Aquarius Platinum’s attributable PGM production from its two operating mines and one tailings retreatment plant rose 6% in the June 2015 quarter compared with the June 2014 quarter, to 88.8 koz. Most of this increase was due to a 6% rise in production at its primary Kroondal mine, to 56.0 koz (attributable, 50%-owned), a record as ore mined rose 11% at a slightly higher grade of 2.48 g/t PGM.
PlatMile contributed 2.8 koz PGM against zero in the corresponding period last year.
The weighted average price received was 16% lower at US$1,006/oz PGM. Cash costs averaged US$771/oz PGM.
During the June 2015 quarter, the company received part proceeds from the sale of the Everest mine amounting to US$33 million and, at the end of the quarter, the company had US$196 million in cash.
Aquarius Platinum increases PGM production by 6% yoy: AQP