10th Jul 2025 12:35
Central Asia Metals PLC - mining firm focused on Kazakhstan and North Macedonia - Copper production falls 5.9% to 6,218 tonnes in the first half of 2025, from 6,608t a year prior. Zinc output declines 3.6% to 8,692t from 9,014t, while lead production contracts 2.0% to 12,613t from 12,872t. For its Sasa mine in North Macedonia, the company reiterates its production guidance of 13,000 to 14,000 tonnes of copper for 2025, similar to 13,439t in 2024. Zinc-in-concentrate output outlook is revised to between 17,000 and 19,000 tonnes, down from 19,000 to 21,000 tonnes it anticipated when it published its 2024 results in April, but similar to 18,572t of zinc-in-concentrate in 2024. Lead-in-concentrate guidance is lowered to between 25,000 and 27,000 tonnes compared to 27,000 to 29,000 tonnes previously. The new guidance would be similar to 26,617t of lead-in-concentrate in 2024.
Chief Executive Officer Gavin Ferrar says: "We expect head grades to improve as the proportion of mining by the new methods continues to increase during H2 2025, but we believe it is prudent to revise Sasa's 2025 production guidance at this stage."
Current stock price: 148.00 pence each, down 8.1% on Thursday afternoon in London
12-month change: down 28%
By Tom Budszus, Alliance News slot editor
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