KAZ Minerals plc reported production report and interim management statement for the first quarter ended March 31, 2017. For the period, the company reported copper production of 52.1 Kt against 22.7 Kt a year ago. Zinc in concentrate was 15.5 Kt against 19.9 Kt a year ago. Gold production was 42.5 Koz against 17.7 Koz a year ago. Silver production was 757 Koz against 706 Koz a year ago.

As of date Net debt decreased to $2,550 million. Total copper sales were 50.5 kt, more than double the 24.1 kt sold in first quarter 2016. Zinc in concentrate sales from the East Region decreased by 15% (2.7 kt) in line with lower ore mined and processed at the East Region operations.

The project spend in 2017 for Aktogay is now expected to be less than $200 million, below the $265 million previously guided for the year. Capital expenditure guidance for Aktogay in 2018 remains unchanged at $370 million.