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Thursday / November 21.
HomeMiningFQM Gold production up 56%

FQM Gold production up 56%

Kansanshi Mine which is owned and operated by Kansanshi Mining PLC, owned by First Quantum Minerals – FQM, Gold production has increased by over 55 percent in 2024.

According to official statistics made available to the Zambian Business Times – ZBT, Gold production at the Kansanshi mine has increased by 56 percent from January to June 2024 compared to the Gold produced during the same period in 2023.

FQM’s Kansanshi mine produced about 818 Kilograms of gold from January to June 2024 compared to about 521 kilograms produced within the same period in 2023. This represents about a 56 percent increase.  

The report indicates that the Kansanshi mine produced 111, 117, 175, 120, 136, and 157 kilograms of gold from January to June 2024 resulting in a total of 818 kilograms about a 56 percent increase compared to 96, 67, 93, 79, 94, and 89 kilograms which were equivalent to about 521 kilograms of gold produced from January to June 2023.

At a time when gold prices are averaging at around $76,800 United States Dollars, the value of Gold produced by Kansanshi mine produced this year is about $62.8 million from January to June 2024.