Anglo American Platinum cuts 2023/24 production forecast

Anglo American Platinum has cut its production forecast for 2023 and 2024 due to lower grades at its Mogalakwena operations and lower volumes from Amandelbult, although 2022 output remains within target, the company said on Friday.

Amplats said refined PGM output for 2023 and 2024 is now expected to be between 3.6 million and 4 million ounces, lower than the initial guided range of between 3.8 million and 4.2 million ounces for 2023 and 4.1 million and 4.5 million ounces in 2024.