KGHM launched USD 725 million expansion and KGHM stock gains 4.37 percent
Published on 10/09/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- KGHM launched a USD 725 million Sierra Gorda expansion on October 2, 2026.
- The project targets a rise in ore processing capacity from 48 million to 60 million tonnes annually.
- KGHM stock was at EUR 78.26 at Lang & Schwarz on October 9, 2026, plus 4.37 percent versus EUR 74.98.
- Second-quarter 2026 revenue rose 51.80 percent to USD 3,488.90 million, while net profit rose 738.50 percent year over year.
KGHM (ISIN PLKGHM000017) was trading at EUR 78.26 at Lang & Schwarz on October 9, 2026 at 11:15 a.m. CEST, up 4.37 percent versus the prior close of EUR 74.98. The company launched a USD 725 million expansion of its Sierra Gorda mine in Chile on October 2, 2026, according to KGHM.
Three milestones shape the story
On July 30, 2026, KGHM released second-quarter results showing revenue of USD 3,488.90 million, up 51.80 percent year over year, and net profit of USD 557.10 million, up 738.50 percent, as reported by Frontier.
On October 2, 2026, KGHM management said the company was pursuing an acquisition process and described a potential USD 1.00 billion plus copper project as an ideal target, according to Biznes24.
On October 2, 2026, the Sierra Gorda expansion became the latest concrete investment milestone. KGHM owns 55.00 percent of the mine, while South32 owns 45.00 percent, and the project is scheduled to reach full production capacity in the second half of 2030, according to KGHM.
What does the expansion change?
The fourth grinding line is designed to lift annual ore processing capacity from 48 million to 60 million tonnes and copper production by 20.00 percent. Completion is scheduled for the end of 2029, with the project financed through operating cash flow and available debt instruments.
The investment gives the strong second-quarter figures a longer operating link, but it also increases the importance of execution and copper prices. Frontier reported that second-quarter EBITDA reached USD 1,010.90 million, up 216.80 percent year over year, while the EBITDA margin rose to 29.00 percent from 13.90 percent.
Dates investors can track
KGHM's next substantiated reporting date is November 18, 2026, when it plans to publish its consolidated third-quarter report, according to the company's investor-relations page. The other dated project milestone is the second half of 2030, when Sierra Gorda is scheduled to reach full production capacity.
Stock trades above its prior close
The Lang & Schwarz quote was EUR 78.26 on October 9, 2026 at 11:15 a.m. CEST, compared with a prior close of EUR 74.98, leaving the daily change at plus 4.37 percent. The primary listing is on GPW in PLN, where the finance quote showed PLN 341.70 at 9:06 a.m. UTC on October 9, 2026, up 4.07 percent from PLN 328.35. The further course of trading is shown by the continuously updated real-time quote of KGHM stock.
KGHM stock facts
- Company: KGHM Polska Miedz S.A.
- ISIN: PLKGHM000017
- Ticker: KGH
- Primary exchange: GPW
- Price Lang & Schwarz (as of October 9, 2026, 11:15 a.m. CEST): EUR 78.26
- Change versus prior close: plus 4.37 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 74.98
- Market capitalization: PLN 68.3 billion (as of October 9, 2026)
- 52-week range: PLN 178.60-396.40 (as of October 9, 2026)
- Sector / Industry: Materials / Copper mining
- Index membership: WIG20
- Next earnings date: November 18, 2026
Market context: Market report WIG20.
