Kaz Minerals Share Discussion Threads

[losses] 23/2/2017 11:20

Lol they call it gold miner... idiots don't even know KAZs main business which is copper.

[losses] 23/2/2017 11:19

KAZ Minerals Posts Huge Profit Increase, To Continue Raising OutputSource: Alliance NewsGold miner KAZ Minerals PLC published its annual 2016 results on Thursday, posting an 18-fold increase in profit after benefiting from higher...

[mr.oz] 23/2/2017 11:14

Copper clawing its way back

[losses] 23/2/2017 11:11

Surprised we are still below 600!!

[racg] 23/2/2017 10:01

I am betting on no.

[racg] 23/2/2017 10:01

Even for dullards like me with averages in the mid 200s, the gains are fantastic. I now have a massive CGT issue and fear of holding just to see those gains evaporate. But 6.80, isnt being too greedy for my next sale. Or is it? I m bettig

[smurfy2001] 23/2/2017 09:51

True capital gains have been significant...

[kenmitch] 23/2/2017 09:42

Emphasis is sure to be on reducing the debt so dividends unlikely for a good while. Anyway share price performance has been spectacular with a good chance of more to come, so no divi is no problem.

[cfro] 23/2/2017 09:06

Just a matter of ramping up production over next few months, then we will see profits and margins rise significantly and debt substantially reduced.

[yasharsad] 23/2/2017 09:06

Commodity prices are going up and Kaz mines has started being productive, i think that it is just being at the right time at the right place. I can see that dividends will be coming soon too. It is probably after debt restructuring which will put the company in a much stronger position. Good luck all.

[zho] 23/2/2017 08:42

KAZ Minerals (LON:KAZ)
KAZ Minerals has announced strong results driven by a combination of rising copper and gold prices as well as a strong operational performance. Revenue of US$969m was up 43% YoY as copper production of 140kt was up 73% YoY and gold production of 120koz was up 245% YoY, ahead of guidance. Group net cash costs of US$0.59/lb were down 46% YoY, driven by the significant by product credit contribution. Consequently EBITDA of US$492m was up 136% YoY. Net income of US$180m reversed a loss of US$10m in the prior year. KAZ has opted to not pay a dividend given the ramp up of Aktogay and Bozshakol, which drove the increase in production, is ongoing. We note that net debt increased 18% YoY to US$2.7bn owing to continued pressures from expansionary capex. However, with the ramp ups progressing well, KAZ appears to be on track to reducing its operating leverage.

[patience a virtue] 23/2/2017 08:37

Very happy with the results, all on track, 300KT next year at >$6000 equates 1.8b revenue plus silver and gold production, very high profit margin, way undervalued.

[arcadian] 23/2/2017 08:24

Says it all

“KAZ Minerals is now well positioned to achieve its target of 300,000 tonnes of copper production in 2018, delivering significant copper growth with low operating costs into a strengthening market,” he added. -

[adp] 23/2/2017 08:23

No divi expected

[jswjsw] 23/2/2017 08:23

mustau - I'm with you, but can someone explain this...

Total assets are stated as $5,057bn. With 446m shares in issue, that works out about £9/sh, which is 55% higher than where we are....!

[racg] 23/2/2017 08:20

No divski, we needski for helicopski padsi. Sorrski vouski Eminence Smurfski.

[topazfrenzy] 23/2/2017 08:17

I see it 4-6% up by close unless all the miners are dragged down today. £8 on its way.

[smurfy2001] 23/2/2017 08:15

No divi then?

[cfro] 23/2/2017 08:15

A stonking set of results. :-)

[mustau] 23/2/2017 08:05

I expected a 30% jump on the price!
Most miners looking weak, hoping gains are held.

[losses] 23/2/2017 07:36

PanicInvestor, I noticed that too.. increased from 2.2 to 2.6. I think that's to do with expansion... they did save $200 mil on the budget.Looking good for 2017/18

[samdb] 23/2/2017 07:34

Good EPS beat on even the best estimates.

[cambium] 23/2/2017 07:29

Gearing metrics significantly improved and set to reduce further

[panic investor] 23/2/2017 07:23

Anyone surprised debt hadn't been paid down at all or was this due to the expanded operations ? Some great performance figures though

[losses] 23/2/2017 07:23

Oleg Novachuk, Chief Executive, said: "The successful launch of our major growth projects has increased copper output by 73% at an industry leading net cash cost of 59 USc/lb. Following the recent commencement of production at the Aktogay sulphide concentrator both Aktogay and Bozshakol are operational. KAZ Minerals is now well positioned to achieve its target of 300 kt of copper production in 2018, delivering significant copper growth with low operating costs into a strengthening market."