KGHM’s representatives have left for Canada to see firsthand their most recent purchase: the Quadra mining company. KGHM is putting high hopes on the new acquisition, and expects it to bring a stable profits beginning this year, but this visit appears to be as much for the market as it is for senior management. An analyst of Societe Generale, Leszek Iwaszko considers the visit an important step, as Quadra is a far more complex company than KGHM. “We are not familiar with the technologies of the extraction and production levels are also variable,” he says. Analysts hope KGHM will make its report by May, along with Q1 2012 results. The company expects to earn PLN 3.8bn this year, but the market is more interested in the first quarter results, as it will provide Quadra’s figures for last month.
