By Jaime Llinares Taboada


Impala Platinum Holdings Ltd. on Friday reaffirmed guidance for the year ending June 30, but said that the operating landscape continues to be challenging.

Nico Muller, the chief executive of the company, said that escalating geopolitical conflict, rampant inflation, constrained supply chains and a tight labour market compounded the production impact of extended safety stoppages and the protocols required to manage Covid-19.

The South African precious metals miner had forecast last month refined production of 3.10 to 3.20 million ounces at an operating cost of between 16,800 South African rand and 17,400 rand ($1,048-$1,085) per ounce, and capital expenditure of ZAR8.5 billion-ZAR9.5 billion.

In the third quarter ended March 31, Implats said that its refined production of platinum group metals declined 8% year-on-year to 735,000 ounces, reflecting lower concentrate volumes. Sales volumes fell 3% to 838,000 ounces.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

04-29-22 0138ET