KGHM, the state-controlled miner headquartered in Poland, is actively looking beyond Europe for acquisition prospects as it implements a refreshed corporate strategy, Chief Executive Remigiusz Paszkiewicz said on Monday.
Company executives are examining opportunities in Morocco, Argentina, Canada and the United States, according to Paszkiewicz. Those prospective moves form part of a broader effort to change the makeup of KGHM's asset base outside its traditional European footprint.
Overseas operations already play a material role in the company’s earnings profile. In 2025, assets located outside Poland accounted for approximately 48% of KGHM’s core profit. The firm currently operates the Sierra Gorda mine in Chile, where it holds a 55% stake, and the Robinson mine in Nevada.
Paszkiewicz outlined a multi-year focus that emphasizes diversification of raw materials and pursuit of critical metals. "Over the next five to 10 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," he said.
In parallel with searching for acquisitions, KGHM intends to expand the global footprint of its contracting subsidiary, DMC Mining Services. Company materials indicate that growing DMC’s international contracting business is intended to help KGHM secure additional mining contracts outside its current operating regions.
The company’s stated development pipeline contains several projects. Among these are the Victoria and Ajax projects in Canada and a Sierra Gorda Oxides initiative in Chile. Those projects are listed as part of KGHM’s near- to mid-term development plans.
The information provided by KGHM describes strategic priorities and selected assets and projects, but it does not specify timelines, deal sizes or the stage of any potential transactions under review. The company’s stated priorities stress diversification and the creation of new revenue sources to mitigate exposure to cyclical copper and silver markets.
Contextual note: The company’s remarks summarize strategic direction and target regions. Specific outcomes for potential acquisitions, the scale of expansion for DMC Mining Services, and the development schedules for Victoria, Ajax and Sierra Gorda Oxides were not detailed in the statements reported.