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Sibanye-Stillwater's Q3 output at South African PGM mines down 18%

10/29/2020 | 02:59am EST
Spread of the coronavirus disease (COVID-19) in South Africa

JOHANNESBURG (Reuters) - Miner Sibanye-Stillwater said on Thursday third-quarter output at its South African platinum mines fell despite a faster than expected production build-up at its local operations following a COVID-19 lockdown.

Mined PGM production for the quarter ended September from its U.S operations was largely flat at 147,835 ounces compared with 147,353 ounces a year earlier, while its South African PGM operations output fell 18% to 427,715 ounces.

Gold output for the quarter was little changed at 288,938 ounces compared to 287,330 ounces during the same period a year ago.

(Reporting by Tanisha Heiberg; Editing by Shri Navaratnam)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.07% 1838.5 Delayed Quote.21.26%
SIBANYE STILLWATER LIMITED -1.66% 55.05 End-of-day quote.53.39%
SILVER 0.62% 24.1825 Delayed Quote.34.87%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED -0.83% 2.4 End-of-day quote.-41.18%
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