Production in the year to September amounted to 139,700 ounces of contained PGMs and 1.29 Mt of chrome concentrates
and chrome miner () says earnings fell sharply last year due to the impact of lower production and weak chrome prices.
Production in the year to September amounted to 139,700 ounces of contained PGMs and 1.29 Mt of chrome concentrates, which was a reduction year-on-year of 8.3% in PGMs and 11% in chrome concentrates.
Disruption from a pit redesign at the mine in South Africa was one of the issues.
Chrome concentrate prices were also weak with the received price 13% lower than the previous financial year at US$162/t.
As a result, basic and headline earnings per share for the year to September are expected to be US$4c per share or 79% lower than the US$19c seen a year ago.
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