Anglo American Platinum Posts Higher 1Q Production, Backs Full-Year Guidance
By Jaime Llinares Taboada
Anglo American Platinum Ltd. on Thursday reported higher
production and sales for the first quarter of the year, and
reaffirmed full-year expectations.
The South Africa-based precious-metals miner, which is
majority-owned by Anglo American PLC, produced 1.02 million ounces
of platinum group metals in the first quarter. This includes
platinum, palladium, rhodium, iridium, ruthenium and gold. The
figure represents a 7% increase from the same period of 2020, but a
5% decline from the fourth quarter.
Sales volumes from production and trading jumped 45%
year-on-year to 1.35 million ounces as production was supplemented
by the drawdown of minor metals from refined inventory in support
of increased demand.
The company maintained full-year production guidance at 4.2
million ounces to 4.6 million ounces.
Write to Jaime Llinares Taboada at email@example.com;
(END) Dow Jones Newswires
April 22, 2021 02:51 ET (06:51 GMT)
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