Hindustan Zinc logs mined metal production of 248,000 tonnes in Q2; Stocks near day's high

During H1FY22, the company's MIC production was 470,000 tonnes up 7% YoY in line with higher ore production at Rampura Agucha and Zawar mines and increased recovery, offset by a slight dip in overall mining grades.

Oct 05, 2021 11:10 IST India Infoline News Service

Hindustan Zinc
Hindustan Zinc Limited has announced its production numbers for the second quarter (Q2FY22) and half year ended September 30, 2021 (H1FY22). On Tuesday, the company's stock was trading higher on stock exchanges.

During Q2FY22, the company's mined metal production was at 248,000 tonnes, up 4% as compared to Q2 FY21 on account of higher ore production at Rampura Agucha, Sindesar Khurd & Zawar mines supported by improvement in recovery, which has been partly offset by Lower Mining Grades. In comparison to Q1 FY22, it is up by 12%, mainly due to Higher ore production at Sindesar Khurd and improvement in Mining Grade & recovery.

Further, integrated metal production was 209,000 tonnes for Q2 FY22, down 12% as compared to both Q2 FY21 & Ql FY22 on account of an extended shutdown at one of the roasters at Chanderiya Smelter for Repairs & overhaul of Structural components. Integrated zinc production was 162,000 tonnes, down 10% as compared to Q2 FY21 and down by 14% as compared to Q1 FY22. Integrated lead production was 47,000 tonnes for Q2 FY22, down 18% as compared to Q2 FY21 on account of Annual Shutdown at Dariba Lead Smelters and down 4% as compared to Q1 FY22.

Also, integrated saleable silver production was 4.9 moz (152 MT), down 25% as compared to Q2 FY21 in line with lead production & depletion of WIP in Q2 FY’21 & down 5% as compared to Q1 FY22.

Moreover, during H1FY22, the company's MIC production was 470,000 tonnes up 7% YoY in line with higher ore production at Rampura Agucha and Zawar mines and increased recovery, offset by a slight dip in overall mining grades. H1 FY’22 metal production was 445,000 up 2% as compared to H1 FY’21 in line with Roaster availability, while silver production was 2% lower y-o-y at 10.1 moz (313 MT).

At around 11.49 am, Hindustan Zinc was trading at Rs314.15 per piece up 0.75% on Sensex. The stock was near the day's high of Rs314.65 per piece. 

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