Unki production increases by 2%
Unki Mines, the country’s third-largest platinum group metals (PGM) producer owned by Anglo American Platinum, experienced a 2 per cent increase in production during the quarter ended March 31, 2024, compared to the previous quarter ending December 31, 2023.
During the quarter ended December 31, 2023, Unki produced 61,800 ounces. This production figure, however, remained stable at 62,800 ounces during the first quarter of 2024 compared to the same quarter in 2023.
Platinum production at Unki increased by approximately 1 per cent to 28,600 ounces in the first quarter of 2024, up from 28,400 ounces produced during the same quarter the previous year, showing a similar 1 per cent increase from the previous quarter ending December 31, 2023, with 28,300 ounces.
Palladium production at Unki Mine also saw a significant increase of approximately 4 per cent to 24,300 ounces during the first quarter of 2024 compared to the previous quarter (Q4 2023) with 23,400 ounces, marking a 1 per cent increase compared with the same quarter of 2023, with 24,100 ounces.
Rhodium production at Unki increased by approximately 4 per cent to 2,800 ounces from both the previous quarter and the same quarter of 2023, where it stood at 2,700 ounces.
However, other PGM production at Unki experienced a decrease of approximately 3 per cent during the first quarter of 2024 to 7,100 ounces from 7,300 ounces produced during the same quarter the previous year. There was also a decrease of approximately 4 per cent compared to the previous quarter (Q4 2023), with 7,400 ounces.
Despite these fluctuations, Unki Mine continues to play a significant role in the country’s PGM production, with promising prospects for further growth and development in the sector.