Northam report 10.6% increase in total equivalent refined PGM metal production
Northam is pleased to report a 10.6% increase in total equivalent refined metal production from own operations, and a 19.9% increase in total production (including purchased material), for the 6-month period ended 31 December 2023 (H1 F2024), compared to the 6-month period ended, 31 December 2022 (H1 F2023).
Key production metrics for H1 F2024 compared to H1 F2023 are as follows:
| H1 F2024 oz 4E | H1 F2023 oz 4E | % variance | |
| Equivalent refined metal production from own operations at Zondereinde | 160 188 | 160 806 | (0.4%) |
| Concentrate production from own operations at Booysendal | 250 004 | 217 630 | 14.9% |
| Concentrate production from own operations at Eland | 32 574 | 21 463 | 51.8% |
| Total equivalent refined metal production from own operations | 434 977 | 393 309 | 10.6% |
| Equivalent refined metal purchased from third parties | 83 107 | 38 739 | 114.5% |
| Total production including purchased material | 518 084 | 432 048 | 19.9% |
Production growth has been achieved due to the continued focussed execution of the group’s growth strategy. We have targeted increased mechanisation to grow production whilst lowering operational risk and improving our relative position on the industry cost curve. This protects our operations against subdued or volatile commodity markets.
