Central Asia Metals On Track to Meet Full Year Guidance

Central Asia Metals On Track to Meet Full Year Guidance

Central Asia Metals announced a promising Q3 2023 operations update. The company reported production figures for its Kounrad copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia.

Key operational highlights include:

– No lost time injuries at both Kounrad and Sasa.

– Kounrad copper production totaled 3,661 tonnes.

– Sasa produced 5,127 tonnes of zinc and 7,039 tonnes of lead in concentrate.

Nigel Robinson, the Chief Executive Officer, expressed satisfaction with the Q3 results, stating, “We are pleased to report another solid period of base metal production during Q3 2023, and we remain on schedule to meet our full year guidance.” He highlighted the achievement of generating over $1 billion in revenue from Kounrad over 11 years, emphasizing the copper’s source from waste material.

Robinson also touched on upcoming developments: “As we approach the year-end, our investments at Sasa continue, and we anticipate the Kounrad Solar Power Plant to start generating electricity by the close of 2023.”

On the production front, Central Asia Metals is optimistic about achieving their 2023 full year guidance, which includes producing:

– 13,000 to 14,000 tonnes of copper

– 19,000 to 21,000 tonnes of zinc

– 27,000 to 29,000 tonnes of lead.

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