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KGHM Polska Miedz SA (KGH.WA)

KGH.WA on Warsaw Stock Exchange

105.75PLN
3:59pm GMT
Change (% chg)

-0.10zł (-0.09%)
Prev Close
105.85zł
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106.25zł
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103.55zł
Volume
353,984
Avg. Vol
604,849
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107.60zł
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81.10zł

Latest Key Developments (Source: Significant Developments)

KGHM Polska Miedz Q4 Net Result Turns To Profit Of 684 Mln Zlotys
Friday, 15 Mar 2019 

March 15(Reuters) - KGHM Polska Miedz SA ::REPORTED ON THURSDAY Q4 CONSOLIDATED NET PROFIT 684 MILLION ZLOTYS VERSUS LOSS 87 MILLION ZLOTYS YEAR AGO.Q4 REVENUE 5.74 BILLION ZLOTYS VERSUS 5.56 BILLION ZLOTYS SEEN IN REUTERS POLL nL5N20S3Z4.Q4 EBITDA 1.18 BILLION ZLOTYS VERSUS 1.30 BILLION ZLOTYS SEEN IN REUTERS POLL .SAYS EVENTS IN Q1 AND SPEED OF REACTION IN ECONOMIC POLICY IN KEY COPPER-CONSUMING COUNTRIES WILL IMPACT THE PRICING ENVIRONMENT FOR RED METAL IN 2019.SAYS BUDGET FOR 2019 ASSUMES AN INCREASE IN ELECTROLYTIC COPPER PRODUCTION BY 57,200 TONNES (+11%).SAYS BUDGET FOR 2019 ASSUMES DECREASE IN COPPER PRODUCTION BY KGHM INTERNATIONAL LTD. BY 4,000 TONNES (-5%), MAINLY DUE TO PLANNED HALT IN EXTRACTION BY MORRISON MINE.SAYS BUDGET ASSUMES THAT IN 2019 THERE WILL BE AN INCREASE IN COPPER PRODUCTION BY SIERRA GORDA OF 7% COMPARED TO AMOUNT PRODUCED IN 2018.SAYS ACTIONS UNDERTAKEN SINCE 2017 WERE TARGETING THE ACHIEVEMENT OF EBITDA AT THE LEVEL OF 7 BILLION ZLOTYS IN 2021 AND AN EBITDA MARGIN ON AVERAGE ABOVE 20% IN THE YEARS 2017 – 2021.SAYS IN 2018 EBITDA FOR THE GROUP AND EBITDA FOR KGHM POLSKA MIEDZ SA EXCEEDED THE LEVELS PLANNED IN THE BUDGET.  Full Article

KGHM To Reverse Part Of Impairment Loss For USD 194.9 Million On Sierra Gorda SCM
Tuesday, 5 Mar 2019 

March 5 (Reuters) - KGHM ::SAYS FOR CONSOLIDATED 2018 FIN RES TESTS CARRIED OUT INDICATED JUSTIFICATION TO REVERSE A PART OF THE IMPAIRMENT LOSS FOR USD 194.9 MILLION.SAYS REVERSAL TO BE RECOGNISED ON LOANS GRANTED TO THE JOINT VENTURE SIERRA GORDA SCM.  Full Article

Bogdanka Signs Letter Of Intent With JSW And KGHM-Joint Letter
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Bogdanka ::SIGNS LETTER OF INTENT WITH JSW AND KGHM, COMPANIES TO SUPPORT EACH OTHER IN OBTAINING EXTERNAL CO-FINANCING-JOINT LETTER.  Full Article

KGHM Payable Copper Production In Jan. Up 21% Y/Y
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Kghm ::PAYABLE COPPER PRODUCTION AMOUNTED TO 58.7 THOUSAND TONNES, UP 21% Y/Y.JAN. SALES OF PAYABLE COPPER AMOUNTED TO 42.2 THOUSAND TONNES AND WERE HIGHER BY 5.7 THOUSAND TONNES (+16%) YOY.JAN. SALES OF SILVER AMOUNTED TO 84.0 TONNES, UP 31% Y/Y.JAN. SILVER PRODUCTION AMOUNTED TO 76.0 TONNES, DOWN 12% PERCENT YOY.  Full Article

Bowim Signs 85.5 Mln Zlotys Net Contract With Mercus Logistyka
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Bowim Sa ::SAYS SIGNS 85.5 MILLION ZLOTYS NET FRAMEWORK CONTRACT WITH MERCUS LOGISTYKA, WHICH IS UNIT OF KGHM POLSKA MIEDŹ.SAYS CONTRACT IS ABOUT DELIVERIES OF STEEL PRODUCTS BY COMPANY.  Full Article

KGHM Assumes Capital Expenditures On Property At 2.52 BLn Zlotys In 2019
Thursday, 10 Jan 2019 

Jan 11 (Reuters) - KGHM Polska Miedz SA ::SAID ON THURSDAY THAT IT HAS ASSUMED CAPITAL EXPENDITURES ON PROPERTY, PLANT AND EQUIPMENT PLANNED FOR 2019 AT 2.52 BILLION ZLOTYS, WHILE OTHER CAPITAL EXPENDITURES AT 1.46 BILLION ZOTYS.OTHER CAPITAL EXPENDITURES INCLUDE 388 MILLION ZLOTYS FOR THE ACQUISITION OF INVESTMENT CERTIFICATES RELATED TO THE RESTRUCTURING OF FIZAN .IT HAS ASSUMED PRODUCTION OF COPPER IN CONCENTRATE IN 2019 AT 397 KT, ELECTROLYTIC COPPER AT 559 KT, SILVER IN CONCENTRATE AT 1,238 T.IT HAS ASSUMED SALES OF PAYABLE COPPER IN 2019 AT 601 KT AND PAYABLE SILVER OF 1,454 T .  Full Article

KGHM Nov. Payable Copper Production Up By 7%
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - KGHM ::NOV. PAYABLE COPPER PRODUCTION AMOUNTED TO 54.2 THOUSAND TONNES, HIGHER THAN IN THE COMPARABLE PERIOD OF 2017 BY 7%.NOV. SILVER PRODUCTION AMOUNTED TO 113.7 TONNES, OR AN INCREASE COMPARED TO NOVEMBER 2017 BY 43%.NOV. SALES OF PAYABLE COPPER AMOUNTED TO 55.6 THOUSAND TONNES, UP 8% DUE TO HIGHER COPPER SALES.NOV SALES OF SILVER AMOUNTED TO 111.4 TONNES AND WERE HIGHER BY 50.5 TONNES (+83%) COMPARED TO NOVEMBER 2017.  Full Article

KGHM Plans Average Yearly Metallurgical Production In Poland Of 540,000 Tonnes In 2019-2023
Wednesday, 19 Dec 2018 

Dec 20 (Reuters) - KGHM Polska Miedz SA ::SAID ON WEDNESDAY THAT IT HAS APPROVED ITS STRATEGY FOR 2019-2023.PLANS MINING PRODUCTION IN POLAND AT THE LEVEL OF 450,000 TONNES OF COPPER IN ORE, WITH AN AVERAGE YEARLY C1 COST NOT HIGHER THAN 3800 USD/T IN THE YEARS 2019-2023.PLANS YEARLY AVERAGE OF DAILY ORE PROCESSING IN SIERRA GORDA AT THE LEVEL OF AT LEAST 130,000 TONNES – FROM 2020.PLANS AVERAGE YEARLY METALLURGICAL PRODUCTION IN POLAND AT THE LEVEL OF 540,000 TONNES IN THE YEARS 2019-2023.AIMS TO ENSURE THE POSSIBILITY OF BASING 35% OF METALLURGICAL PRODUCTION ON PURCHASED COPPER-BEARING MATERIALS, INCLUDING SCRAP, TO 2030.PLANS TO INCREASE THE SHARE OF HIGHLY PROCESSED COPPER PRODUCTS (OFE-CU ROD, OFE-CU GRANULATE AND END-APPLICATION PRODUCTS) IN THE KGHM GROUP'S TOTAL SALES TO THE LEVEL OF 10% AT THE END OF 2030.PLANS TO SATISFY 50% OF KGHM POLSKA MIEDZ SA' S DEMAND FOR ELECTRICITY FROM ITS OWN SOURCES OF ENERGY GENERATION AND RENEWABLE ENERGY SOURCES BY THE END OF 2030.PLANS TO INCREASE EXPENDITURES ON INNOVATION AND R&D WORK TO THE LEVEL OF 1% OF KGHM POLSKA MIEDZ SA'S REVENUES BY 2023.PLANS TO ALLOCATE AT LEAST 75% OF FUNDS FOR R&D AND INNOVATION IN THE YEARS 2019-2023 TO MEET THE CHALLENGES FACED BY KGHM POLSKA MIEDZ SA IN THE CORE BUSINESS.  Full Article

KGHM Interested In Selling Its 10% Stake In Nuclear Energy Firm PGE EJ1
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - KGHM ::EXPRESSES PRELIMINARY INTEREST TO SELL ALL ITS SHARES IN PGE EJ1 SP. Z O.O. (PGE EJ1).PGE EJ1 SP. Z O.O. IS RESPONSIBLE FOR NUCLEAR PLANT PROJECT IN POLAND, CO OWNS 10% STAKE.ON NOV. 28 PGE <<>> EXPRESSED INTEREST IN BUYING REMAINING SHARES IN PGE EJ1 nFWN1Y30AR.  Full Article

KGHM Oct. Payable Copper Production Down 0.5% YOY
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - KGHM ::SAYS OCT. PAYABLE COPPER PRODUCTION AMOUNTED TO 56.7 THOUSAND TONNES, DOWN 0.5% YOY.SAYS KGHM INTERNATIONAL RECORDED A DECREASE IN PRODUCTION OF 36% MAINLY DUE TO THE LOWER QUALITY OF ORE EXTRACTED BY THE ROBINSON AND SUDBURY BASIN MINES.KGHM POLSKA MIEDZ SA AND SIERRA GORDA REPORTED +4% AND +39% INCREASES IN PRODUCTION RESPECTIVELY.SAYS OCT. SALES OF PAYABLE COPPER AMOUNTED TO 61.9 THOUSAND TONNES AND WERE SIMILAR TO THE LEVEL OF SALES IN OCTOBER 2017.SAYS OCT. SALES OF SILVER AMOUNTED TO 151.2 TONNES AND WERE HIGHER BY 10% COMPARED TO OCTOBER 2017.  Full Article

METALS-Base metals ease ahead of Fed meeting outcome

SINGAPORE, March 20 Most industrial metals on the London Metal Exchange eased on Wednesday, as investors were cautious ahead of the result of the U.S. Federal Reserve rate meeting later in the day.