Polish mining company KGHM's copper production fell in the first six months of 2025 compared with a year earlier because of a planned maintenance shutdown at its Glogow II copper smelter and refinery, along with the sale of its McCreedy West mine in Canada in February.
The group's January-June output totalled 344,000t of payable copper, down by 4pc from the first half of 2024. Production of copper in concentrate at its domestic assets totalled 201,000t, the group said, while electrolytic copper production was 272,400t.
Payable copper production at the Sierra Gorda mine in Chile totalled 42,400t. KGHM owns 55pc of Sierra Gorda.
Payable copper output at KGHM International — which is responsible for the group's assets in North America — was 29,200t.
KGHM's group earnings before interest, taxes, depreciation and amortisation rose by 16pc on the year to 4.9bn zlotys ($1.35bn) on revenues of 17.5bn zlotys ($4.8bn), which were 0.4pc higher than a year earlier.
In the first half of the year, the group's investment expenditures amounted to 1.5bn zlotys ($410mn), 4pc lower than a year earlier. KGHM plans to spend 3.8bn zlotys ($1.04bn) on investments this year, with much of this directed towards geological-hydrogeological reconnaissance work on its mine shaft projects GG-2, Retkow and Gaworzyce that started in June.
