Anglo PGM production Q4 announced!

Commitment to elimination of fatalities, no fatalities occurred in Q4 2019, resulting in a fatal free year at managed operations. Total PGM production increased 9% against prior year (Q4 2018) to 1,152,700 ounces, (excluding Sibanye-Stillwater 4E material), despite the impact of Eskom power outages, which led to a loss of c.20,000 PGM ounces!

 

Own managed mines PGM production increased by 21% to 675,200 ounces due to increased production from all own managed mines!

 

Joint venture PGM production (mined and purchase of concentrate, excluding Mototolo) decreased by 11% to 231,200 ounces due to the impact of power outages, safety stoppages and low equipment availability Refined PGM production including tolling decreased by 2% to 1,492,100 ounces as improved processing operational performance was offset by the impact of Eskom power outages and the associated Rustenburg Processing facilities power failure in December.

 

This led to a build-up of c.89,000 PGM ounces in work-in-progress inventory which we will refined in 2020

PGM sales volumes excluding tolling were up 11% to 1,414,100 ounces as refined production increased and a drawdown in refined inventory supplemented sales.

 

 

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