Aquarius Platinum Limited has posted its results for the half year to December 31st, showing a 20 per cent increase in production compared with the first half of 2010.

Attributable production for the six-month period was 250,972 oz of pgm, leading together with higher pgm prices to a 63 per cent jump in revenues to $336.1 million (£209.1 million).

Cash costs at Aquarius Platinum's flagship Kroondal mine increased by four per cent compared with the same period in 2009, and the ramp-up of the Everest project was reported to be "proceeding smoothly" with profitable production already recorded.

Meanwhile, the Blue Ridge project was closed for redevelopment during the six-month period, and the company states that the work is "progressing well".

Aquarius Platinum also recently released its results for the second financial quarter of 2011, saying attributable production rose by three per cent quarter-on-quarter and 14 per cent compared with Q2 2010.

Source:


Half year financial results to 31 December 2010 (10/02/11) 

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