Harare — COSTS at the Zimbabwe Platinum Mines Limited (Zimplats) rose twice as fast as output in the third quarter, the latest report from the country's largest platinum producer shows.
Total cash costs rose to US$462 per ounce from US$401 in the previous quarter because of Zimbabwe's managed exchange rate and the doubling of amortisation and depreciation charges. This represents a 15 percent rise in costs, more than double the 6.7 percent rise in precious metals sales over the quarter.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article