Q2 Production Report 2015

Kaz minerals PLC Production Report FOR six months and the second QUARTER ENDED 30 June 2015

  • 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
  • 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
  • H1 gold bar output 16 koz
    • Underlying gold in concentrate output 20 koz
    • 2015 guidance revised to 34-38 koz
  • 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.”

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