News / Local
Zimplats output rises 2%
31 Jan 2021 at 10:00hrs | Views
PLATINUM miner Zimplats recorded a 2% increase in ore mined to 1,864 million tonnes during the quarter ended September 30, 2020, after a new shaft which is still under development bolstered production during the period.
The Australian Stock Exchange-listed operation had reported 1,829 million tonnes the previously quarter.
In a statement to financial results released on Friday, Zimplats said total operating cash costs increased by 3% from the previous quarter, as a result of higher volumes mined and an increase in minerals marketing commission in line with increased revenue.
"Ore mined increased by 2% from the previous quarter and was 4% higher than in the quarter ended 30 September 2019 because of improved fleet productivity and additional tonnage from Mupani Mine, which is still under development," Zimplats said. It said it would be commissioning more processing capacity to its operations, and plans were underway prepare for this development.
"The accumulation of run-of-mine ore stocks will continue in preparation for the commissioning of increased concentrator capacity, which is planned for the second half of FY2022. Operating cash costs per 6E ounce increased by 12% from the previous quarter due to a combination of lower matte volumes and higher operating costs," Zimplats said.
In mining, 6E represents products derived from Platinum Group Metals, which are platinum, palladium, rhodium, ruthenium, osmium and gold.
The platinum miner said a total of US$1,2 million was spent on exploration projects during the quarter and a further US$0,1 million was committed.
"The group recorded three confirmed Covid-19 cases during the quarter. All three employees have fully recovered. Cases were managed in line with the developed Covid-19 code of practice and no operational disruptions were experienced as a result," Zimplats said.
"Covid-19 prevention measures have since been intensified and employee adaptation to the new Covid-19 procedures has commenced and is progressing well".
The Australian Stock Exchange-listed operation had reported 1,829 million tonnes the previously quarter.
In a statement to financial results released on Friday, Zimplats said total operating cash costs increased by 3% from the previous quarter, as a result of higher volumes mined and an increase in minerals marketing commission in line with increased revenue.
"Ore mined increased by 2% from the previous quarter and was 4% higher than in the quarter ended 30 September 2019 because of improved fleet productivity and additional tonnage from Mupani Mine, which is still under development," Zimplats said. It said it would be commissioning more processing capacity to its operations, and plans were underway prepare for this development.
"The accumulation of run-of-mine ore stocks will continue in preparation for the commissioning of increased concentrator capacity, which is planned for the second half of FY2022. Operating cash costs per 6E ounce increased by 12% from the previous quarter due to a combination of lower matte volumes and higher operating costs," Zimplats said.
In mining, 6E represents products derived from Platinum Group Metals, which are platinum, palladium, rhodium, ruthenium, osmium and gold.
The platinum miner said a total of US$1,2 million was spent on exploration projects during the quarter and a further US$0,1 million was committed.
"The group recorded three confirmed Covid-19 cases during the quarter. All three employees have fully recovered. Cases were managed in line with the developed Covid-19 code of practice and no operational disruptions were experienced as a result," Zimplats said.
"Covid-19 prevention measures have since been intensified and employee adaptation to the new Covid-19 procedures has commenced and is progressing well".
Source - the standard
