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    market news

    Implats Q1 Palladium Output Down 12% Y/Y

    Investing News Network
    Nov. 17, 2011 02:22PM PST
    Precious Metals

    Reuters Africa reported Impala Platinum (JSE:IMP) said first-quarter gross palladium production declined by 12 percent to 388,000 ounces.

    Reuters Africa reported Impala Platinum (JSE:IMP) said first-quarter gross palladium production declined by 12 percent to 388,000 ounces.

    As quoted in the market news:

    Implats said around 8,000 ounces were lost during the quarter as a result of safety-related stoppages. Three of the company’s employees were killed in the quarter.

    It also said 34,000 ounces of once-off Lonmin toll material was processed in the previous comparable quarter which comprised the bulk of the fall in production.

    Click here to read the full Reuters Africa report.

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