Silver Shines at Record High Along with Mined & Refined Metal Charting Newer Heights

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Business Wire India

Hindustan Zinc Limited today announced its production numbers for the fourth quarter and year ended March 31, 2024.

A. Mined & Refined Metal (Consolidated)
 

Particulars
(In ‘000 tonnes, or as stated’)
4Q 3Q Year
FY24 FY23 % Change FY24 %
Change
FY24 FY23 %
Change
Mined Metal 299 301 (1%) 271 11% 1079 1062 2%
Saleable Metal 273 269 1% 259 6% 1033 1032
– Refined Zinc1
220 215 2% 203 9% 817 821
– Refined Lead
53 54 (2%) 56 (5%) 216 211 3%
Silver (in tonnes) 189 182 4% 197 (4%) 746 714 5%
Silver (in mn ounces) 6.1 5.9 4% 6.3 (4%) 24.0 22.9 5%
1. Includes 0.7kt of metal production from Hindustan Zinc Alloys Private Limited (100% subsidiary of HZL) in 4QFY24 and FY24
 
4QFY24

Highest-ever quarterly refined metal production at 273 kt, up 6% sequentially on account of better plant availability and up 1% YoY. Refined zinc production was at 220 kt, up 9% QoQ & 2% YoY. Refined lead production was at 53 kt, down 2% YoY and 5% QoQ.
 
Mined metal production at 299 kt, up 11% QoQ, driven by mix of improved mined metal grades and higher ore production across mines.

Saleable silver production was 6.1 moz, up 4% YoY on account of WIP depletion in current quarter & down 4% QoQ in line with lead metal production partly offset by WIP depletion.

FY24

Best-ever mined metal production at 1,079 kt up 2% YoY, driven by improved mined metal grades. Refined metal also achieved its highest annual production.

Silver recorded the highest volume in FY24 in line with management’s operational & financial strategy, at 24.0 moz up 5% YoY. Refined lead production was at 216 kt, up 3% YoY.
 
B. Wind Power
 

Particulars
(In million units)
4Q 3Q Year
FY24 FY23 % Change FY24 %
Change
FY24 FY23 %
Change
Wind Power 61 71 (14%) 55 11% 394 395
Wind power generation for 4QFY24 was 61 MU, up 11% sequentially & down 14% YoY, depending upon wind velocity & seasonality impact.