In Q1, copper to zinc production was 32% i.e. zinc = 68%
In Q2 - copper was just 27% of total zinc/copper produced - zinc = 73%
In Q3 (this quarter), I estimate copper will rise to 43% based on KZL production forecasts. Up 60% from Q2.
In addition to mining higher grade, this should lower their C1 zinc costs to 79c or possibly less as copper is a much higher margin business for KZL with better bi-product credits. I estimated 81c originally.
KZL Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
