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JOHANNESBURG - Valterra Platinum Limited reported a 15% decrease in second-quarter platinum group metals (PGMs) production from its own-managed mines to 464,100 ounces, primarily due to flooding at its Amandelbult operation in February.
The company, previously known as Anglo American (JO:AGLJ) Platinum, said all mining operations at Amandelbult have resumed, though full-year production from this mine is expected to be between 450,000-480,000 ounces, down from 580,000 ounces in 2024.
Refined PGM production decreased by 12% to 954,000 ounces compared to the same period last year, reflecting both lower metal-in-concentrate production and a larger drawdown of excess work-in-progress inventory in the prior period.
PGM sales volumes fell 22% to 981,500 ounces, in line with the reduced refined production. The average realized basket price was $1,508 per PGM ounce, 6% higher than the previous year, driven by a 16% increase in rhodium prices and 2% higher platinum and palladium prices.
Despite the production challenges, Valterra Platinum maintained its 2025 guidance, though it expects to be at the lower end of the range. The company anticipates producing approximately 2 million PGM ounces from its own operations and 1.0-1.2 million ounces from purchase of concentrate arrangements.
The company also reported one work-related fatality at its Unki Mine in April 2025, while its total recordable injury frequency rate improved to 1.28 per million hours from 1.48 in the prior period.
The information is based on a press release statement from Valterra Platinum Limited.
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