Aquarius Platinum Mines Exceed Q3 Production Guidance

Mining Weekly reported that Aquarius Platinum (ASX:AQP) announced that its Mimosa mine, in Zimbabwe, and Kroondal mine, in South Africa, have delivered 57 391 oz and 107 089 oz respectively of platinum-group metals (PGMs) for the quarter, exceeding the company’s Q3 production guidance.

As quoted in the market news,

When combined with the 2 552 oz of PGMs produced at the company’s Platinum Mile tailings retreatment plant, located on Anglo Platinum’s Rustenburg platinum mine, in the North West, overall production for the quarter increased to 167 032 oz, from 160 014 oz in the prior year’s comparable three months.

CEO Jean Nel, Kroondal stated:

[This is] a credible result that could have been much better had it not been for the 113 000 t of lost production – valued at R73-million – due to six Section 54 stoppages imposed on Kroondal by the Department of Mineral Resources in the quarter.

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