TIDMKAZ
RNS Number : 4868U
KAZ Minerals PLC
30 July 2015
KAZ MINERALS PLC
6(TH) FLOOR
CARDINAL PLACE
100 VICTORIA STREET
LONDON SW1E 5JL
Tel: +44 (0) 20 7901 7800
============================
30 July 2015
Kaz minerals PLC Production Report FOR six months and the second
QUARTER ENDED 30 June 2015
l H1 copper cathode production 37 kt
-- Build-up of copper work in progress at smelter due to
scheduled Q2 maintenance
-- Underlying copper in concentrate output 43 kt in H1
-- East Region and Bozymchak on track to achieve 2015 cathode
production target of 80-85 kt
l Strong zinc and silver output in H1
-- Zinc in concentrate output 50 kt (FY 2015E 90-95 kt)
-- Silver granule output 1,661 koz (FY 2015E 2,250-2,500 koz)
benefiting from a release of work in progress
-- Full year production for zinc and silver expected to be at
the top end of guided range
l H1 gold bar output 16 koz
-- Underlying gold in concentrate output 20 koz
-- 2015 guidance revised to 34-38 koz
l Bozshakol and Aktogay pre-production mining
-- Mining activities commenced in late May at Bozshakol ahead of
sulphide ore extraction in Q3
-- Oxide ore output commenced at Aktogay with 251 kt ore mined
in June
Oleg Novachuk, Chief Executive, said: "We are pleased to report
another solid quarter of production from our East Region mines. At
the half year we are on target to achieve our 2015 copper cathode
guidance and we have delivered strong zinc and silver production.
Pre-production activities have started at both Bozshakol and
Aktogay in preparation for the commissioning of processing
facilities in the fourth quarter of 2015."
For further information please contact:
KAZ Minerals PLC
==================== ============================= ====================
Chris Bucknall Investor Relations, London Tel: +44 20 7901
7882
Tel: +44 20 7901
Irene Burton Investor Relations, London 7814
Maksut Zhapabayev Corporate Communications, Tel: +7 727 244
Almaty 03 53
==================== ============================= ====================
Instinctif Partners
==================== ============================= ====================
Tel: +44 20 7457
David Simonson 2020
Tel: +44 20 7457
Anca Spiridon 2020
==================== ============================= ====================
Hill & Knowlton Hong Kong
============================= ==================== ====================
K W Lam Tel: +852 2894 6321
==================== ============================= ====================
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 is a leading copper producer in Kazakhstan
with five operating mines and four concentrators. In 2014, total
copper cathode output from continuing operations was 84 kt. The
Group's continuing operations also produced 121 kt of zinc in
concentrate, 3,435 koz of silver and 35 koz of gold in 2014.
The Group has two major copper projects under construction,
Bozshakol and Aktogay, and a third, Koksay, at scoping stage. These
projects are expected to deliver one of the highest growth rates in
the industry and transform KAZ Minerals into a company dominated by
world class open pit copper mines.
KAZ Minerals PLC is listed on the London Stock Exchange, the
Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and
employs around 10,000 people, principally in Kazakhstan.
MINING PRODUCTION
Production summary
East Region and Bozymchak
6m
6m 2015 2014 Q2 2015 Q1 2015 Q2 2014
=========================== ======== ====== ======== ======== ========
Ore extraction kt 2,227 2,252 1,176 1,051 1,156
========================= ====================== ======== ====== ======== ======== ========
Average copper grade % 2.24 2.47 2.17 2.31 2.42
================================ =============== ======== ====== ======== ======== ========
Copper in ore
mined kt 49.8 55.7 25.5 24.3 28.0
========================= ====================== ======== ====== ======== ======== ========
Copper in concentrate kt 43.3 44.4 21.8 21.5 22.3
==================================== =========== ======== ====== ======== ======== ========
Copper cathode production(1) kt 36.7 41.1 17.6 19.1 19.9
========================================== ===== ======== ====== ======== ======== ========
Zinc in concentrate kt 49.9 61.7 24.8 25.1 30.0
========================================== ===== ======== ====== ======== ======== ========
Silver granule(1) koz 1,661 1,668 766 895 717
========================================== ===== ======== ====== ======== ======== ========
Gold bar(1) koz 16.1 17.7 9.7 6.4 7.7
========================================== ===== ======== ====== ======== ======== ========
(1) Toll processed at the Balkhash smelter.
Ore extraction of 2,227 kt in H1 2015 was in line with the
comparative period in 2014, whilst copper in ore production was 11%
lower due to reduced copper grades. The average copper grade of
2.24% was below the 2.47% grade in H1 2014, mainly reflecting a
decrease in grade at the Orlovsky mine and an increased
contribution from Bozymchak at a grade of 0.99%. Ore extraction in
Q2 2015 was 12% above Q1 2015 at 1,176 kt, with the copper grade
reduction to 2.17% from 2.31% mainly reflecting increased
extraction at Bozymchak in Q2 2015.
In H1 2015, copper in concentrate output decreased by 2% to 43.3
kt compared to H1 2014, as lower copper in ore production was
partially offset by the stockpiling of ore from Artemyevsky in H1
2014, whilst modernisation works were undertaken at the
Nikolayevsky concentrator.
Copper cathode output of 36.7 kt in H1 2015 does not fully
reflect the copper in concentrate production of 43.3 kt due to a
build-up of work in progress at the Balkhash smelter, where copper
concentrate from the East Region and Bozymchak is toll processed.
Scheduled maintenance took place at one of the smelter's furnaces
during Q2, temporarily reducing processing capacity. The work in
progress is expected to be released during H2 2015.
In H1 2015, zinc in concentrate output reduced by 19% to 49.9 kt
compared to H1 2014, as mining activities moved to lower by-product
grade areas. In particular, zinc grades at the Orlovsky mine have
decreased as mining has moved to lower levels with reduced grades
and extraction at Artemyevsky has moved into a lower grade
transitional zone between two ore bodies. The anticipated decline
in zinc grade at Artemyevsky occurred later than expected, as high
by-product content areas were encountered close to the edge of the
depleted ore body. Output also benefited from the processing of
higher grade stockpiled material at the Nikolayevsky concentrator.
Zinc output for the full year is now expected to be at the upper
end of the guidance for 2015 of 90-95 kt of zinc in
concentrate.
Strong silver granule output of 1,661 koz benefited from higher
than expected silver grades at Artemyevsky and Irtyshsky in H1
2015, improved recovery rates and a release of work in progress.
Silver granule output in H2 2015 is planned to decrease as a result
of lower silver grades and as the first half benefited from a
release of work in progress. Recovery rates for silver improved as
a result of the processing of higher grade material. Silver output
for the full year is now expected to be at the upper end of the
guidance for 2015 of 2,250-2,500 koz of silver granule.
Gold output was supported by a contribution of 5.1 koz of gold
bar from Bozymchak in H1 2015, partially offsetting the lower gold
grades in the East Region. Gold production from Bozymchak is
expected to increase in H2 2015 as optimisation works at the
on-site concentrator continue and work in progress at the smelter
is released. The concentrator optimisation works are now expected
to be completed by the end of 2015 based on the equipment delivery
schedule. The guidance for gold bar output from the East Region and
Bozymchak has been reduced to between 34 koz and 38 koz in
2015.
MINING PRODUCTION
Copper
MINING 6m 2015 6m 2014 Q2 2015 Q1 2015 Q2 2014
================================================= ======== ======== ======== ======== =========
Artemyevsky ore (kt) 649 674 325 324 350
========================== ===================== ======== ======== ======== ======== =========
grade
(%) 1.72 1.79 1.70 1.73 1.78
=================================== ============ ======== ======== ======== ======== =========
Irtyshsky ore (kt) 327 321 163 164 159
========================== ===================== ======== ======== ======== ======== =========
grade (%) 1.71 1.47 1.67 1.74 1.49
========================== ===================== ======== ======== ======== ======== =========
Orlovsky ore (kt) 704 783 350 354 400
===================================== ========== ======== ======== ======== ======== =========
grade (%) 3.48 3.84 3.47 3.49 3.83
=============================== ================ ======== ======== ======== ======== =========
Yubileyno-Snegirikhinsky ore (kt) 323 359 166 157 184
===================================== ========== ======== ======== ======== ======== =========
grade
(%) 1.97 2.13 2.06 1.88 1.88
==================================== =========== ======== ======== ======== ======== =========
Bozymchak ore (kt) 224 115 172 52 63
==================================== =========== ======== ======== ======== ======== =========
grade
(%) 0.99 0.98 0.99 0.99 0.94
==================================== =========== ======== ======== ======== ======== =========
East Region & Bozymchak ore (kt) 2,227 2,252 1,176 1,051 1,156
==================================== =========== ======== ======== ======== ======== =========
grade
(%) 2.24 2.47 2.17 2.31 2.42
==================================== =========== ======== ======== ======== ======== =========
Aktogay ore (kt) 251 - 251 - -
==================================== =========== ======== ======== ======== ======== =========
grade
(%) 0.31 - 0.31 - -
==================================== =========== ======== ======== ======== ======== =========
Total ore (kt) 2,478 2,252 1,427 1,051 1,156
==================================== =========== ======== ======== ======== ======== =========
grade (%) 2.04 2.47 1.84 2.31 2.42
=============================== ================ ======== ======== ======== ======== =========
Ore extraction in H1 2015 from the East Region and Bozymchak
mines of 2,227 kt was in line with the comparative period in 2014.
East Region ore output decreased by 6% to 2,003 kt, offset by
additional output from Bozymchak, which increased to 224 kt from
115 kt in H1 2014.
Ore output of 1,176 kt in Q2 2015 was 12% above Q1 2015, mainly
reflecting the higher contribution from Bozymchak. Ore extraction
in the East Region in Q2 2015 was in line with the previous
quarter.
The average copper grade in H1 2015 was 2.24%, lower than the
grade of 2.47% in the 2014 comparative period mainly due to a
decrease in grade at Orlovsky to 3.48% (H1 2014: 3.84%) and the
increased contribution from Bozymchak at a copper grade of
0.99%.
The reduction in the average copper grade in Q2 2015 to 2.17%
compared to 2.31% in Q1 2015 was mainly attributable to the
increased volumes of lower grade ore mined at Bozymchak in Q2
2015.
In H1 2015, ore extraction decreased at Orlovsky by 10% compared
to H1 2014 and the copper grade was 3.48% (H1 2014: 3.84%). Ore
output and grade were both reduced as extraction moved to deeper
sections.
Ore output at the Artemyevsky mine in H1 2015 was marginally
below the prior year period due to equipment downtime, which
temporarily restricted ore extraction. The copper grade decreased
to 1.72% (H1 2014: 1.79%) in line with management expectations as
mining moves through a transitional zone between two ore
bodies.
Ore extraction at the Irtyshsky mine in H1 2015 was in line with
the prior year period. The higher copper grade at Irtyshsky of
1.71% in H1 2015 (H1 2014: 1.47%) partially offset the lower grades
across other mines as extraction temporarily moved through higher
metal grade areas.
Ore output at the Yubileyno-Snegirikhinsky mine in H1 2015 was
10% below the comparative period in 2014. The mine is expected to
cease operations during 2016 due to the depletion of resources.
Ore extraction at Bozymchak in the current year will be limited
to approximately 400 kt and will be performed alongside stripping
work. Combined with ore stockpiled in 2014 this rate of extraction
will be sufficient for processing during 2015.
Bozshakol and Aktogay
Pre-production mining operations at Bozshakol commenced in late
May in advance of sulphide ore extraction in the third quarter. Ore
extraction at Aktogay commenced in Q2 2015, with 251 kt of oxide
ore containing 0.8 kt of copper mined ahead of irrigation in H2
2015. Each of the heap leach cells at Aktogay has a capacity of
approximately 1 million tonnes of ore per cycle and will be filled
at one month intervals once mining is fully ramped up.
MINING PRODUCTION
Copper
6m Q2 Q1 Q2
PROCESSING 2015 6m 2014 2015 2015 2014
================================== =================== ====== ======== ====== ====== ======
Orlovsky concentrator kt 22.2 26.6 11.2 11.0 13.3
============================= ======================== ====== ======== ====== ====== ======
Nikolayevsky concentrator kt 14.6 11.8 7.4 7.2 6.0
============================ ========================= ====== ======== ====== ====== ======
Belousovsky concentrator kt 5.2 4.3 2.6 2.6 2.3
============================= ======================== ====== ======== ====== ====== ======
Third party(1) kt - 1.7 - - 0.7
============================= ======================== ====== ======== ====== ====== ======
Bozymchak concentrator kt 1.3 - 0.6 0.7 -
============================== ======================= ====== ======== ====== ====== ======
Total copper in concentrate
output kt 43.3 44.4 21.8 21.5 22.3
======================================== ============= ====== ======== ====== ====== ======
Total copper cathode production(2) kt 36.7 41.1 17.6 19.1 19.9
=============================================== ====== ====== ======== ====== ====== ======
(1) Third party processing of ore ceased in Q3 2014.
(2) Toll processed at the Balkhash smelter.
Copper in concentrate production in H1 2015 was 2% or 1.1 kt
below the comparative period in 2014, mainly due to the lower
volume of copper in ore mined at Orlovsky. Copper in ore mined in
H1 2015 declined by 11% versus H1 2014, but this was offset by the
stockpiling of ore in H1 2014 whilst modernisation works were
undertaken at the Nikolayevsky concentrator.
Copper in concentrate output in H1 2015 also benefited from an
increase in recovery rates across the East Region to 89.3% compared
to 88.2% in the prior year period, despite the lower ore grade.
Increased recovery rates were mainly the result of the increased
capacity of the Nikolayevsky concentrator following modernisation
works, which allowed processing to take place at a higher recovery
rate compared to those achieved through third party processing.
Q2 2015 copper in concentrate output was consistent with the
previous quarter.
The Orlovsky concentrator produced 22.2 kt of copper in
concentrate in H1 2015, representing a decline of 17% or 4.4 kt
compared to H1 2014, in line with the mine's 19% or 5.6 kt
reduction in copper metal in ore extracted from the mine.
The Nikolayevsky concentrator, which processes ore from
Artemyevsky and Yubileyno-Snegirikhinsky, increased copper in
concentrate output to 14.6 kt in H1 2015 (H1 2014: 11.8 kt). The
increase reflects the restricted capacity of the concentrator
during H1 2014 whilst modernisation works were undertaken, with 1.7
kt of copper in concentrate produced by a third party from
Artemyevsky ore in that period. The modernisation works have
increased the capacity of the concentrator and shipments of ore for
third party processing ceased in Q3 2014.
The Belousovsky concentrator, processing ore from the Irtyshsky
mine, delivered 21% or 0.9 kt higher copper in concentrate
production in H1 2015 versus the comparable period in 2014. This
was mainly a result of the higher copper grade at Irtyshsky of
1.71% (H1 2014: 1.47%).
Output from the Bozymchak concentrator was constrained in H1
2015 as optimisation works were undertaken to increase throughput
capacity and improve recovery rates. The optimisation works
necessitated periods of production downtime whilst additional
equipment was installed. The optimisation works will continue in H2
2015 and are expected to deliver increased throughput by the end of
the year.
Copper cathode production in H1 2015 was 11% below H1 2014 at
36.7 kt. Annual maintenance works at one of the two furnaces at the
Balkhash smelter in Q2 2015 restricted available smelting capacity
and resulted in a build-up of copper cathode work in progress which
will be processed in H2 2015. Further maintenance works are also
planned for Q3 2015 on the second furnace. Guidance for copper
cathode production from the East Region and Bozymchak in 2015 is
maintained at between 80 kt and 85 kt.
Copper cathode production in Q2 2015 was 8% or 1.5 kt below Q1
2015 despite similar levels of copper in concentrate production,
reflecting the build-up of work in progress at the smelter in Q2
2015.
MINING PRODUCTION
Other Metals
Zinc
MINING & PROCESSING 6m 2015 6m 2014 Q2 2015 Q1 2015 Q2 2014
============================ ===== ======== ======== ======== ======== ========
Zinc bearing ore
mined kt 2,003 2,137 1,004 999 1,093
====================== =========== ======== ======== ======== ======== ========
Average zinc grade % 3.25 4.29 3.27 3.23 3.96
====================== =========== ======== ======== ======== ======== ========
Zinc in ore mined kt 65.1 91.7 32.8 32.3 43.3
====================== =========== ======== ======== ======== ======== ========
Zinc in concentrate kt 49.9 61.7 24.8 25.1 30.0
===================== ============ ======== ======== ======== ======== ========
Zinc in ore mined in H1 2015 was 29% below H1 2014 as average
grades declined to 3.25% compared to 4.29% in the prior year
period. Average zinc grades at the Orlovsky and Artemyevsky mines
decreased to 4.06% and 3.34% respectively in H1 2015 (H1 2014:
6.03% and 4.16%), as production moves to lower zinc grade areas.
Ore output at Orlovsky also declined by 10% in line with the lower
output expectations for this mine as extraction moves to deeper
sections. At Artemyevsky, some areas of higher than anticipated
by-product grades were mined close to the edge of the depleted ore
body which partially offset the lower zinc content in the
transitional zone. The average zinc grade in Q2 2015 of 3.27% was
broadly in line with the previous quarter.
Zinc in concentrate output in H1 2015 of 49.9 kt was 19% or 11.8
kt below the comparative period in 2014. This reflects a 29%
decrease in zinc metal in ore mined due to lower grade and ore
output, partially offset by stockpiling of ore at the Nikolayevsky
concentrator in H1 2014 during modernisation works. Production was
supported by a strong recovery rate at the Belousovsky concentrator
where adjustments were made to reagents used in processing which
improved zinc recoveries.
Zinc in concentrate output in Q2 2015 was in line with Q1
2015.
Zinc output in H2 2015 is anticipated to be lower than H1 2015,
mainly due to declining by-product grades at Artemyevsky. Following
the strong output in the first half, zinc in concentrate production
for the full year is now expected to be at the upper end of the
guidance for 2015 of 90-95 kt.
MINING PRODUCTION
Other Metals
Silver
MINING & PROCESSING 6m 2015 6m 2014 Q2 2015 Q1 2015 Q2 2014
============================== ==== ======== ======== ======== ======== ========
Silver bearing ore
mined kt 2,227 2,252 1,176 1,051 1,156
======================== ========== ======== ======== ======== ======== ========
Average silver grade g/t 45.5 58.9 43.1 48.1 56.9
======================== ========== ======== ======== ======== ======== ========
Silver in ore mined koz 3,255 4,269 1,629 1,626 2,116
======================== ========== ======== ======== ======== ======== ========
Silver in concentrate koz 1,667 1,788 803 864 888
======================= =========== ======== ======== ======== ======== ========
Silver granule koz 1,661 1,668 766 895 717
======================== ========== ======== ======== ======== ======== ========
Silver in ore mined decreased in H1 2015 by 24% or 1,014 koz
compared to H1 2014, principally due to a lower silver grade of
37.6 g/t (H1 2014: 70.7 g/t) at Artemyevsky as mining operations
moved to a transitional area between ore bodies with lower
by-product content. In addition, silver in ore mined decreased at
Orlovsky as extraction moved to lower metal grade sections at
deeper horizons.
Output of silver in concentrate in H1 2015 fell by 7% or 121 koz
from the comparative period in 2014, to 1,667 koz, as the
underlying 24% decrease in silver in ore output was partially
offset by stockpiling of ore at the Nikolayevsky concentrator
during modernisation works in H1 2014.
Silver granule output in H1 2015 of 1,661 koz was in line with
the comparative period in 2014. Production in H1 2015 benefited
from a release of work in progress, compared to a build-up of work
in progress in H1 2014.
Silver granule output in Q2 2015 was 14% or 129 koz lower than
Q1 2015, reflecting a 7% decrease in silver in concentrate output
and a release of work in progress in Q1 2015.
Silver production in H1 2015 benefited from higher than
anticipated by-product grades at Artemyevsky, although they were
lower than the prior year period. Recovery rates also improved, in
particular at the Belousovsky concentrator, due to the processing
of higher grade ore from the Irtyshsky mine. Silver output in H2
2015 is planned to be lower than H1 2015 due to lower silver
grades, mainly as a result of declining by-product grades at
Artemyevsky and as the first half benefited from a release of work
in progress. Following the strong production in H1 2015, silver
output for the full year is expected to be at the upper end of the
guidance of 2,250-2,500 koz of silver granule.
MINING PRODUCTION
Other Metals
Gold
MINING & PROCESSING 6m 2015 6m 2014 Q2 2015 Q1 2015 Q2 2014
============================= ==== ======== ======== ======== ======== ========
Gold bearing ore mined kt 2,227 2,252 1,176 1,051 1,156
======================== ========= ======== ======== ======== ======== ========
Average gold grade g/t 0.74 0.88 0.77 0.71 0.87
======================== ========= ======== ======== ======== ======== ========
Gold in ore mined koz 53.3 63.8 29.2 24.1 32.2
======================== ========= ======== ======== ======== ======== ========
Gold in concentrate koz 19.6 17.2 8.9 10.7 8.3
======================== ========= ======== ======== ======== ======== ========
Gold bar koz 16.1 17.7 9.7 6.4 7.7
======================== ========= ======== ======== ======== ======== ========
Gold in ore mined decreased in H1 2015 by 17% or 10.5 koz
compared to H1 2014, principally due to lower gold grades at
Artemyevsky and Orlovsky and the lower volume of ore mined at
Orlovsky. The overall gold grade in the East Region operations
decreased to 0.63 g/t in H1 2015 from 0.82 g/t in H1 2014.
Bozymchak contributed 12.5 koz or 23% of the total gold in ore
mined in H1 2015 compared to 7.2 koz in H1 2014, partially
offsetting the decrease in the East Region output. Overall gold in
concentrate output in H1 2015 increased by 14% to 19.6 koz (H1
2014: 17.2 koz) as the contribution from Bozymchak of 6.8 koz more
than offset the decrease in the East Region's production.
Gold bar production of 16.1 koz in H1 2015 was 9% or 1.6 koz
below 2014 levels as the 14% increase in gold in concentrate output
was more than offset by a release of work in progress in H1 2014
compared to the build-up of work in progress at the Balkhash
smelter in H1 2015.
Bozymchak contributed finished metal of 5.1 koz in H1 2015 from
gold in concentrate output of 6.8 koz, with some concentrate in
transit.
Gold in concentrate production in Q2 2015 was 17% or 1.8 koz
below Q1 2015 due to lower production from the East Region and
restricted processing at the Bozymchak concentrator whilst
optimisation works took place. Gold bar output in Q2 2015 was 52%
or 3.3 koz above Q1 2015, as Q2 production benefited from a release
of work in progress compared to a build-up in Q1 2015.
Gold production from Bozymchak is expected to increase as
optimisation works at the on-site concentrator continue and work in
progress at the smelter is released. The concentrator optimisation
works are now expected to be completed by the end of 2015 and
therefore the guidance for gold bar output from the East Region and
Bozymchak has been reduced to between 34 koz and 38 koz in
2015.
APPENDIX - GROUP PRODUCTION SUMMARY
Copper processing
6m
East Region 6m 2015 2014 Q2 2015 Q1 2015 Q2 2014
====================================== ======== ====== ======== ======== ========
Copper concentrate kt 213.9 234.8 106.6 107.3 115.8
================================ ==== ======== ====== ======== ======== ========
Copper in concentrate kt 42.0 44.4 21.2 20.8 22.3
================================ ==== ======== ====== ======== ======== ========
Bozymchak
====================================== ======== ====== ======== ======== ========
Copper concentrate kt 5.6 - 2.7 2.9 -
================================ ==== ======== ====== ======== ======== ========
Copper in concentrate kt 1.3 - 0.6 0.7 -
================================ ==== ======== ====== ======== ======== ========
Total copper concentrate kt 219.5 234.8 109.3 110.2 115.8
================================ ==== ======== ====== ======== ======== ========
Total copper in concentrate kt 43.3 44.4 21.8 21.5 22.3
================================ ==== ======== ====== ======== ======== ========
Copper cathode output (tolled) kt 36.7 41.1 17.6 19.1 19.9
================================ ==== ======== ====== ======== ======== ========
East Region kt 35.8 41.1 17.1 18.7 19.9
================================ ==== ======== ====== ======== ======== ========
Bozymchak kt 0.9 - 0.5 0.4 -
================================ ==== ======== ====== ======== ======== ========
Other metals mining - Zinc
6m
East Region 6m 2015 2014 Q2 2015 Q1 2015 Q2 2014
======================================= ======== ====== ======== ======== ========
Zinc bearing ore mined kt 2,003 2,137 1,004 999 1,093
========================== =========== ======== ====== ======== ======== ========
Artemyevsky grade (%) 3.34 4.16 3.37 3.31 3.86
========================== =========== ======== ====== ======== ======== ========
Irtyshsky grade (%) 3.21 3.42 3.12 3.29 3.28
========================== =========== ======== ====== ======== ======== ========
Orlovsky grade (%) 4.06 6.03 4.14 3.99 5.58
========================== =========== ======== ====== ======== ======== ========
Yubileyno-Snegirikhinsky grade (%) 1.34 1.52 1.39 1.30 1.25
========================== =========== ======== ====== ======== ======== ========
Average grade (%) 3.25 4.29 3.27 3.23 3.96
========================== =========== ======== ====== ======== ======== ========
Zinc in ore mined kt 65.1 91.7 32.8 32.3 43.3
========================== =========== ======== ====== ======== ======== ========
Zinc in concentrate kt 49.9 61.7 24.8 25.1 30.0
========================== =========== ======== ====== ======== ======== ========
APPENDIX - GROUP PRODUCTION SUMMARY
Other metals mining - Silver
6m
East Region and Bozymchak 6m 2015 2014 Q2 2015 Q1 2015 Q2 2014
====================================== ================ ======== ====== ========== ========== ==========
Silver bearing ore mined kt 2,227 2,252 1,176 1,051 1,156
============================================ ========== ======== ====== ========== ========== ==========
grade
Artemyevsky (g/t) 37.6 70.7 38.3 36.8 73.7
============================================ ========== ======== ====== ========== ========== ==========
Irtyshsky grade (g/t) 67.9 48.2 69.7 66.1 46.9
====================== ================================ ======== ====== ========== ========== ==========
Orlovsky grade (g/t) 66.0 77.7 61.5 70.5 70.7
==================================== ================== ======== ====== ========== ========== ==========
Yubileyno-Snegirikhinsky grade (g/t) 18.2 20.9 21.8 14.5 19.6
==================================== ================== ======== ====== ========== ========== ==========
Bozymchak grade (g/t) 10.1 11.2 10.1 10.1 10.5
====================================== ================ ======== ====== ========== ========== ==========
Average grade (g/t) 45.5 58.9 43.1 48.1 56.9
====================================== ================ ======== ====== ========== ========== ==========
Silver in ore mined koz 3,255 4,269 1,629 1,626 2,116
====================================== ================ ======== ====== ========== ========== ==========
East Region koz 3,182 4,227 1,573 1,609 2,095
=============================== ======================= ======== ====== ========== ========== ==========
Bozymchak koz 73 42 56 17 21
===================================== ================= ======== ====== ========== ========== ==========
Total silver in concentrate koz 1,667 1,788 803 864 888
===================================== ================= ======== ====== ========== ========== ==========
East Region koz 1,621 1,788 781 840 888
===================================== ================= ======== ====== ========== ========== ==========
Bozymchak koz 46 - 22 24 -
===================================== ================= ======== ====== ========== ========== ==========
Silver granule output koz 1,661 1,668 766 895 717
================================ ====================== ======== ====== ========== ========== ==========
East Region koz 1,629 1,668 740 889 717
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Bozymchak koz 32 - 26 6 -
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Other metals mining - Gold
6m
East Region and Bozymchak 6m 2015 2014 Q2 2015 Q1 2015 Q2 2014
================================== ================ ======== ====== ========== ========== ==========
Gold bearing ore mined kt 2,227 2,252 1,176 1,051 1,156
================================= ================= ======== ====== ========== ========== ==========
Artemyevsky grade (g/t) 0.38 0.66 0.39 0.37 0.72
================= ================================= ======== ====== ========== ========== ==========
Irtyshsky grade (g/t) 0.29 0.29 0.27 0.31 0.32
================= ================================= ======== ====== ========== ========== ==========
Orlovsky grade (g/t) 1.17 1.39 1.13 1.21 1.27
================= ================================= ======== ====== ========== ========== ==========
Yubileyno-Snegirikhinsky grade (g/t) 0.33 0.38 0.28 0.39 0.38
=============================== =================== ======== ====== ========== ========== ==========
Bozymchak grade (g/t) 1.73 1.94 1.71 1.78 1.93
=============================== =================== ======== ====== ========== ========== ==========
Average grade (g/t) 0.74 0.88 0.77 0.71 0.87
=============================== =================== ======== ====== ========== ========== ==========
Gold metal in ore mined koz 53.3 63.8 29.2 24.1 32.2
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East Region koz 40.8 56.7 19.6 21.2 28.3
============================== ==================== ======== ====== ========== ========== ==========
Bozymchak koz 12.5 7.1 9.6 2.9 3.9
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Gold in concentrate koz 19.6 17.2 8.9 10.7 8.3
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East Region koz 12.8 17.2 5.8 7.0 8.3
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Bozymchak koz 6.8 - 3.1 3.7 -
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Gold bar output koz 16.1 17.7 9.7 6.4 7.7
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East Region koz 11.0 17.7 5.3 5.7 7.7
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Bozymchak koz 5.1 - 4.4 0.7 -
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This information is provided by RNS
The company news service from the London Stock Exchange
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