KGHM stock trades at EUR 72.82 with PLN 63.6 billion market value

Published on 10/20/2026 at 09:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 40.80 percent to PLN 24.70 billion. KGHM stock costs EUR 72.82 on October 20, 2026 with a PLN 63.6 billion market value.

Expansion and earnings context

KGHM launched a USD 725 million Sierra Gorda expansion on October 2, 2026.
First-half 2026 revenue reached PLN 24.7 billion, up 40.8 percent year over year.
KGHM stock traded at EUR 72.82 at 9:10 a.m. CEST at Lang & Schwarz on October 20, 2026.

KGHM, PLKGHM000017, Illustration mit AI erstellt.

KGHM (PLKGHM000017) stock was trading at EUR 72.82 at Lang & Schwarz on October 20, 2026 at 9:10 a.m. CEST. First-half revenue rose 40.80 percent to PLN 24.70 billion, giving investors a stronger operating base ahead of the next report.

The company has also committed to a USD 725 million expansion of its Sierra Gorda copper mine in Chile. The project is designed to raise copper production by 20 percent and reduce the C1 unit production cost, according to KGHM Polska Miedz on October 2, 2026.

First-half results set the base

Rankia Polska reported that KGHM's first-half 2026 adjusted EBITDA reached PLN 9.2 billion, up 89.1 percent year over year, while net income reached PLN 5.58 billion versus PLN 579 million a year earlier. The comparison shows both the benefit of higher metal prices and the low prior-year base.

Three dated milestones

On June 30, 2026, KGHM reported second-quarter revenue of PLN 12.84 billion and net income of PLN 2.05 billion, according to the period figures carried by Rankia Polska. On August 20, 2026, KGHM discussed first-half revenue growth of almost 40 percent and EBITDA growth of almost 90 percent in its earnings call, as shown by Yahoo Finance. On October 2, 2026, the Sierra Gorda project added a USD 725 million investment milestone.

What does the expansion add?

Sierra Gorda is KGHM's largest foreign investment, and KGHM owns 55 percent of the joint venture. The planned completion is set for the end of 2029, with full production capacity expected in the second half of 2030. The investment therefore links near-term capital spending with a quantified production objective rather than an immediate earnings contribution.

Dates that matter

KGHM's investor calendar names November 18, 2026 for the consolidated third-quarter report, according to the KGHM investor relations page. The Sierra Gorda expansion is scheduled for completion at the end of 2029, while full capacity is expected in the second half of 2030.

Stock value and trading

KGHM's market capitalization was PLN 63.6 billion as of October 19, 2026, with 200 million shares outstanding in the structured market record. For investors, the next test is whether the strong first-half earnings profile can absorb the higher investment burden and maintain cash generation.

KGHM stock was trading at EUR 72.82 at Lang & Schwarz on October 20, 2026 at 9:10 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of KGHM stock.