Lonmin’s Q1 results show improved liquidity despite relatively poor performance

Platinum miner Lonmin on Friday released its unaudited first-quarter production results for the three months ended December 31, 2018, stating that its relatively poor operational performance had been partially redeemed by its improved liquidity. The company noted that the first quarter is historically the period with the lowest production in its production cycle, owing to the December holiday season and the impact of stocktaking.