Aquarius Platinum Lowers Cost, Shares Rise

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.

Click here to read the full Reuters report.