Kaz Minerals Share Discussion Threads

[manics] 28/4/2017 10:12

Lady Godiva breached once again.

[mustau] 27/4/2017 21:15

So ved good to £12 on c&h?

[umitw] 27/4/2017 19:56

I think VED is forming cup & handle position over 3 years. Worst case scenario is a double top ..! :-)

[corpraiders] 27/4/2017 17:46

Lets hope what's happened with the share price for VED today - isn't the shape of things to come.

[mustau] 27/4/2017 16:20

Positive news today was hoping to see well above 5, let just hope we don't have a ved effect here.

[umitw] 27/4/2017 10:57

Whole markets are down this morning.

[losses] 27/4/2017 10:29

Should have shot opened above 500 easily on a good market day

[rampant_bull] 27/4/2017 09:44

Market holding this back today

[3rd eye] 27/4/2017 08:20

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

l Bozshakol
§ 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

l Aktogay
§ 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


Chris Bucknall
Investor Relations, London
Tel: [phone]
Anna Mallere
Investor Relations, London
Tel: [phone]
Maksut Zhapabayev
Corporate Communications, Almaty
Tel: [phone]
Instinctif Partners


David Simonson

Tel: [phone]

REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.

[mr woodentop] 27/4/2017 08:20

$65m+ saved in project costs and everything else on track. What's not to like?

[umitw] 27/4/2017 08:17

Cu is turning positive.

[racg] 27/4/2017 07:54

More of a surface scratch.

[manics] 27/4/2017 07:35

Net debt has taken a dent.

[racg] 27/4/2017 07:30

Dissapointed debt refinance not mentioned. Otherwise nothing to scare the horses.

[losses] 27/4/2017 07:23

Fantastic update.. delivered well on everything and sticking by guidance for future.

[plastow] 27/4/2017 07:23

All good still ramping up ..I wonder how the market take it ...probably mark it down ??

[b2l] 27/4/2017 07:09

all very good ....... seems to get a good day



27 April 2017

KAZ MINERALS GROUP Production Report for THE FIRST QUARTER Ended 31 MARCH 2017 AND INTERIM MANAGEMENT STATEMENT

l Copper production(1) 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

l Bozshakol

-- 23 kt copper production(2) (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

l Aktogay

-- Sulphide concentrator commenced output in mid-February, 7 kt copper production(2) 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 production(2) 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."

[losses] 26/4/2017 17:57

Update tomorrow

[technowiz] 26/4/2017 17:27

why did this rise all day yet VED and GLEN both fell before rising late afternoon?

[umitw] 26/4/2017 16:39

There is a demand for the shares today, may it continue..!

[manics] 26/4/2017 16:35

479.1 your days UT. See you at 07:00.

[manics] 26/4/2017 16:17

...or a setup for the trapdoor?! Gotta love the market.

[umitw] 26/4/2017 16:14

Tide is turning around, is this in expectation of a good news..?

[adp] 26/4/2017 15:52

Almost looking interesting again. Month high could be possible