Impala Platinum's refined 6E production, which includes saleable ounces from Impala Bafokeng and Impala Canada, increased by 19% to 1.75 million 6E ounces in the half-year ended December 31, 2023.
It said the period was characterised by a noticeable reduction in the frequency and intensity of load curtailment in South Africa, with minimal attributable production foregone and deferred across southern African managed and joint venture operations during the period.
Impala said its gross group 6E production increased by 18% to 1.90 million 6E ounces in the half year ended December 31, 2023, from 1.62 million 6E ounces a year earlier.
It said production from managed operations increased by 28% to 1.51 million 6E ounces, with a like-for-like improvement of 7% from the collective production base at Impala Rustenburg, Marula, Zimplats, and Impala Canada.
Implats ended the period with an excess inventory of about 330 000 6E ounces.
Meanwhile, Implats recorded sales volumes of 1.70 million 6E ounces, including saleable production from Impala Canada and Impala Bafokeng.
It said the notable decline in US dollar basket pricing was only partially offset by depreciation in the rand exchange rate, and group sales revenue decreased to about R25,795 ($1,388) per 6E ounce sold.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
