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Reuters reported that Aquarius Platinum, which is the fourth largest platinum producer in the world, was able to bring down costs by over 30%, sending its shares to as much as 10% despite a 24% drop in core profits.
Reuters reported that Aquarius Platinum, which is the fourth largest platinum producer in the world, was able to bring down costs by over 30%, sending its shares to as much as 10% despite a 24% drop in core profits.
As quoted in the market news:
Aquarius said the total cash cost of production was $156 million in the first half, down $80 million from a year earlier, due to lower production following the closure of its high-cost mines Marikana and Everest last year.