Central Asia Metals (CAML LN) announced Q4 2021 copper output of 4.1kt, up 9% YoY and down 11% QoQ from a record Q3. Full year copper output was therefore 14kt, up 1% YoY. This underpins our record earnings forecast and we expect full year group EBITDA of US$138m. At Sasa, zinc and lead output were both down in the quarter meaning that full year output was modestly below guidance. Q4 zinc output of 5.1kt and lead production of 6.5kt were down 12% and 13% YoY respectively and 11% and 7% QoQ. Full ....
