ancientfortunes| China Nonferrous Metals (01258) estimates shareholder profit share of approximately US$84 million in the first quarter, down approximately 3% year-on-year

Zhitong Finance APP Newsancientfortunes, China Nonferrous Metals Mining (01258) announced that as of March 31, 2024, the Group: a total of approximately 32 per cent of cathode copper (copper-containing product processing services) has been produced.ancientfortunes, 477 tons, a year-on-year decrease of approximately 9%, and approximately 23% of the annual production guidance was completed; cumulative production of crude copper and anode copper (Copper-containing product processing services) approximately 110,092 tons, a year-on-year increase of approximately 22%, completing approximately 27% of the annual output guideline; the cumulative production of sulfuric acid was approximately 270,488 tons, a year-on-year increase of approximately 16%, completing approximately 27% of the annual output guideline; The cumulative production of cobalt hydroxide and cobalt was approximately 196 tons, a year-on-year decrease of approximately 48%, and the annual output guideline was approximately 30%; The cumulative production of liquid sulfur dioxide was approximately 5,803 tons, a year-on-year increase of approximately 49%, and approximately 45% of the annual production guideline was completed.

For the three months ended March 31, 2024, the Group estimates that the profit shared by owners will be approximately US$84 million, a year-on-year decrease of approximately 3%. The main reason for the year-on-year decline in economic indicators is that the average international copper price fell by more than 5% year-on-year from January to March 2024.