KGHM eyes production volumes improvement in Sierra Gorda project
March 20, 2017
Copper giant KGHM plans to improve production volumes at its Sierra Gora project this year, CEO Radoslaw Domagalski-Labedzki told a news conference.
"We are planning to improve production yield and volumes at particular stages of the entire production process," Domagalski-Labedzki said.
"We are satisfied with the progress made in the last 12 months - it is a step in the right direction aiming at generating positive flows on this project," he said.
KGHM expects the improvement at Sierra Gorda to come from ongoing improvement of efficiency of operations, better yield in molybdenum production as well as improving supervision rather than from any additional CAPEX, he said.
The parameters of the deposit are "not the best" when compared to competition, he said.
Sierra Gorda produced 51.5kt of payable copper, 12.2 million pounds of molybdenum, 14.1 tons of silver in 2016.