KGHM group copper sales higher by 11% y/y
14:16
In May, KGHM Group sold 61.9 thousand tons of copper, an 11% increase y/y, with copper production also at 61.9 thousand tons, up 4% y/y. Higher copper sales were noted in KGHM Polska Miedź and KGHM INTERNATIONAL LTD., while Sierra Gorda S.C.M. saw lower sales.
After five months of 2024, KGHM's copper, silver, and precious metals (TPM) production exceeded budget targets. Silver production was 119.1 tons, 4% less y/y, with sales down 17% at 90.6 tons. TPM production was 14.7 thousand troy ounces, 11% lower, but sales increased by 29% to 13.8 thousand troy ounces. Molybdenum production fell by 60% to 0.2 million pounds, with sales remaining steady y/y.
