News -
· Gross Revenues double to $1,938 million (2016: $969 million) as the Group delivers production growth into stronger commodity markets
- 2017 full year copper sales volumes of 256 kt (2016: 141 kt)
- Revenues in income statement of $1,663 million (2016: $766 million), excluding $275 million of pre-commercial revenues
· Gross EBITDA of $1,235 million (2016: $492 million) driven by low cost volume growth
- Gross EBITDA margin of 64% (2016: 51%)
- EBITDA of $1,038 million (2016: $351 million), excludes $197 million of pre-commercial earnings
- Operating profit increased by over three times to $715 million (2016: $218 million)
Analysis - if copper stays strong I don't think there is any reason Kaz will not retest the highs or even get to the 1000p mark
· Gross Revenues double to $1,938 million (2016: $969 million) as the Group delivers production growth into stronger commodity markets
- 2017 full year copper sales volumes of 256 kt (2016: 141 kt)
- Revenues in income statement of $1,663 million (2016: $766 million), excluding $275 million of pre-commercial revenues
· Gross EBITDA of $1,235 million (2016: $492 million) driven by low cost volume growth
- Gross EBITDA margin of 64% (2016: 51%)
- EBITDA of $1,038 million (2016: $351 million), excludes $197 million of pre-commercial earnings
- Operating profit increased by over three times to $715 million (2016: $218 million)
Analysis - if copper stays strong I don't think there is any reason Kaz will not retest the highs or even get to the 1000p mark