KGHM shares rise after Polish finance minister announces copper tax cut

KGHM Polska Miedz SA

23/05/2025 08:22

** Shares of Poland's biggest copper miner KGHM KGH.WA rise 3% after the Polish finance minister said the copper mining tax will be decreased starting from 2026

** "This is positive news, especially since the tax reduction will also apply to years after 2027," Trigon analyst Michał Kozak says

** The tax cut should boost investment in Poland and support KGHM International's Victoria project, the fourth production line at Sierra Gorda, and the reactivation of Canada's Ajax project, Kozak adds

 (Reporting by Julia Kotowska)

 ((julia.kotowska@thomsonreuters.com))