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Kaz Minerals Share Discussion Threads
Showing 13551 to 13574 of 13575 messages
|Close above 500 positive. Next week will tell us if the short term down trend is broken|
|Drifting into the bank holiday|
|Well I have closed my long today nice run from 460.|
|Lack of turbo now ;)|
|Chart starting to look good too|
|Was expecting this price yesterday.|
|Nice action today, if copper kicked up some this could fly|
|Kaz often has a good run after (nearly always positive) results/production updates. Yesterday share price did well on a down day for most miners, and good gain today so far on better day generally. Though no news yet on debt repayments it's clear that debt is now less of a problem with profits increasing fast to help pay it off. Hence far better imo not paying a dividend until a lot of the debt paid off. For any who bought around the lows, or even a good bit higher, no dividend is not a bad deal!|
|Good performance today, lets hope that stays up..! -:)|
|This certainly has legs, still way undervalued going forward IMO|
|Copper, lead, zinc prices to stay on the boil
This article by Frik Els for Mining.com may be of interest to subscribers. Here is a section:
Industrial metals prices are projected to jump 16% this year due to strong demand, especially from China, and supply constraints, including mine disruptions in Chile, Indonesia and Peru, the World Bank says in its commodities markets outlook published on Wednesday.
Researchers at the institution believe zinc has the brightest prospects this year and will follow up 2016's 60% price gain with a 32% jump this year.
Lead, often a byproduct of zinc mines, will also build on last year's gains and is expected to add 18% in value due to mine supply constraints brought on by permanent closures due to resource exhaustion, as well as discretionary closures and downscaling in Canada, Peru and Australia top zinc miner and trader Glencore.
[Lead] demand remains strong for the battery and industrial sectors, including increasing demand for “stop/start” vehicles, which use batteries containing 25 percent more lead than conventional units. However, lead demand faces threats from a maturing electric bike sector in China and alternate battery technologies (e.g., lithium).
The authors of the report also warn however that zinc-lead fundamentals may change longer term as higher prices "prompt greater supply in China, and Glencore’s idled capacity eventually restarts."
Eoin Treacy's view
The industrial metals represent a clear bright spot within a commodity complex that is under pressure from excess supply, not least in the food sector. The mining sector on the other hand has been through a painful process of rationalisation where expansion has been cancelled and uneconomic supply shuttered. Generally speaking it takes time for higher prices to justify the expense of reopening mines so the potential for a further recovery remains intact.
|Lady Godiva breached once again.|
|So ved good to £12 on c&h?|
|I think VED is forming cup & handle position over 3 years. Worst case scenario is a double top ..! :-)|
|Lets hope what's happened with the share price for VED today - isn't the shape of things to come.|
|Positive news today was hoping to see well above 5, let just hope we don't have a ved effect here.|
|Whole markets are down this morning.|
|Should have shot opened above 500 easily on a good market day|
|Market holding this back today|
|Great timing on my purchase yesterday, if I say so myself.......
KAZ MINERALS GROUP PRODUCTION REPORT FOR THE FIRST QUARTER ENDED 31 MARCH 2017 AND INTERIM MANAGEMENT STATEMENT
l Copper production1 increased by 16% to 52 kt in Q1 2017 (Q4 2016: 45 kt) as new mines ramp up
l On track to meet 2017 production guidance for all metals
§ 23 kt copper production2 (Q4 2016: 21 kt)
§ Sulphide plant completed planned maintenance in January, higher throughput in March
§ Clay plant ramping up in line with expectations, processed 495 kt of ore in Q1
§ Sulphide concentrator commenced output in mid-February, 7 kt copper production2 in Q1
§ Copper in concentrate output benefitted from high grade in transitional zone
§ SX/EW cathode output of 5 kt (Q4 2016: 6 kt), seasonal impact of cold weather
l East Region and Bozymchak
§ Copper production2 of 17 kt (Q4 2016: 18 kt)
§ Volumes supported by processing of stockpiled ore from Yubileyno-Snegirikhinsky mine
§ By-product output on track for full year guidance
l Financial update
§ Net debt of $2,550 million at 31 March 2017, $1,098 million of funds available
§ Q1 financial position supported by limited project spend and refund of project VAT
§ 2017 project expenditure guidance for Aktogay reduced from $265 million to less than $200 million, due to commissioning efficiencies and operating synergies with Bozshakol
1 Payable metal in concentrate and copper cathode from Aktogay oxide ore.
2 Payable metal in concentrate.
Oleg Novachuk, Chief Executive, said: "I am pleased to report continued progress in the ramp up of our new mines, including an excellent first quarter of production from sulphide operations at Aktogay. The Aktogay concentrator commenced output in mid-February and has produced 7 kt of copper. KAZ Minerals is delivering industry-leading production growth as promised to the market and was amongst the lowest cost copper producers globally in 2016."
For further information please contact:
KAZ Minerals PLC
Investor Relations, London
Tel: +44 20 7901 7882
Investor Relations, London
Tel: +44 20 7901 7814
Corporate Communications, Almaty
Tel: +7 727 244 03 53
Tel: +44 20 7457 2020
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.|
|$65m+ saved in project costs and everything else on track. What's not to like?|
|Cu is turning positive.|
|More of a surface scratch.|