Month: October 2018

Total Voting Rights

In conformity with 5.6.1R of the Disclosure Guidance and Transparency Rules (“the Rules”), the Company hereby notifies the market of the following:

At the date of this announcement, the total issued share capital of the Company comprises 458,379,033 ordinary shares.

The Company currently holds 10,264,022 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 448,115,011 ordinary shares (excluding treasury shares).

The above figure of 448,115,011 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules.

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Q3 Production Report 2018

KAZ MINERALS GROUP Production Report for NINE months and THE THIRD QUARTER Ended 30 SEPTEMBER 2018

  • Operational highlights
    • Copper production1 increased by 7% to 77.2 kt (Q2 2018: 72.3 kt) with higher ore throughput at all assets, well positioned to achieve full year guidance of 270-300 kt
    • Gold production2 in Q3 of 45.1 koz (Q2 2018: 39.9 koz), full year output expected to be at top end of 160-175 koz guidance range
  • Bozshakol
    • Copper production2 of 25.2 kt, an increase of 10% (Q2 2018: 22.9 kt), mainly due to higher ore throughput
    • Ore processed in Q3 was at design throughput capacity (Q2 2018: 90%)
    • On track for full year copper production guidance of 95-105 kt
    • Gold production2 increased by 19% to 31.4 koz (Q2 2018: 26.3 koz) due to continued strong gold grades and increased ore throughput
  • Aktogay
    • Copper production1 increased by 2% to 34.9 kt (Q2 2018: 34.1 kt) mainly due to seasonally higher oxide output
    • Full year copper production1 expected to be in upper half of 110-130 kt guidance range
  • East Region and Bozymchak
    • Copper production2 of 17.1 kt in Q3 (Q2 2018: 15.3 kt), on track for 2018 guidance of around 65 kt
    • Gold production2 of 13.8 koz (Q2 2018: 13.6 koz) results in strong nine-month output of 41.0 koz, now likely to exceed full year guidance of 45-50 koz
    • Low grades continue to impact zinc output, with 13.4 kt produced in Q3 (Q2 2018: 10.7 kt). Full year zinc in concentrate production expected to be 10-15% below guidance of c.60 kt
Group production summary3 9m 2018 9m

2017

 Q3 2018 Q3 2018 Q3 2017
Copper production1 kt 216.8 193.3 77.2 72.3 75.3
Bozshakol kt 75.0 78.8 25.2 22.9 26.8
Aktogay kt 95.4 64.2 34.9 34.1 31.2
East Region & Bozymchak kt 46.4 50.3 17.1 15.3 17.3
Zinc in concentrate kt 38.3 45.8 13.4 10.7 13.5
Gold production2 koz 135.0 137.8 45.2 39.9 44.8
Silver production2 koz 2,578 2,708 941 785 952
  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: “In 2018 the Group delivered a smooth ramp up and benefited from high copper grades at its newest mine, Aktogay, with copper output 12% above the same period in 2017. Following a strong third quarter across KAZ Minerals’ assets we are well placed to achieve our full year copper production target and the top end of our gold and silver guidance.”

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