Manufacturing Industry
AQUARIUS PLATINUM LIMITED - 4TH QUARTERLY RESULTS: 30 June 2006.
PR Newswire UK Disclose, July, 2006
AQUARIUS PLATINUM LIMITED
4TH QUARTERLY RESULTS: 30 June 2006
Marikana Pool and Share Agreement shows its promise
Highlights of the Quarter
Group attributable production increased 8% to a new quarterly record of 129,162
PGM ounces
Average group PGM basket prices up 21% to $1,192 per ounce
Strong improvements in cash margins across all operations, notably Marikana
P&SA1 at Kroondal
99,406 PGM ounces produced for the quarter (Aquarius attributable : 49,703 PGM
ounces)
Difficult geology at No. 3 shaft and reduced number of mining shifts impact
production
Increased mine development to provide positive results by next quarter
Cash margin increased to 66% from 61% in the previous quarter
Decline sinking at No. 5 Shaft remains ahead of...
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