Evolution in macroeconomic conditions



The annual average prices of copper, molybdenum
and nickel rose 27%, 26% and 8%, respectively while
silver prices edged down 0.5%



Changes in the annual average FX rates: USD/PLN down 4%, USD/CAD down 2% and USD/CLP down 4%.

Project execution

15 December 2017


Learned that the EA certificate was not awarded to the Ajax copper and gold project located close to Kamloops in British Columbia

Dividend disbursement

21 June 2017


Decision made by the Ordinary Shareholder Meeting of KGHM Polska Miedź S.A. to disburse a dividend of PLN 200 million for 2016


11 May 2017


Approval, by the Supervisory Board, of KGHM Polska Miedź S.A.’s Business Strategy for 2017-2021 with the outlook until 2040

October 2017


A failure of the heat recovery steam generator at the Głogów I Smelter – the failure occurred on 3 October 2017; the production process was resumed on 30 October 2017.

13 October 2017


Information about the effects of the failure of the heat recovery steam generator at the Głogów I Smelter

KGHM Polska Miedź S.A. on the Warsaw Stock Exchange


KGHM Polska Miedź S.A.’s share price rose 20% from PLN 92.48 to PLN 111.20

Asset impairment

14 February 2017

Current report advising of completing the underlying work involving asset impairment tests


19 January 2018

Information about the grounds for verifying the recoverable value of foreign mining assets

Signif cant contracts

27 July 2017

KGHM Polska Miedź S.A. entered into a Master Agreement for the comprehensive sales of gaseous fuel and signed bilateral individual contracts with Polskie Górnictwo Naftowe i Gazownictwo S.A.

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