Anglo American Platinum refers shareholders to the Anglo American plc briefing for investors and analysts which includes updated production guidance for the next three financial years.
Anglo American Platinum’s production guidance will change from 1 January 2019 as Sibanye PGM material will no longer be purchased as concentrate but toll treated, with the refined metal returned to Sibanye. As a result, production (metal in concentrate) will be lower than 2018.
Platinum production (M&C):
2018F: 2.45 - 2.5 Moz
2019F: 2.0 - 2.2 Moz
2020F: 2.0 - 2.2 Moz
2021F: 2.0 - 2.2 Moz
Palladium production (M&C):
2018F: 1.5 -1.6 Moz
2019F: 1.3 -1.4 Moz
2020F: 1.3 -1.4 Moz
2021F: 1.3 -1.4 Moz
In conjunction, Anglo American Platinum has updated cost guidance as follows:
Unit cost per produced platinum ounce (M&C):
2018F: R19,600 – R20,200 (Anglo guidance: ~$1,550)
2019F: R20,800 – R21,400 (Anglo guidance: <$1,600)
The presentation will start at 12:00 UK time / 14:00 SA time and is available on the Anglo American plc website at https://www.angloamerican.com/investors/investor-presentations/2018.
This announcement contains forward-looking statements which are based on the Company’s current beliefs and expectations about future events. The operational and financial forecasts provided in this announcement are estimates and have not been reviewed and reported on by the Company’s external auditors.
Johannesburg, South Africa
11 December 2018
Sponsor
Merrill Lynch South Africa Proprietary Limited