TIDMKAZ
RNS Number : 3558B
KAZ Minerals PLC
30 January 2020
30 January 2020
KAZ MINERALS GROUP Production Report for twelve months
and THE fourth QUARTER Ended 31 december 2019
-- 2019 copper production1 increased by 6% to 311.4 kt (FY 2018: 294.7 kt)
-- Full year copper production(1) above guidance of c.300 kt,
owing to outperformance at Aktogay
-- Bozshakol and Aktogay sulphide concentrators both operated at
design ore throughput capacity in 2019
-- Q4 copper production(1) of 80.9 kt (Q3 2019: 82.9 kt) with
strong output from all divisions
-- Full year gold production(2) rose by 10% to 201.5 koz (FY
2018: 183.4 koz) due to high grades at Bozshakol and Bozymchak
-- Aktogay
-- Full year copper production(1) of 145.7 kt (FY 2018: 131.4
kt) exceeded guidance of 130-140 kt
-- Higher than expected ore throughput in Q4 of 6,378 kt (Q3
2019: 6,119 kt), as mill relining planned in the quarter was
rescheduled to January 2020
-- Q4 copper production(1) reduced to 34.3 kt (Q3 2019: 37.3
kt), due to seasonal impact on oxide volumes and lower grades
-- Bozshakol
-- Full year copper production(2) rose by 8% to 110.2 kt (FY
2018: 101.6 kt), in line with guidance of 105-115 kt
-- Copper production(2) in Q4 of 31.0 kt (Q3 2019: 32.1 kt), as
higher grades offset by scheduled maintenance
-- Gold production(2) in 2019 of 144.8 koz (FY 2018: 127.8 koz)
was above guidance of 130-140 koz due to sustained high grades
-- East Region and Bozymchak
-- Full year copper production(2) of 55.5 kt (FY 2018: 61.7 kt),
in line with guidance of c.55 kt
-- Q4 copper production(2) increased by 16% to 15.6 kt (Q3 2019:
13.5 kt) due to processing of stockpiled ore and higher average
copper grade
-- 2019 gold and silver production(2) both exceeded full year
guidance, with output of 53.7 koz (FY 2018: 55.0 koz) and 2,024 koz
(FY 2018: 2,356 koz) respectively
-- Zinc in concentrate production of 38.3 kt (FY 2018: 49.7 kt),
below guidance of 40-45 kt due to difficult geological conditions
restricting mining to low grade areas
12m 12m
Group production summary(3) 2019 2018 Q4 2019 Q3 2019 Q4 2018
==================================== ====== ======= ======== ========
Copper production(1) kt 311.4 294.7 80.9 82.9 77.9
============================= ===== ====== ======= ======== ======== ========
Aktogay kt 145.7 131.4 34.3 37.3 36.0
============================= ===== ====== ======= ======== ======== ========
Bozshakol kt 110.2 101.6 31.0 32.1 26.6
============================= ===== ====== ======= ======== ======== ========
East Region & Bozymchak kt 55.5 61.7 15.6 13.5 15.3
============================= ===== ====== ======= ======== ======== ========
Gold production(2) koz 201.5 183.4 55.3 58.5 48.4
============================= ===== ====== ======= ======== ======== ========
Silver production(2) koz 3,382 3,511 886 944 933
============================= ===== ====== ======= ======== ======== ========
Zinc in concentrate kt 38.3 49.7 9.4 10.5 11.4
============================= ===== ====== ======= ======== ======== ========
(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: "KAZ Minerals
delivered strong operational results in the fourth quarter as our
large scale, open pit assets in Kazakhstan achieved record levels
of production. The main sulphide concentrators at both Bozshakol
and Aktogay operated at design ore throughput in 2019 and full year
copper and gold production were ahead of guidance, at 311 kt and
201 koz respectively. The Group continues to combine output growth
with low unit costs and the expansion project at Aktogay will
contribute additional volumes when completed in 2021."
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
Almaty 53
====================== =========================== ======================
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, Russia and Kyrgyzstan. 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 2019, total copper production
was 311 kt with by-products of 38 kt of zinc in concentrate, 201
koz of gold and 3,382 koz of silver. The Group acquired the
Baimskaya project in the Chukotka region of Russia in January 2019,
one of the world's most significant undeveloped copper assets, with
the potential to become a large scale, low cost, open pit copper
mine.
The Group's new operations at Bozshakol and Aktogay have
delivered industry leading production growth 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 c.40 years at an average copper grade of
0.37%. The mine and processing facilities commenced output in 2016
and 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 around 25 years (including the
expansion project) 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 100 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 2024.
The Peschanka deposit within the Baimskaya licence area in
Russia has JORC resources of 9.5 Mt of copper at an average grade
of 0.43% and 16.5 Moz of gold at an average grade of 0.23 g/t.
Average annual production over the first ten years of operations is
expected to be 250 kt copper and 400 koz gold, or 330 kt Copper
Equivalent Production, with a mine life of approximately 25 years
and first quartile operating costs. The project is located in a
region identified by the Russian Government as strategically
important for economic development and will benefit from the
construction of state-funded power and transport infrastructure and
the provision of tax incentives. The estimated capital budget for
construction is $5.5 billion and the project is currently at
feasibility study stage. The Group expects the project to generate
a significant NPV uplift and an attractive IRR at analyst consensus
copper prices. The development of Baimskaya will enable the Group
to continue its high growth trajectory, adding a large scale, long
life asset to the Group's portfolio.
KAZ Minerals is listed on the London Stock Exchange and the
Kazakhstan Stock Exchange and employs around 15,000 people,
principally in Kazakhstan.
AKTOGAY
12m 12m
2019 2018 Q4 2019 Q3 2019 Q4 2018
=============================== ======== ======== ======== ======== ========
Ore extraction kt 55,134 41,911 16,035 14,883 11,195
========================= ===== ======== ======== ======== ======== ========
Oxide kt 19,403 16,104 5,598 5,612 3,146
========================= ===== ======== ======== ======== ======== ========
Sulphide kt 35,731 25,807 10,437 9,271 8,049
========================= ===== ======== ======== ======== ======== ========
Oxide
================================ ======== ======== ======== ======== ========
Oxide ore to leach pads kt 19,284 16,104 5,480 5,612 3,146
========================= ===== ======== ======== ======== ======== ========
Grade % 0.32 0.33 0.29 0.34 0.37
========================= ===== ======== ======== ======== ======== ========
Copper cathode kt 22.7 25.7 4.2 6.7 6.8
========================= ===== ======== ======== ======== ======== ========
Sulphide
================================ ======== ======== ======== ======== ========
Sulphide ore processed kt 25,230 20,766 6,378 6,119 5,512
========================= ===== ======== ======== ======== ======== ========
Average grade processed % 0.58 0.61 0.57 0.60 0.63
========================= ===== ======== ======== ======== ======== ========
Recovery rate % 88.0 86.8 87.0 87.4 87.6
========================= ===== ======== ======== ======== ======== ========
Copper in concentrate kt 128.8 110.6 31.6 32.0 30.5
========================= ===== ======== ======== ======== ======== ========
Copper production(1) kt 123.0 105.7 30.1 30.6 29.2
========================= ===== ======== ======== ======== ======== ========
Total copper production kt 145.7 131.4 34.3 37.3 36.0
========================= ===== ======== ======== ======== ======== ========
Gold production(1, 2) koz 3.0 0.6 0.6 0.7 0.3
========================= ===== ======== ======== ======== ======== ========
Silver production(1) koz 555 489 139 128 130
========================= ===== ======== ======== ======== ======== ========
(1) Payable metal in concentrate.
(2) Minimal volume recovered from Aktogay material.
Ore extraction in Q4 increased to 16,035 kt (Q3 2019: 14,883
kt), as additional quantities of low grade sulphide ore were mined
and stockpiled to access high grade areas for processing in the
quarter.
Q4 sulphide ore processing volumes increased to 6,378 kt (Q3
2019: 6,119 kt), as mill maintenance scheduled to take place in the
fourth quarter was deferred to January 2020. The average grade of
sulphide ore processed in Q4 reduced to 0.57% (Q3 2019: 0.60%).
Copper production from sulphide ore reduced by 2% to 30.1 kt in the
quarter (Q3 2019: 30.6 kt) as the reduction in grade was partially
offset by the higher processing volumes.
Copper cathode production from oxide ore reduced to 4.2 kt in Q4
from 6.7 kt in Q3 2019, due to seasonal temperature variation and a
lower average copper grade. The first oxide ore was placed on the
recently constructed second stage of the heap leach pads during the
quarter.
Ore extraction in the year increased by 32% to 55,134 kt (FY
2018: 41,911 kt), exceeding processing volumes due to development
works undertaken ahead of the Aktogay expansion project and the
stockpiling of low grade material to access high grade ore for
processing in 2019.
Full year sulphide processing volumes increased by 21% to 25,230
kt (FY 2018: 20,766 kt) as the sulphide concentrator operated at
design ore throughput capacity over the year. The average copper
grade processed in 2019 reduced, as expected, to 0.58% (FY 2018:
0.61%) but remained at elevated levels compared to the copper
resource grade of 0.33%.
Full year copper production from sulphide ore of 123.0 kt was
16% higher than the 105.7 kt produced in 2018, mainly due to the
21% increase in ore throughput. Copper cathode output from oxide
ore in 2019 reduced by 12% to 22.7 kt from 25.7 kt in the prior
year but was above the long term guidance level of c.20 ktpa until
2024.
Aktogay achieved record total copper production of 145.7 kt in
2019, above full year guidance of 130-140 kt and an 11% increase
compared to 2018. The high levels of output achieved were due to a
combination of good grades, consistent ore throughput and the
deferral of mill maintenance from Q4 2019 to January 2020. As
previously guided, sulphide processing grades are expected to
reduce towards the life of mine grade over the first ten years of
operations and the average grade expected during the period
2019-2021 is c.0.50%.
BOZSHAKOL
12m
2019 12m Q4 Q3 2019 Q4 2018
2018 2019
==================================== ======== ======= ======= ======== ========
Ore extraction kt 35,693 30,722 9,059 9,132 7,484
============================== ===== ======== ======= ======= ======== ========
Sulphide kt 24,797 23,980 6,855 6,496 6,304
============================== ===== ======== ======= ======= ======== ========
Clay kt 10,896 6,742 2,204 2,636 1,180
============================== ===== ======== ======= ======= ======== ========
Ore processed kt 29,470 28,454 7,844 8,378 7,471
============================== ===== ======== ======= ======= ======== ========
Copper
===================================== ======== ======= ======= ======== ========
Average copper grade
processed % 0.48 0.48 0.52 0.50 0.47
============================== ===== ======== ======= ======= ======== ========
Copper recovery rate % 81.1 78.7 79.3 80.4 79.9
============================== ===== ======== ======= ======= ======== ========
Copper in concentrate kt 115.4 106.4 32.5 33.6 27.8
============================== ===== ======== ======= ======= ======== ========
Copper production(1) kt 110.2 101.6 31.0 32.1 26.6
============================== ===== ======== ======= ======= ======== ========
Gold
===================================== ======== ======= ======= ======== ========
Average gold grade processed g/t 0.27 0.26 0.30 0.28 0.25
============================== ===== ======== ======= ======= ======== ========
Gold recovery rate % 60.3 58.6 60.0 61.2 61.3
============================== ===== ======== ======= ======= ======== ========
Gold in concentrate koz 154.9 136.7 44.7 46.5 36.5
============================== ===== ======== ======= ======= ======== ========
Gold production(1) koz 144.8 127.8 41.8 43.4 34.1
============================== ===== ======== ======= ======= ======== ========
Silver production(1) koz 803 666 236 233 172
============================== ===== ======== ======= ======= ======== ========
(1) Payable metal in concentrate.
Ore extraction of 9,059 kt in Q4 was in line with the previous
quarter (Q3 2019: 9,132 kt). Clay ore extraction of 2,204 kt (Q3
2019: 2,636 kt) remained ahead of the rate required to supply the 5
Mtpa clay plant, resulting in the stockpiling of 698 kt of clay ore
for future processing.
Ore processing volumes in Q4 reduced, as expected, to 7,844 kt
(Q3 2019: 8,378 kt) due to the scheduled mill relining at the
sulphide plant which was completed in October.
The average copper grade processed in Q4 increased to 0.52% (Q3
2019: 0.50%) resulting in an average grade for the full year of
0.48%, as guided, consistent with the 2018 grade of 0.48%. Copper
production reduced to 31.0 kt in Q4 (Q3 2019: 32.1 kt) as the
higher average grade was offset by the mill relining.
Gold production decreased to 41.8 koz in Q4 (Q3 2019: 43.4 koz)
in line with the lower volume of ore processed.
Ore extraction in 2019 increased to 35,693 kt (FY 2018: 30,722
kt) mainly due to the stripping of additional clay ore which was
stockpiled during the year. During 2020 it is expected that the
amount of clay ore processed from stockpiles will exceed mined
volumes.
Full year ore processing volumes were 29,470 kt (FY 2018: 28,454
kt), slightly below the design ore throughput for Bozshakol of 30
Mtpa. In the first half of 2019 the clay plant was closed for over
three months during upgrade works to the process water and reclaim
systems, following which it performed well, processing over 3 Mt of
material in the second half.
Full year copper production of 110.2 kt was at the mid-point of
guidance of 105-115 kt and 8% higher than the prior year (FY 2018:
101.6 kt).
2019 gold production of 144.8 koz was 13% above the prior year
(FY 2018: 127.8 koz) and ahead of guidance of 130-140 koz,
supported by higher than expected average gold grades and improved
recovery rates.
Silver full year output of 803 koz was ahead of guidance of c.
700 koz and 21% higher than the prior year (FY 2018: 666 koz).
EAST REGION & BOZYMCHAK
12m 12m
2019 2018 Q4 2019 Q3 2019 Q4 2018
==================================== ====== ======= ======== ======== ========
Ore extraction kt 3,879 3,892 958 979 963
============================== ===== ====== ======= ======== ======== ========
Ore processed kt 3,791 4,030 1,016 982 982
============================== ===== ====== ======= ======== ======== ========
Copper
===================================== ====== ======= ======== ======== ========
Average grade processed % 1.71 1.81 1.78 1.62 1.83
============================== ===== ====== ======= ======== ======== ========
Orlovsky concentrator % 3.05 3.24 3.34 2.64 3.36
============================== ===== ====== ======= ======== ======== ========
Nikolayevsky concentrator % 1.54 1.53 1.51 1.64 1.56
============================== ===== ====== ======= ======== ======== ========
Belousovsky concentrator % 1.38 1.41 1.55 1.46 1.31
============================== ===== ====== ======= ======== ======== ========
Bozymchak concentrator % 0.82 0.86 0.79 0.83 0.85
============================== ===== ====== ======= ======== ======== ========
Average recovery rate % 90.4 89.7 90.9 89.6 90.2
============================== ===== ====== ======= ======== ======== ========
East Region % 90.8 90.0 91.2 89.8 90.6
============================== ===== ====== ======= ======== ======== ========
Bozymchak % 87.7 88.1 88.4 88.4 87.5
============================== ===== ====== ======= ======== ======== ========
Copper in concentrate kt 58.7 65.3 16.4 14.3 16.2
============================== ===== ====== ======= ======== ======== ========
Orlovsky concentrator kt 26.8 31.5 7.6 5.3 8.0
============================== ===== ====== ======= ======== ======== ========
Nikolayevsky concentrator kt 18.7 19.6 6.5 4.9 4.6
============================== ===== ====== ======= ======== ======== ========
Belousovsky concentrator kt 5.9 6.6 0.6 2.2 1.8
============================== ===== ====== ======= ======== ======== ========
Bozymchak concentrator kt 7.3 7.6 1.7 1.9 1.8
============================== ===== ====== ======= ======== ======== ========
Copper production(1) kt 55.5 61.7 15.6 13.5 15.3
============================== ===== ====== ======= ======== ======== ========
East Region kt 48.5 54.5 13.9 11.7 13.6
============================== ===== ====== ======= ======== ======== ========
Bozymchak kt 7.0 7.2 1.7 1.8 1.7
============================== ===== ====== ======= ======== ======== ========
Gold production(1) koz 53.7 55.0 12.9 14.4 14.0
============================== ===== ====== ======= ======== ======== ========
Silver production(1) koz 2,024 2,356 511 583 631
============================== ===== ====== ======= ======== ======== ========
Zinc in concentrate kt 38.3 49.7 9.4 10.5 11.4
============================== ===== ====== ======= ======== ======== ========
(1) Payable metal in concentrate.
Ore extraction decreased to 958 kt in Q4 (Q3 2019: 979 kt),
mainly due to reduced ore from the Artemyevsky mine.
Processing volumes in Q4 of 1,016 kt (Q3 2019: 982 kt) exceeded
extraction volumes, as stockpiled ore was processed at the
Nikolayevsky concentrator. The planned closure of the Belousovsky
concentrator occurred on 25 October 2019. Ore extracted from the
Irtyshsky mine was subsequently transported to the Nikolayevsky
concentrator for processing, making more efficient use of its
available capacity. Consequently, processing volumes at
Nikolayevsky in Q4 increased to 474 kt (Q3 2019: 319 kt).
The average copper grade of ore processed in Q4 increased to
1.78% due to the mining of higher grade zones at Orlovsky, where
the copper content averaged 3.34% (Q3 2019: 2.64%). Q4 copper
production increased by 16% to 15.6 kt (Q3 2019: 13.5 kt), mainly
due to higher throughput at Nikolayevsky and higher grades at
Orlovsky.
Full year ore extraction of 3,879 kt was in line with the prior
year (FY 2018: 3,892 kt). Full year processing volumes in 2019
decreased to 3,791 kt (FY 2018: 4,030 kt), as 2018 benefited from
additional processing of stockpiled ore.
The average copper grade processed in 2019 decreased to 1.71%
(FY 2018: 1.81%) primarily due to lower grades at Orlovsky, where
difficult geological conditions prevented access to higher grade
zones.
Full year copper production of 55.5 kt was in line with guidance
of c.55 kt but was 10% lower than the previous year (FY 2018: 61.7
kt) due to lower grades and processing of stockpiled ore in 2018.
At Artemyevsky, grades and processing volumes will remain at around
current levels until extraction commences from the second ore body
which is expected from 2022. Production from Orlovsky over the
remaining life of the mine is expected to be at or below current
output, as mining takes place in deeper horizons and more
challenging geological conditions.
Gold production decreased slightly in Q4 to 12.9 koz (Q3 2019:
14.4 koz), but full year output of 53.7 koz was above guidance of
40-45 koz, as indicated in the Group's Q3 2019 production report.
Gold output was supported by higher than expected grades at the
Bozymchak mine in Kyrgyzstan.
Silver output of 511 koz was 12% below the previous quarter (Q3
2019: 583 koz). Full year silver production of 2,024 koz (FY 2018:
2,356 koz) exceeded guidance of around 1,800 koz.
Zinc in concentrate production reduced in Q4 to 9.4 kt (Q3 2019:
10.5 kt) as the average grade of ore mined at Artemyevsky in the
transition zone between ore bodies remained below the life of mine
grade. Full year zinc in concentrate production of 38.3 kt was
below guidance of 40-45 kt, with the largest reduction at the
Orlovsky mine which produced 11.6 kt in 2019 compared to 24.8 kt in
the previous year. Zinc in concentrate output is similarly impacted
by the factors affecting copper production at Orlovsky and
Artemyevsky.
APPIX - METAL PRODUCTION
12m 12m
2019 2018 Q4 2019 Q3 2019 Q4 2018
================================= ====== ========== ======== ======== ==========
Copper production(1) kt 311.4 294.7 80.9 82.9 77.9
=========================== ===== ====== ========== ======== ======== ==========
Aktogay kt 145.7 131.4 34.3 37.3 36.0
=========================== ===== ====== ========== ======== ======== ==========
Bozshakol kt 110.2 101.6 31.0 32.1 26.6
=========================== ===== ====== ========== ======== ======== ==========
East Region kt 48.5 54.5 13.9 11.7 13.6
=========================== ===== ====== ========== ======== ======== ==========
Bozymchak kt 7.0 7.2 1.7 1.8 1.7
=========================== ===== ====== ========== ======== ======== ==========
Gold production(2) koz 201.5 183.4 55.3 58.5 48.4
=========================== ===== ====== ========== ======== ======== ==========
Aktogay koz 3.0 0.6 0.6 0.7 0.3
=========================== ===== ====== ========== ======== ======== ==========
Bozshakol koz 144.8 127.8 41.8 43.4 34.1
=========================== ===== ====== ========== ======== ======== ==========
East Region koz 12.9 15.3 3.5 3.8 4.4
=========================== ===== ====== ========== ======== ======== ==========
Bozymchak koz 40.8 39.7 9.4 10.6 9.6
=========================== ===== ====== ========== ======== ======== ==========
Silver production(2) koz 3,382 3,511 886 944 933
=========================== ===== ====== ========== ======== ======== ==========
Aktogay koz 555 489 139 128 130
=========================== ===== ====== ========== ======== ======== ==========
Bozshakol koz 803 666 236 233 172
=========================== ===== ====== ========== ======== ======== ==========
East Region koz 1,761 2,114 451 514 569
=========================== ===== ====== ========== ======== ======== ==========
Bozymchak koz 263 242 60 69 62
=========================== ===== ====== ========== ======== ======== ==========
Zinc in concentrate kt 38.3 49.7 9.4 10.5 11.4
=========================== ===== ====== ========== ======== ======== ==========
East Region kt 38.3 49.7 9.4 10.5 11.4
=========================== ===== ====== ========== ======== ======== ==========
Molybdenum in concentrate t 258 149 158 51 -
=========================== ===== ====== ========== ======== ======== ==========
Aktogay t 142 - 128 14 -
=========================== ===== ====== ========== ======== ======== ==========
Bozshakol t 116 149 30 37 -
=========================== ===== ====== ========== ======== ======== ==========
(1) Payable metal in concentrate and copper cathode from Aktogay
oxide ore.
(2) Payable metal in concentrate.
TOLL PROCESSING & FINISHED METALS
12m 12m
2019 2018 Q4 2019 Q3 2019 Q4 2018
======================================== ====== ========== ======== ======== ==========
Copper cathodes kt 132.2 105.9 30.8 38.7 27.8
================================== ===== ====== ========== ======== ======== ==========
Aktogay sulphide (toll
processed) kt 39.8 5.4 7.5 12.0 2.0
================================== ===== ====== ========== ======== ======== ==========
Aktogay oxide kt 22.7 25.7 4.2 6.7 6.8
================================== ===== ====== ========== ======== ======== ==========
Bozshakol (toll processed) kt 10.1 10.2 1.8 3.6 1.5
================================== ===== ====== ========== ======== ======== ==========
East Region (toll processed) kt 52.4 57.1 15.3 15.0 15.6
================================== ===== ====== ========== ======== ======== ==========
Bozymchak (toll processed) kt 7.2 7.5 2.0 1.4 1.9
================================== ===== ====== ========== ======== ======== ==========
Gold bar produced (toll
processed) koz 75.6 69.1 22.7 19.1 18.7
================================== ===== ====== ========== ======== ======== ==========
Silver bar produced (toll
processed) koz 2,492 2,573 772 675 724
================================== ===== ====== ========== ======== ======== ==========
APPIX - EAST REGION & BOZYMCHAK
12m 12m
2019 2018 Q4 2019 Q3 2019 Q4 2018
====================================== ======== ========= ======== ======== ========
Ore extraction kt 3,879 3,892 958 979 963
=============================== ====== ======== ========= ======== ======== ========
Orlovsky kt 969 1,088 249 230 265
=============================== ====== ======== ========= ======== ======== ========
Artemyevsky kt 1,235 1,238 299 325 301
=============================== ====== ======== ========= ======== ======== ========
Irtyshsky kt 594 629 145 149 157
=============================== ====== ======== ========= ======== ======== ========
Bozymchak kt 1,081 937 265 275 240
=============================== ====== ======== ========= ======== ======== ========
Ore processed kt 3,791 4,030 1,016 982 982
=============================== ====== ======== ========= ======== ======== ========
Orlovsky concentrator kt 969 1,087 250 229 265
=============================== ====== ======== ========= ======== ======== ========
Nikolayevsky concentrator kt 1,307 1,404 474 319 319
=============================== ====== ======== ========= ======== ======== ========
Belousovsky concentrator kt 491 537 43 172 157
=============================== ====== ======== ========= ======== ======== ========
Bozymchak concentrator kt 1,024 1,002 249 262 241
=============================== ====== ======== ========= ======== ======== ========
Gold
======================================= ======== ========= ======== ======== ========
Average grade processed g/t 0.70 0.73 0.64 0.72 0.74
=============================== ====== ======== ========= ======== ======== ========
East Region g/t 0.38 0.46 0.36 0.40 0.47
=============================== ====== ======== ========= ======== ======== ========
Bozymchak g/t 1.57 1.55 1.49 1.60 1.59
=============================== ====== ======== ========= ======== ======== ========
Average recovery rate % 66.7 61.8 65.9 67.3 63.6
=============================== ====== ======== ========= ======== ======== ========
East Region % 40.2 36.3 42.4 43.3 42.3
=============================== ====== ======== ========= ======== ======== ========
Bozymchak % 84.2 84.6 83.3 83.7 82.8
=============================== ====== ======== ========= ======== ======== ========
Gold in concentrate koz 57.1 58.5 13.7 15.3 15.0
=============================== ====== ======== ========= ======== ======== ========
East Region koz 13.6 16.3 3.7 4.0 4.8
=============================== ====== ======== ========= ======== ======== ========
Bozymchak koz 43.5 42.2 10.0 11.3 10.2
=============================== ====== ======== ========= ======== ======== ========
Gold production(1) koz 53.7 55.0 12.9 14.4 14.0
=============================== ====== ======== ========= ======== ======== ========
East Region koz 12.9 15.3 3.5 3.8 4.4
=============================== ====== ======== ========= ======== ======== ========
Bozymchak koz 40.8 39.7 9.4 10.6 9.6
=============================== ====== ======== ========= ======== ======== ========
Silver
======================================= ======== ========= ======== ======== ========
Average grade processed g/t 29.2 33.4 26.8 31.2 34.0
=============================== ====== ======== ========= ======== ======== ========
East Region g/t 35.9 40.9 32.4 38.3 41.4
=============================== ====== ======== ========= ======== ======== ========
Bozymchak g/t 11.2 10.7 9.7 11.7 11.4
=============================== ====== ======== ========= ======== ======== ========
Average recovery rate % 62.5 59.8 64.0 65.1 64.6
=============================== ====== ======== ========= ======== ======== ========
East Region % 60.7 58.3 62.0 63.7 63.5
=============================== ====== ======== ========= ======== ======== ========
Bozymchak % 78.0 77.0 83.9 77.5 76.0
=============================== ====== ======== ========= ======== ======== ========
Silver in concentrate koz 2,224 2,590 561 641 694
=============================== ====== ======== ========= ======== ======== ========
East Region koz 1,935 2,324 496 565 626
=============================== ====== ======== ========= ======== ======== ========
Bozymchak koz 288 266 65 76 68
=============================== ====== ======== ========= ======== ======== ========
Silver production(1) koz 2,024 2,356 511 583 631
=============================== ====== ======== ========= ======== ======== ========
East Region koz 1,761 2,114 451 514 569
=============================== ====== ======== ========= ======== ======== ========
Bozymchak koz 263 242 60 69 62
=============================== ====== ======== ========= ======== ======== ========
Zinc
======================================= ======== ========= ======== ======== ========
Average grade processed % 2.06 2.42 1.84 2.22 2.33
=============================== ====== ======== ========= ======== ======== ========
Orlovsky concentrator % 2.06 3.44 1.87 2.33 2.94
=============================== ====== ======== ========= ======== ======== ========
Nikolayevsky concentrator % 1.61 1.22 1.67 1.41 1.45
=============================== ====== ======== ========= ======== ======== ========
Belousovsky concentrator % 3.26 3.51 3.55 3.56 3.07
=============================== ====== ======== ========= ======== ======== ========
Average recovery rate % 67.1 67.8 66.6 65.8 66.0
=============================== ====== ======== ========= ======== ======== ========
Orlovsky concentrator % 58.4 66.4 54.4 57.1 63.7
=============================== ====== ======== ========= ======== ======== ========
Nikolayevsky concentrator % 72.6 65.7 73.0 71.0 66.4
=============================== ====== ======== ========= ======== ======== ========
Belousovsky concentrator % 70.8 72.4 70.6 69.5 69.4
=============================== ====== ======== ========= ======== ======== ========
Zinc in concentrate kt 38.3 49.7 9.4 10.5 11.4
=============================== ====== ======== ========= ======== ======== ========
Orlovsky concentrator kt 11.6 24.8 2.5 3.1 4.9
=============================== ====== ======== ========= ======== ======== ========
Nikolayevsky concentrator kt 15.4 11.2 5.8 3.2 3.1
=============================== ====== ======== ========= ======== ======== ========
Belousovsky concentrator kt 11.3 13.7 1.1 4.2 3.4
=============================== ====== ======== ========= ======== ======== ========
(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
DRLFLFETLSIAFII
(END) Dow Jones Newswires
January 30, 2020 02:00 ET (07:00 GMT)
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