Hindustan Zinc reports highest-ever nine month Mined Metal & Silver production

Hindustan Zinc Limited today announced its production numbers for the third quarter and nine months ended December 31, 2023.



9MFY24

Mined metal production at 780kt up 2% YoY, driven by improved mined metal grades.

In line with management's operational & financial strategy, pyro plant was operated on lead mode for longer duration compared to base period to maximise silver production. Accordingly, refined lead production and saleable silver production was at 163kt and 17.9 moz, up 4% and 5% YoY respectively.

3QFY24

Mined metal production at 271kt, up 7% YoY and 8% QoQ, driven by mix of improved mined metal grades and higher ore production at Rampura Agucha & Sindesar Khurd Mine.

Refined metal production at 259kt, sequentially up by 7% resulting from better plant availability and up 1% YoY. Refined lead production was at 56kt, up 21% YoY on account of pyro operations on lead mode to maximise silver production as mentioned above and down 1% QoQ.

Saleable silver production was 6.3 moz, up 22% YoY in line with lead metal production. It is up 9% QoQ in line with lead metal production and higher WIP accumulation in base period.



Wind power generation for 3QFY24 was 55 MU, up 11% YoY & down 65% QoQ, depending upon wind velocity & seasonality impact.

Shares of Hindustan Zinc Limited was last trading in BSE at Rs. 317.25 as compared to the previous close of Rs. 318.40. The total number of shares traded during the day was 92201 in over 2901 trades.

The stock hit an intraday high of Rs. 320.25 and intraday low of 312.55. The net turnover during the day was Rs. 29133877.00.

Source : Equity Bulls

Keywords

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