Anglo American Platinum Limited Announces Production Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Production Guidance for the Full Year of 2019
For the year, the company reported total platinum production of 2,484,700 ounces against 2,397,400 ounces a year ago. Palladium production was 1,610,800 ounces against 1,557,400 ounces a year ago. Tonnes milled was 28,260,000 tonne against 29,698,000 tonne a year ago.
For the full year 2019, PGM production outlook (excluding tolling material from Sibanye-Stillwater) for 2019 is between 4.2 - 4.5 million ounces, including platinum production of between 2.0 - 2.1 million ounces and palladium production guidance of between 1.3 1.4 million ounces. Production guidance is down on 2018 due to the transition of Sibanye-Stillwater material to a tolling arrangement in place of its concentrate purchased. Purchased production from Sibanye-Stillwater in 2018 equated to 903,900 PGM ounces, including 464,100 platinum ounces and 231,800 palladium ounces. Refined production and sales volumes should increase as the backlog of work-in-progress-inventory is processed in full during 2019.