Hindustan Zinc Forecasts Stable Zinc, Silver Prices Amid Expansion Plans
Hindustan Zinc expects stable zinc and silver prices in the coming quarters, according to CEO Arun Misra. He anticipates zinc will trade within a $100 per tonne band over the next three quarters, while silver should remain steady between $50 and $70 per troy ounce with limited volatility.
The miner is targeting production costs below $1,000 per tonne, supported by higher production volumes and stronger by-product realisations. Hindustan Zinc reported revenues of ₹13,747 crore and net profit of ₹5,469 crore in the April-June quarter (Q1FY27), with margins of 58.56%.
The company is expanding its metal production capacity, with a previously announced 250 kt expansion currently under construction. It aims to commission this expansion by the second quarter of FY28 and announce an additional 650,000 tonnes of metal production capacity in the third quarter of this financial year.