Kagara boosts Q1 output, lowers costs

Company News

Kagara Limited (ASX:KZL) increased production and lowered costs in the first quarter of its 2012 financial year.  

The production growth and cost control come after Kagara unveiled a five year strategic plan earlier this year after admitting the company had “completely flat-lined” since the global financial crisis. 

In its latest quarterly report the metals miner reports that zinc and copper production came in at the upper end of its guidance range.
Zinc production rose 13 per cent, copper production eased 3 per cent, lead production soared 129 per cent and nickel production jumped 61 per cent quarter on quarter. 

In the 2011 financial year Kagara booked a net loss of $32.98 million.