RBPlat keeps full-year guidance intact despite quarterly output drop
Its production guidance for the year was kept unchanged at between 470,000oz and 490,000oz
Royal Bafokeng Platinum (RBPlat), which is the subject of a takeover bid by Impala Platinum (Implats), reported a decline in the amount of ore it removed from the ground in the first quarter but kept its production forecast for the full-year intact.
Total tonnes hoisted dropped 2.4% to 1.085-million tonnes as the disappointing performance of its Styldrift mine more than offset the decent performance from Bafokeng Rasimone Platinum Mine. Total tonnes milled for the reporting period rose 6.6% year on year...
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