This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business model
Our strategic objectives and everyday working practices are embedded in the Company to deliver long-term value for stakeholders. Our immediate strategic objectives of sustainability, low costs and high margins, and prudent capital allocation are underpinned by our longer-term ambition of growth through acquisition.
We promote low-cost, sustainable, and ethical metal production to benefit our workforce, local communities, host governments and shareholders. We enrich communities close to our operations with employment opportunities and education, and other facilities, while at the same time focusing on the financial sustainability of our operations.
OPERATING WITH EXCELLENCE
GROSS REVENUE 2023
BY GEOGRAPHY
-
KAZAKHSTAN
$116.3m -
NORTH MACEDONIA
$91.1m
GROSS REVENUE 2023
BY METAL
-
COPPER
$116.3m -
LEAD
$55.9m -
ZINC
$33.0m -
SILVER
$2.2m*
*The silver revenue of $2.0m is recognised in relation to the silver stream arrangement. Lead revenue of $55.2m includes the silver by-product.
SASA
MINING ORE AND MINERAL PROCESSING
LIFE OF MINE TO
2039
2023 ORE MINED
805,621t
2023 ZINC GRADE
2.97%
2023 LEAD GRADE
3.70%
KOUNRAD
IN SITU-DUMP LEACHING AND SX-EW
LIFE OF OPERATION TO
2034
2023 COPPER SALES
13,687t
TONNES OF COPPER CATHODE RECOVERED SINCE 2021, OVER
150,000t
2023 COPPER PRODUCTION
13,816t
WHAT SETS US APART
PEOPLE & SKILLS
We are proud of the experienced and capable teams that we have at Sasa and Kounrad, and now employ over 1,000 people, with 12 expatriates combined at both of our sites. We provide wide-ranging training programmes for our operational teams and in some cases tertiary education for key talent. We have a strong Board with complementary skills and a London-based senior management team.
EMPLOYEES BY GEOGRAPHY
-
KAZAKHSTAN
30% -
NORTH MACEDONIA
68% -
UNITED KINGDOM
2%
LONG-LIFE ASSETS
Sasa currently has reserves and resources to support a life of mine to
2039
Kounrad has the recoverable copper resources to support a life of operation to the end of the licence in
2034
RELATIONSHIPS
Maintaining strong employee, community and national relationships in our countries of operation are key to us retaining the strong licence to operate that we currently enjoy.
- % OF LOCAL EMPLOYED STAFF
99%
INVESTMENT
In order to ensure efficient and optimal operations, we must ensure that Sasa and Kounrad are well funded, and that we also invest in developing our employees so that they can operate to the highest standards.
- 2023 TOTAL CAPEX
$27.8m
THE VALUE WE DELIVER
OUTPUTS
STAKEHOLDERS
2023 OUTCOMES
2023 COPPER
- 13,816t
2023 SASA PRODUCTION
- Zinc – 20,333t
- Lead – 27,784t
2023 GHG EMISSIONS
- 58,139t
2023 TAILINGS
- 726,457t
INVESTORS
Financial returns and long-term growth opportunities
-
EPS
20.51c2022: 19.00c
-
DIVIDEND FULL YEAR
18p2022: 20p
EMPLOYEES
Wide-ranging training programmes, competitive salaries
-
SASA EMPLOYEES
7732022: 735
-
KOUNRAD EMPLOYEES
3472022: 337
GOVERNMENTS
Economic contribution to the countries in which we operate
-
TAX PAID IN NORTH MACEDONIA SINCE 2017
$85.9m -
TAX PAID IN KAZAKHSTAN SINCE 2012
$263.3m
COMMUNITIES
Investment and jobs for our local communities
-
SASA SOCIAL CONTRIBUTIONS SINCE 2017
$2.1m -
KOUNRAD SOCIAL CONTRIBUTIONS SINCE 2012
$2.6m
SUPPLIERS
Supporting local responsible suppliers
-
SASA % IN-COUNTRY PROCUREMENT
66% -
KOUNRAD % IN-COUNTRY PROCUREMENT
88%
SUSTAINABILITY
In order to operate effectively and responsibly, we ensure that sustainability underpins our business model.