Impala PGM production down by 5% due to smelters maintenance

For the quarter period ended 31 March 2025, Impala Platinum reported that 6E Group production volumes decreased by 5% to 2.60 million ounces, managed volumes declined by 5% to 2.01 million ounces, JV production decreased 2% to 403 000 ounces, and third-party receipts of 144 000 ounces retraced 3% from the prior comparable period.

Gross 6E refined and saleable production and 6E sales volumes increased by 1% to 2.50 million ounces and 2.55 million ounces, respectively during the period.

Implats’ Chief Executive Officer, Nico Muller, commented: “Our third quarter production results reflect the impact of several challenges at our mining operations, while processing capacity was impeded by required maintenance at our South African smelters. Given the constrained operating conditions encountered in the quarter, I am heartened to reiterate previously provided Group volume and unit cost guidance for FY2025.

Demand for PGMs from our customer base has remained robust, with contractual deliveries augmented by additional spot requests, despite elevated global macroeconomic and geopolitical uncertainty.

Physical tightness and sustained pricing support for the minor PGMs was a notable feature in the quarter.

While PGM pricing appreciated from recent cyclical lows, margins remain compressed. The Group remains focused on delivering consistent and safe production, with our production plans and associated capital allocation aligned to our guiding principle of ensuring free cash flow generation through the cycle supported by a defensive and competitive portfolio.”