Impala Platinum's Group 6E production improved marginally to 3.50 million 6E ounces in the year to June 30, from 3.48 million 6E ounces in the year before. Production from managed operations increased by 1% to 2.75 million 6E ounces.
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Impala Platinum delivered a strong operating performance at its mining and processing assets in its year to June 30 after benefiting from higher refined production, sales, and much improved metals prices.
In a production report released Friday - the full financial results are scheduled to be released on September 3, 2026 - the group said there had also been four fatalities at its operations in the period
Group 6E production improved marginally to 3.50 million 6E ounces from 3.48 million 6E ounces in the year before. Production from managed operations increased by 1% to 2.75 million 6E ounces. Sales revenue rose by more than 50% to R38,100 per 6E ounce sold.
Impala Rustenburg production increased by 4% to 1.74 million 6E ounces, this after production from the South and Central shafts increased by 3%, with stock-adjusted volumes of 1.31 million 6E ounces at a five-year high.
Saleable production from the North Shafts improved by 6% to 435,000 6E ounces and benefitted from the sustained ramp-up in production at Styldrift.
Production in matte at Zimplats was stable at 606,300 6E ounces, with 24,000 6E ounces of concentrate inventory accumulated during furnace maintenance.
Concentrate volumes benefitted from improvements in both mined and milled volumes and increased by 5% to 660,400 6E ounces.
At Marula, there was an increased development rate on grade and recoveries as strategies to improve mining flexibility were advanced. 6E concentrate production fell by 8% to 186,000 6E ounces.
At Impala Canada, 6E concentrate volumes were 10% lower at 212,800 ounces, reflecting planned tapering of production rates at the operation.
Group production and managed volumes were restated following the consolidation of Impala Rustenburg.
Production from joint ventures fell by 3% to 525,700 6E ounces: Two Rivers recorded a 1% decrease in 6E in concentrate production to 286,600 ounces, with yield improvements largely compensating for variations in milled throughput and grade.
At Mimosa, 6E in concentrate volumes retraced by 6% to 239,100 ounces. Processing stability was impacted by intermittent power interruptions and increased volumes of oxidised ore as mining activities navigated complex geology towards the extremities of the orebody.
Concentrate receipts from third parties were 6% higher at 221,900 6E ounces, reflecting better-than-expected deliveries from underlying contractual agreements.
Refined 6E production, which includes saleable ounces from Impala Rustenburg North Shafts and Impala Canada, improved by 5% to 3.56 million 6E ounces.
South African processing assets delivered a strong performance. Record milling rates were achieved at the base metal refinery, while the precious metal refinery delivered a 6% increase in volumes to 2.92 million 6E ounces.
Excess work in process inventory was reduced in line with expectations to 300,000 6E ounces from 420,000 ounces at the end of 2025.
Sales volumes increased by 4% to 3.51 million 6E ounces, including saleable production from Impala Canada and Impala Rustenburg North Shafts. The group benefitted from significant, broad-based appreciation of US dollar pricing for both precious and base metals in the period.
Sales revenue rose by more than 50% to R38,100 per 6E ounce sold.
Group unit costs per 6E ounce are expected to increase by 8% to about R24,250. Unit costs benefitted from improved refined and saleable volumes and rand appreciation.
This partially offset inflationary pressures from energy pricing at mechanised operations, the prioritisation of development activities at Marula, which increased costs and reduced reported production volumes, and additional discretionary spend on maintenance and infrastructure at Impala Rustenburg and Zimplats.
Group capital expenditure is expected to have increased to R7.2 billion. It was below the guided range of R8bn to R9bn due primarily to the timing delays on fleet expenditure at Zimplats and the start of projects relating to the Marula deepening and the chrome project at Impala Rustenburg North Shafts.
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