Polish state-controlled copper and silver producer KGHM is actively exploring acquisition opportunities across Morocco, Argentina, Canada and the United States as part of its new Strategy 2055+ plan, CEO Remigiusz Paszkiewicz confirmed, with the company’s existing overseas operations already accounting for approximately 48% of core profit in 2025.
“Over the next five to ten years we are focusing on raw material diversification, seeking access to critical metals, developing and building new revenue sources that strengthen our resilience to copper and silver market fluctuations,” Paszkiewicz said.
The international profit contribution is driven by KGHM’s 55%-owned Sierra Gorda copper mine in Chile and the Robinson mine in Nevada. The company’s development pipeline includes the Victoria and Ajax projects in Canada and the Sierra Gorda Oxides project in Chile, providing a foundation for further Americas expansion.
KGHM also plans to expand the global reach of its contracting subsidiary DMC Mining Services to secure new mining contracts internationally, adding a services revenue stream alongside its producing and development asset base.
The international push complements KGHM’s domestic ambitions, which include building a new “KGHM 2.0” mine in Poland and committing more than 32 billion zlotys in investment through 2030 targeting 730,000 tonnes of annual copper output.
