Central Asia Metals (CAML LN) has again achieved production guidance for the full year. Copper production in Q4 2023 was 3.4kt, down 4% YoY and up 2% QoQ resulting in 13.8kt of output in 2023, down 3% YoY and 1% below our estimate. Zinc production in Q4 2023 was 5.4kt, up 3% YoY and 6% QoQ with full year output of 20.3kt down 5% YoY but 3% ahead of our forecast owing to strong grades in the latter part of the year. This was comfortably within the guidance range of 19-21kt which is maintained for ....
