Production of copper and silver by the KGHM Polska Mied? S.A. Group was at and above the levels set in the budget targets for 2023. The copper giant has published its production, operating and financial results for the first three quarters of 2023.
The operating and financial results of KGHM, as well as of other entities in the mining sector, continue to be impacted by the ongoing uncertainty as to the development of the global macroeconomic situation. This is due in particular to the ongoing armed conflict in Ukraine and its consequences, including above all the continued high levels of inflation in most of the world’s economies.
“In KGHM we continue to operate in compliance with the idea of sustainable development and the efficient management of resources, as well as being focused on innovation and care for the natural environment. I would like to point out that our solid results are a consequence of the hard work of our entire staff, which, as we have demonstrated more than once, is the key to the success of KGHM. Our divisions are working efficiently, which leads to higher production and enhanced effectiveness by the Company. We are not slowing down with our investments, and continue to search for the most economically justifiable solutions,” said Tomasz Zdzikot, President of the Management Board of KGHM Polska Mied? S.A.
Despite the uncertainty and volatility prevalent in the economic environment, production of the basic metals by the KGHM Polska Mied? S.A. Group, i.e. copper and silver, was achieved at a stable level. Production of .. read more on