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Kaz takeover plot thickens amid surging profits

Kaz Minerals’ full-year earnings results show a highly profitable, low-cost copper producer – but the question is whether shareholders will accept Nova Resources' takeover offer of 780p/share.

Kaz takeover plot thickens amid surging profits Kaz takeover plot thickens amid surging profits Kaz takeover plot thickens amid surging profits Kaz takeover plot thickens amid surging profits Kaz takeover plot thickens amid surging profits

The road to Baimskaya, pictured, could be a long one, analysts warn

Kaz's revenues increased by 4% year-on-year to $2.3 billion as high copper and gold prices offset lower annual production and sales, the company said on Thursday.