KGHM Reports Mixed Production and Sales Results for October

KGHM Group reported mixed production and sales results for October, with variations across different metals. The production of payable silver totaled 118.3 tonnes, marking a slight decline of 1% compared to the same period last year. However, silver sales increased significantly, reaching 138.8 tonnes, up by 14% year-on-year.

Copper sales by KGHM Group amounted to 63,700 tonnes in October, representing a 7% increase compared to the previous year. Payable copper production also saw growth, totaling 61,500 tonnes, which is a 5% rise year-on-year, according to the company's preliminary market filing.

The company also reported a decrease in Total Precious Metals (TPM) production, which amounted to 14,200 troy ounces—a decline of 5% compared to the prior year period. However, TPM sales saw a significant boost, increasing by 51% year-on-year to 13,400 troy ounces.

Molybdenum production in October amounted to 600,000 pounds, while molybdenum sales increased by 25% from September 2023, reaching 500,000 pounds.