Hindustan Zinc’s operating performance was affected in the March quarter (Q4) by lower mined metal production, weak base metal prices and cost pressures.
While India’s largest and the world’s second-biggest zinc-lead miner, which is changing its production methodology to underground mining, saw a 24 per cent jump in output from underground mines (245,000 tonnes), the closure of open-cast mining meant that total mined metal production was still down four per cent on a year-on-year basis during the quarter. Per-tonne zinc and lead prices, at $2,702 and $2,036, ...
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