7 76.3 47.0 65.2 80.6
============================== ====== ======== ====== ======== ====== ========
Belousovsky concentrator % 74.8 70.2 76.3 73.8 69.9
============================== ====== ======== ====== ======== ====== ========
Zinc in concentrate kt 24.9 32.3 10.7 14.2 16.8
============================== ====== ======== ====== ======== ====== ========
Orlovsky concentrator kt 14.2 15.0 6.8 7.4 7.0
============================== ====== ======== ====== ======== ====== ========
Nikolayevsky concentrator kt 3.2 9.5 0.8 2.4 5.5
============================== ====== ======== ====== ======== ====== ========
Belousovsky concentrator kt 7.5 7.8 3.1 4.4 4.3
============================== ====== ======== ====== ======== ====== ========
Gold
====================================== ======== ====== ======== ====== ========
Average grade processed g/t 0.79 0.82 0.78 0.80 0.87
============================== ====== ======== ====== ======== ====== ========
East Region g/t 0.52 0.53 0.50 0.53 0.57
============================== ====== ======== ====== ======== ====== ========
Bozymchak g/t 1.54 1.66 1.55 1.53 1.69
============================== ====== ======== ====== ======== ====== ========
Average recovery rate % 60.5 60.8 60.7 60.2 62.3
============================== ====== ======== ====== ======== ====== ========
East Region % 32.9 37.4 31.8 34.0 40.1
============================== ====== ======== ====== ======== ====== ========
Bozymchak % 85.7 82.3 85.9 85.5 83.1
============================== ====== ======== ====== ======== ====== ========
Gold in concentrate koz 28.9 31.6 14.4 14.5 16.7
============================== ====== ======== ====== ======== ====== ========
East Region koz 7.5 9.3 3.5 4.0 5.2
============================== ====== ======== ====== ======== ====== ========
Bozymchak koz 21.4 22.3 10.9 10.5 11.5
============================== ====== ======== ====== ======== ====== ========
Gold production(1) koz 27.2 29.7 13.6 13.6 15.7
============================== ====== ======== ====== ======== ====== ========
East Region koz 7.1 8.8 3.3 3.8 4.9
============================== ====== ======== ====== ======== ====== ========
Bozymchak koz 20.1 20.9 10.3 9.8 10.8
============================== ====== ======== ====== ======== ====== ========
Silver
====================================== ======== ====== ======== ====== ========
Average grade processed g/t 34.9 35.9 34.3 35.5 40.3
============================== ====== ======== ====== ======== ====== ========
East Region g/t 43.9 44.4 43.1 44.7 50.6
============================== ====== ======== ====== ======== ====== ========
Bozymchak g/t 10.3 11.5 10.5 10.2 11.8
============================== ====== ======== ====== ======== ====== ========
Average recovery rate % 56.1 62.2 53.0 59.2 60.5
============================== ====== ======== ====== ======== ====== ========
East Region % 54.2 60.9 50.8 57.6 59.3
============================== ====== ======== ====== ======== ====== ========
Bozymchak % 78.3 75.7 77.9 78.7 75.0
============================== ====== ======== ====== ======== ====== ========
Silver in concentrate koz 1,189 1,409 558 631 754
============================== ====== ======== ====== ======== ====== ========
East Region koz 1,058 1,267 491 567 682
============================== ====== ======== ====== ======== ====== ========
Bozymchak koz 131 142 67 64 72
============================== ====== ======== ====== ======== ====== ========
Silver production(1) koz 1,082 1,282 508 574 686
============================== ====== ======== ====== ======== ====== ========
East Region koz 963 1,153 447 516 621
============================== ====== ======== ====== ======== ====== ========
Bozymchak koz 119 129 61 58 65
============================== ====== ======== ====== ======== ====== ========
(1) Payable metal in concentrate.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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July 26, 2018 02:00 ET (06:00 GMT)
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