Silver at record highs lifts HZL

AS SILVER PRICES continue to rally, Hindustan Zinc is increasingly positioning precious metals at the heart of its growth strategy, even as it accelerates capacity expansion and long-term investments, company executives said during the miner’s third-quarter and nine-month earnings call.

- SAURAV ANAND

The company reported sellable silver production of 158 tonne in the December quarter, up 10% sequentially, while nine-month silver output stood at 451 tonne. With silver now contributing 44% of total profits, management reiterated its FY26 silver production guidance of around 680 tonne (£10 tonne) and signalled stronger output in the March quarter, which is typically the best period operationally.