3 December, 2022

North Macedonia, Central Asia Metals increases copper production

Central Asia Metals today announced a Q3 2022 operations update for the Kounrad dump leach, solvent extraction and electro-winning copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia.

The company said that Kounrad’s Q3 2022 copper production of 4,067 tonnes brings output for the first nine months of 2022 to 10,685 tonnes (9M 2021: 10,360 tonnes). Copper sales during Q3 2022 were 4,093 tonnes, bringing the total for the first nine months of the year to 10,499 tonnes.

CAML added that Sasa’s Q3 2022 payable production of zinc was 4,837 tonnes and of lead was 6,554 tonnes, bringing total payable production for the nine-month period to 13,625 tonnes of zinc and 19,690 tonnes of lead.

Importantly, the company noted it is on course to achieve increased 2022 guidance for Kounrad’s copper production (13,500 to 14,000 tonnes) and on track to meet Sasa’s 2022 production guidance (zinc in concentrate, 20,000-22,000 tonnes; lead in concentrate, 27,000-29,000 tonnes).

CEO Nigel Robinson commented, “I am pleased to report safe and strong production from both of our operations during Q3 2022, with zero LTIs. At Kounrad, we announced increased 2022 production guidance with our H1 2022 results, and we are on track to deliver this and meet our production targets at Sasa.”

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia, Kitco reports.