RBPlat expects interim losses a share to widen on Styldrift ramp-up costs

JSE-listed Royal Bafokeng Platinum (RBPlat) says it achieved record production in the first half of this year, supported by the ramp-up at Styldrift, with platinum, palladium, rhodium and gold (4E) platinum group metals ounces and platinum ounces up by 21.1% and 21.3%, respectively.

Styldrift is a mechanised mine, in North West, that provides access to a high-grade, relatively shallow Merensky resource through a twin vertical shaft system and is a key part of the company’s organic growth strategy.