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KGHM Polska Miedź SAKGHM copper sees opportunities for operational and cost optimization of foreign assets
Listed copper and silver producer KGHM is exploring operational and cost optimization opportunities for its foreign assets, company representatives told a press conference. The focus will be on KGHM International and Sierra Gorda, with plans to enhance operations and reduce costs.
"We see the potential for optimizing operations at KGHM International and Sierra Gorda. The Robinson mine's results are quite good, but we still identify areas for improvement, particularly in ore enrichment," deputy CEO Iga Dorota Lis said.
"We are currently analysing this project. I would like to return to the management board with a summary of our current analyses; as of today, the project is at a depth of 600 meters, and work is ongoing," Lis stated when asked about the Victoria project in Canada.
In the first nine months of 2024, copper production at the Sierra Gorda mine fell by 4 percent year on year to 57,100 tons due to lower ore grades. Molybdenum production also decreased by 35 percent to 2 million pounds.
Conversely, KGHM International saw an 89 percent increase in payable copper production to 45,500 tons, primarily due to higher output from the Robinson mine. Overall, KGHM continues to focus on enhancing efficiency and optimizing its operations across its international assets.
pel/ nl/
