Central Asia Mines has reported record quarterly copper production and sales at its Kounrad operation for the third quarter ended 30 September 2016.
Kounrad produced 4,102t of copper cathode, a 38% increase on the corresponding period of 2015, including a record monthly production of 1,503t in August. Year-to-date copper production was 11,010t, a 31% increase on the first nine months of the previous year.
The company sold 10,646t of cathodes, 38% up on 2015, in the nine months to end September, predominantly through its off-take sales arrangement with Traxys.
The company has maintained its production guidance for 2016 at 13,000-14,000t of copper.
Meanwhile, the Stage 2 Expansion to exploit the Western Dumps area is nearing completion and approximately 25% under the US$19.5 million budget, principally as a result of the devaluation of the Kazakhstan tenge.
CAML expects to complete the definitive feasibility study on its 75%-owned Copper Bay project, in Chile, in Q4.
Record copper production for Central Asia Mines: CAML