KGHM expects 2004 to be another bumper year

According to unofficial information, KGHM made a 2003 profit of over zł. 400 million. The company's supervisory board has accepted a budget for this year which assumes that the average price for a ton of copper will be $2,000, and $161 for a kilogram of silver. Company representatives plan to mine 532,000 tons of electrolytic copper and 1,100 tons of silver. If the assumptions are met, KGHM would make a 2004 profit of zł. 652 million on revenues of zł. 5.15 billion. (Puls Biznesu, p. 9) A.K.