KGHM launches USD 725 million expansion as KGHM stock costs EUR 74.79

Published on 10/16/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sierra Gorda targets 20 percent more copper by 2030. KGHM stock costs EUR 74.79 on October 16, 2026 with Q2 revenue of PLN 12.84 billion.

Expansion and earnings

KGHM announced a USD 725 million Sierra Gorda expansion on October 2, 2026.
Second-quarter revenue reached PLN 12.84 billion against a PLN 12.81 billion estimate.
KGHM stock trades at EUR 74.79 at 10:15 a.m. CEST at Lang & Schwarz on October 16, 2026.

KGHM, PLKGHM000017, Illustration mit AI erstellt.

KGHM (ISIN PLKGHM000017) is advancing a USD 725 million expansion at its Sierra Gorda mine, a project designed to lift copper production by 20 percent. The company also disclosed a management board appointment on October 14, 2026, according to Bankier.

Why Sierra Gorda matters

The expansion adds a fourth grinding line and is expected to raise ore-processing capacity from 48 million tonnes to 60 million tonnes annually. KGHM's official press office said on October 2, 2026, that construction should finish by the end of 2029, with full production capacity expected in the second half of 2030, according to KGHM.

KGHM holds a 55 percent stake in the Chilean mine, while South32 owns 45 percent. The investment is therefore aimed at expanding an existing asset rather than opening a new operation, with the production increase providing the clearest operating measure for investors.

Three dated company steps

On October 2, 2026, KGHM announced the USD 725 million Sierra Gorda expansion. On October 14, 2026, the company reported information on a management board member appointed as of September 17, 2026. In the second quarter of 2026, revenue reached PLN 12.84 billion, compared with a PLN 12.81 billion estimate, according to TickerLandia.

What does the expansion mean for earnings?

The immediate comparison is the second-quarter revenue figure, which exceeded the cited estimate by PLN 0.03 billion. The longer-term test is whether the additional processing capacity converts the planned 20 percent production increase into higher cash generation after completion.

Next reporting date

KGHM lists its consolidated report for the third quarter of 2026 for November 18, 2026 on its investor-relations page. That report should provide the next quantified update on revenue, profit and operating performance.

Trading level and company profile

KGHM stock was trading at EUR 74.79 at Lang & Schwarz on October 16, 2026 at 10:15 a.m. CEST. The Polish listing was quoted at PLN 325.85 at 8:06 a.m. UTC on the Warsaw Stock Exchange, while the company's market capitalization was PLN 65.2 billion and its 52-week range was PLN 183.80 to PLN 396.40, based on the same market snapshot.

The company remains primarily exposed to copper, silver and other non-ferrous metals. Sierra Gorda gives the expansion plan a measurable production target, while the November reporting date offers the next scheduled checkpoint for execution and profitability.

KGHM stock was trading at EUR 74.79 at Lang & Schwarz on October 16, 2026 at 10:15 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of KGHM stock.