Hindustan Zinc’s Mined Metal Output Rises in Q3, Saleable Silver Production Declines

Hindustan Zinc reported an increase in mined metal production during the third quarter (Q3), reflecting improved operational performance across its key mining assets. The rise was supported by higher ore grades and better mining efficiencies at select locations, strengthening the company’s core zinc-lead production profile.

However, the company witnessed a decline in saleable silver output during the same period. The drop in silver production was attributed to variations in ore composition and lower silver content in mined material, even as overall mining volumes improved. Management indicated that silver output is closely linked to the grade mix of lead-zinc ores, which can fluctuate quarter to quarter.

Despite the lower silver volumes, Hindustan Zinc maintained stable refined metal production, supported by efficient smelter operations and steady plant availability. The company continued to focus on cost optimisation, digital mine initiatives and productivity improvements to protect margins amid volatile global metal prices.

Industry analysts note that the increase in mined metal production underscores the company’s long-term resource strength, while the temporary decline in saleable silver output is seen as operationally manageable. Hindustan Zinc remains a key supplier to domestic and international markets, with a strong balance sheet and ongoing investments aimed at sustaining growth and enhancing resource efficiency.