By Christian Moess Laursen
Anglo American Platinum said Thursday that platinum production and sales volumes fell in the second quarter, but backed its full-year production and unit-cost guidance.
The South African precious metals company, which is majority owned by Anglo American PLC, said platinum group metals production fell 10% to 526,700 ounces.
The fall was mainly due to short-term operational challenges and infrastructure closures at the Amandelbult mine, as well as expected lower grades at Mogalakwena, it said.
Sales volumes for platinum metals group decreased by 8% to 1.11 million ounces due to refined production falling 13% to 1.07 million ounces.
Looking ahead, Anglo American Platinum reaffirmed its full-year guidance for production and unit costs.
"We remain on track to achieve our 2023 guidance, with a strong focus on demonstrating our resilience through safe, stable, and capable operations for the remainder of the year," Chief Executive Natascha Viljoen said.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
07-20-23 0324ET