KGHM $KGH (-2,34%) just released its April 2026 operational update, and the results look encouraging. The group sold 56,100 tonnes of copper in April, which is +4% higher YoY.
Copper production came in at 57,300 tonnes, staying stable and right in line with internal plans.
Silver production jumped +18% to 128.2 tonnes.
After the first four months of 2026, copper output is on budget, while silver and gold production are beating targets.
These steady volumes confirm that KGHM is executing well after its excellent Q1 2026 results (where EBITDA more than doubled and profits surged). In a world hungry for copper due to EVs, data centers, and renewable energy, consistent production is exactly what you want to see. Add in the new mineral extraction tax relief starting this year (saving hundreds of millions annually), plus recent partnership announcements with Lumina Metals in Poland and Freeport-McMoRan in Chile – and the long-term picture looks increasingly positive.
KGHM is benefiting from high copper and silver prices while keeping costs under control.
