Implats production slips amid operational challenges, safety improves

IMPALA PLATINUM HOLDINGS LIMITED (JSE:IMP) reported a 5% decrease in 6E Group production volumes to 2.60 million ounces for the nine months ended March 31, 2025, reflecting challenges at mining operations and processing capacity constraints. Managed operations production also decreased by 5% to 2.01 million ounces, while JV production declined by 2% to 403,000 ounces, and third-party receipts retraced 3% to 144,000 ounces. Gross 6E refined and saleable production increased by 1% to 2.50 million ounces. Encouragingly, the lost-time and total-injury frequency rates improved by 20% and 13%, respectively. The company reiterated its full-year FY2025 volume and unit cost guidance, noting robust PGM demand and sustained pricing support for minor PGMs, despite compressed margins.