British miner Kaz Minerals expects its copper production to end 2020 at the higher end of its annual guidance of 280,000-300,000mt.
The company noted that its copper volumes may exceed its original guidance by 2-3pc. The miner attributed the rise to completing maintenance at its Kazakh copper mines in November and COVID-19 shutdowns not affecting production in Q4.
Kaz also expects to spend about $100mn in capital expenditure at its Aktogay and Baimskaya mines in Q1 2021.