Kazakhmys Plc (KAZ.L) reported total copper cathode production of 301 kt for the full year. Copper cathode equivalent production from own concentrate in the 12 months of 2011 was 299 kt, just 2% below the previous year.
In 2011, the company produced 140 thousand tonnes of zinc in concentrate. Total gold production for the year was 151 koz.
Own production of silver during the 12 months of 2011 at 13,115 koz, was 7% below the previous year
Oleg Novachuk, Chief Executive Officer, said, "For the fourth consecutive year we have met all our major production targets and I should like to thank my colleagues for their hard work and commitment on this achievement. We anticipate maintaining similar levels of copper output in 2012 and our sales contracts for the coming year have all been completed, reflecting continued strong demand for copper..."
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