Implats maintains full-year guidance despite lower first-quarter output

JSE-listed Impala Platinum (Implats) is confident of meeting its targets for the full 2020 financial year, despite a 4.2% year-on-year decrease in platinum-in-concentrate production and a 24% year-on-year decrease in refined platinum output in the first quarter of the financial year. Refined platinum production decreased to 281 000 oz in the quarter ended September 30, mainly as a result of planned maintenance at Impala Rustenburg’s acid plant and at the Zimplats subsidiary’s furnace.