PGM production at Mimosa mine for the three months to March 31, 2018 increased marginally to 30 129 ounces compared to 29 975 ounces in the same quarter in 2017 largely as a result of an increase in tonnes milled.
The Zvishavane-based mine is a 50:50 joint venture between South African giants Sibanye and Impala Platinum.
In an update, Sibanye said tonnes milled at Mimosa totaled 338 000 tonnes in the March 2018 quarter compared to 335 000 tonnes same period last year.
Recoveries were up on prior year at 78.15% against 77.72% last year.
Yield was 2.77 g/t compared to 2.78 g/t in 2017.
According to the update, the company sold a total 30.129 4E ounces compared to 29.975 4E ounces in prior year.
The average PGM basket price was at $1.058 for the quarter under review compared to $915 last year same period. – The Source
(185 VIEWS)
At least four million people in Zimbabwe reported that they had gone without food on…
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
