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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board  >  Impala Platinum Holdings Limited (ADR)    IMPUY

IMPALA PLATINUM HOLDINGS LIMITED (ADR) (IMPUY)
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Impala Platinum : Refined Platinum Production Down Due to Tech Issues

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04/26/2018 | 06:09am CEST

By Carlo Martuscelli

Impala Platinum Holdings Ltd. (IMP.JO) said Thursday that refined platinum production decreased by 4.5% in its fiscal third quarter due to a technical problem with one of its furnaces.

The South African metal producer said that refined platinum production for the three months ended March 31 was 316,000 ounces, compared with 331,000 ounces the previous year. It attributed the decline to an electrical failure at one of its furnaces in February that caused a stock build-up.

"Furnace 5 was successfully recommissioned during April 2018 and is expected to be back at full production from May 2018," it said.

Palladium production decreased to 196,000 ounces from 207,000 ounces, while rhodium production was down to 43,000 ounces from 48,000 ounces. Nickel output came to 3.7 million metric tons, 14% lower than in the third quarter of 2017.

Impala said that as a result of the problems, it estimates that 100,000 ounces of accumulated pipeline stock won't be refined in the current financial year.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
IMPALA PLATINUM HOLDINGS LIMITED (ADR) --End-of-day quote.
PLATINUM 0.82% 793.86 Delayed Quote.-15.54%
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Financials ($)
Sales 2018 3 303 M
EBIT 2018 -25,0 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 -
Capi. / Sales 2019 -
Capitalization -
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 1,70  
Spread / Average Target
EPS Revisions
Managers
NameTitle
Nicolaas Johannes Muller Chief Executive Officer & Executive Director
Mandla Sizwe Vulindlela Gantsho Independent Non-Executive Chairman
Meroonisha Kerber Chief Financial Officer & Executive Director
Babalwa Ngonyama Lead Independent Director
Alastair S. Macfarlane Independent Non-Executive Director
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