K GH M P ol ska Mi e dz S A 45 Chang e in inventories I n ve n t o r ies o f co p p e r in co n ce n t r at e at t h e sm e lt e r s a m o un t o f C u t A fu r th e r d e c r e ase in th e le v e l of in v e n torie s d u e to th e b e tte r av ailab ility o f e q u ip m e n t an d th e p rop e r fu n c tio n in g o f th e c o p p e r c o n c e n trate roas tin g in s talla tio n In s u b s e q u e n t q u arte rs c o n c e n trate in v e n to rie s w ill b e c o n s is ten tly o p tim i s ed I n ve n t o r ies o f co p p e r an o d e s at t h e sm e lt e r s a m o un t o f C u t Th e d e c r e ase in c op p e r an od e s in v e n torie s r e su lte d from th e ad op te d p rod u c tio n p lan an d fro m h ig h e r e le c troly tic c o p p e r p rod u c tio n 26 849 24 915 20 444 Q 2 201 9 Q 3 201 9 Q 4 201 9 34 248 29 946 24 277 Q 2 201 9 Q 3 201 9 Q 4 201 9 1 9 Q 4Q 3 1 8 Q 4Q 3