Impala Platinum first quarter 6E production declines 5% amid rising prices

Impala Platinum Holdings' share price fell 4.89% on Friday after the mining group reported that 6E production volumes had decreased by 5% through the group's first quarter to September 30.

- EDWARD WEST

Group platinum metals production came to 882 000 ounces, with a 5% decline in managed volumes to 693 000 ounces, a 5% decline from joint ventures to 138 000 ounces, and a 3% increase in third-party receipts to 52 000 ounces, the mining group said Friday in a report.

The share traded at R186.12 on the JSE in the afternoon, a price that was below the R198.64 that it traded at a year ago.

Gross 6E refined and saleable production volumes increased by 3% to 830 000 ounces, and 6E sales volumes were 7% higher at 847 000 ounces.

"Implats delivered higher refined and saleable production and sales volumes into much improved PGM pricing. Our efforts to mitigate fatal injuries secured a fatal-free quarter. Implats remains firmly on track to deliver against its previously communicated operational, cost, and capital expenditure guidance in the 2026 year," Implats' CEO Nico Muller said.

He said they recently successfully concluded annual contractual negotiations with their core customer base, reaffirming the outlook for rising demand across the group's suite of precious and base metals.