Implats Q1 Palladium Output Down 12% Y/Y

Nov. 17, 2011 02:22PM PST

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.