KGHM expects positive financial flows from Sierra Gorda in 2-3 years

WSE-listed copper and silver giant KGHM expects that its Chilean Sierra Gorda mine will be generating positive financial flows within the next 2-3 years, company’s CEO Radosław Domagalski-Łabędzki said. The CEO assured that the development abroad would remain an element of the company's strategy, but the future of KGHM is in Lower Silesia. “KGHM is inextricably linked with the Copper Basin. Here we have the biggest development plan, we will invest billions of dollars in the development of our domestic assets, “ he said, adding that the company will continue to develop its foreign deposits, but domestic products will be dominating sales for years to come.