Anglo American Platinum has reported a 2% increase in platinum group metals (PGMs) sales volumes from production for the quarter ending September 30. Eskom load-curtailment had minimal impact on PGMs production. However, third-quarter PGM prices were 39% lower than last year.
CEO Craig Miller emphasized safety and resilience. Total PGMs production decreased by 2%, with drops from own-managed mines. Refined PGM production decreased, with platinum down 6% and palladium down 10%. Nickel and copper production also declined.
The company is on track to meet 2023 production and cost goals. Unit cost per PGM ounce produced is expected to be on the higher side due to factors like foreign exchange rates and inflationary pressure.
For 2023, metal-in-concentrate PGMs guidance is 3.6 to 4 million ounces.
Anglo American Platinum Ltd. wholly owns and operates the Unki mine in Shurugwi.
