Hindustan Zinc witnessed a 0.6% rise in its shares early on January 3 following the disclosure of a significant uptick in mined metal production during Q3. According to a regulatory filing on January 2, the company reported a notable 7% increase in mined metal production, reaching 2,71,000 tonnes, a surge of 8% from the previous quarter and the same period last year.
The growth in mined metal production was attributed to enhanced metal grades and increased ore production at Rampura Agucha and Sindesar Khurd Mine. Additionally, refined metal production experienced a 7% rise on a quarterly basis, totaling 2,59,000 tonnes, supported by improved plant availability. On a yearly basis, refined metal production saw a modest 1% increase.
In a noteworthy development, the filing highlighted a remarkable 21% year-on-year growth in refined lead production, reaching 56,000 tonnes. This surge was attributed to pyro operations on lead mode, aimed at maximizing silver production.
As of 10:03 AM, the company’s shares were trading at ₹319.10, reflecting a 0.57% increase. Investors and stakeholders are closely monitoring the company’s robust performance and its impact on the market dynamics.
