Silver Shines at Record High Along with Mined & Refined Metal Charting Newer Heights
Hindustan Zinc Limited today announced its production numbers for the fourth quarter and year ended March 31, 2024.
| Apr 2, 2024, 18:55 IST
Business Wire India
A. Mined & Refined Metal (Consolidated)
Wind power generation for 4QFY24 was 61 MU, up 11% sequentially & down 14% YoY, depending upon wind velocity & seasonality impact.
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 Zinc 1
|
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
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.