RBPlat pumps cash despite lockdown
The mid-tier miner warns of a possible delay in new Styldrift mine after losing 45 days to Covid-19
04 August 2020 - 10:26
Royal Bafokeng Platinum (RBPlat) lowered its full-year output guidance by up to 80,000oz of platinum group metals (PGMs) after SA’s Covid-19 lockdown stripped 45 production days out of the first half of the year.
RBPlat benefited from a 77% improvement in the four key PGMs it mines, which more than offset the 13% fall in production of those metals resulting from the lost days of operations since SA entered a hard lockdown at the end of March...
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