By Anthony O. Goriainoff
Valterra Platinum said platinum group metals sales volumes fell in the third quarter, due to the timing difference in the recognition of sales.
The platinum group metals mining company said Tuesday that PGM sales volumes in the period fell 15% to 936,800 ounces and were marginally below refined production volumes. The company said some sales volumes had rolled into October.
The company, which started trading in London in June after its spinoff from Anglo American, said refined PGM production--excluding tolling--fell by 5% to 981,500 ounces. This was due to lower metal in concentrate, or M&C, production, among other items.
Tolling refers to the processing of materials, such as concentrates from a mine, which it doesn't own on behalf of a third party.
Valterra said total PGM production in the period fell 7% to 855,100 ounces, mostly due to the transition of the Kroondal platinum concentrator plants into a 4E metals processing, or tolling, arrangement from September 2024. In mining, 4E metals refer to platinum, palladium, rhodium, and gold.
The board backed its production guidance for the year and said the company was on track to deliver M&C production of 3.0 million to 3.2 million ounces. Refined production and sales volumes are expected at around 3.4 million PGM ounces, it said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
October 28, 2025 04:32 ET (08:32 GMT)
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