Ticker: AIM: CAML
Project Stage: Production
Commodities: Copper, Zinc, Lead
Location: Kazakhstan, North Macedonia

CAML is a copper producer with SX-EW operations at Kounrad, Kazakhstan, and is a zinc and lead producer at the Sasa mine in North Macedonia. The Company listed on London’s AIM market in 2010 and began producing copper in 2012. Kounrad has since produced over 100,000 tonnes of cathode at cash costs that are amongst the lowest globally. The Company acquired the Sasa mine in November 2017, which has a life of almost 20 years and cash costs of around the lowest zinc industry quartile. In the first full year of owning Sasa, CAML demonstrated that the acquisition was accretive on both an EBITDA per share and EPS basis. In the eight years since production commenced at Kounrad, CAML has distributed to shareholders over $170 million in dividends. The Company is equally focussed on its other stakeholders, having in Q2 2020 published its first Sustainability Report containing information regarding CAML’s efforts and achievements in the areas of health and safety, community support, the environment, looking after our people and ensuring good business governance. With two long life, low cost, cash generative operations and a deleveraging profile, CAML is looking once again at future growth opportunities.

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