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PGM production for the quarter decreased by 3% to 37 753 oz.
JOHANNESBURG ( – JSE-, ASX- and Aim-listed Aquarius Platinum on Friday reported a 1% increase in attributable production of 98 258 platinum group metal (PGM) ounces for the fourth quarter.
The head-grade increased marginally, averaging 2,58 [url=http://www.mylnefieldanalysis.co.uk/barbour.html]barbour outlet[/url] g/t for the quarter compared with 2,54 g/t in the previous quarter. This was owing to the reduction in off-reef square meters mined. Aquarius noted that recoveries also increased further, up 1% to 79% owing to improvement initiatives in operational stability and control.??????????????????????????????????????????
The average plant grade marginally increased to 3,60 g/t, compared with 3,58 g/t [url=http://www.rivaluta.it/css/moncler.html]moncler outlet[/url] in the previous quarter.???????????????????????????????????????????????????????
Openpit production reduced due to intersection of potholed reef in the run-of-mine (ROM) pit, which significantly reduced the mining yield from the area mined. The openpit stripping ratio was negatively impacted on by the lower mining yield, resultantly increasing to [url=http://www.rtnagel.com/airjordan.php]nike air jordan pas cher[/url] 23:1 for the quarter.
At Aquarius’ Kroondal operations, in South Africa, [url=http://www.buynflticketsonline.com]Cheap NFL Tickets[/url] redevelopment reduced off-reef square meters mined as a result of geological features by 20% from the previous quarter. These factors contributed to improve the tonnage yield, Aquarius reported. [url=http://www.getconversational.com]hollister pas cher[/url]
PGM production increased by 1% to 105 720 oz, while primary development for the quarter was 1,838 m.
Tons processed totaled 537 917, a 2% decrease compared with the previous quarter, primarily owing to the phase 5.5 tie-in work that was deferred from March to May. Recoveries for the quarter slightly increased to 75,4% from 73,3% while PGM production during [url=http://www.rivaluta.it/hot/hogan.asp]outlet hogan[/url] the quarter increased by 1% to 46 874 oz, despite commissioning.
Stoping sections at No 4 shaft maintained efficiency improvements during the quarter but reef production remained “adversely” affected by the off-reef primary development and high incidence of potholing.
The [url=http://www.mansmanifesto.com]doudoune moncler[/url] head-grade decreased by 4% to 2,75 g/t. owing to higher relative contribution of the underground material which has lower grade than open pit material. Aquarius noted that recoveries decreased by 2% to 69% owing to intermediate partially weathered openpit material processed during the quarter.
“The final quarter of the year has been a busy one. Operationally our [url=http://www.rivaluta.it/css/moncler.html]moncler sito ufficiale[/url] mines performed well, with an increase in attributable production despite the shortfall in production shifts, owing to public holidays,” said Aquarius CEO Stuart Murray.
Aquarius commissioned the Wedza 5.5 expansion in May, providing capacity to produce 200 000 oz/y PGM, with run-rates in June achieving production.?????????????
Underground production increased by 11% to 1,6-million tons for the quarter. Stoping performance at K5 remained a challenge, however, the K5 decline development showed improvement and completion of the development through the Townlands fault was expected in the next quarter.??????????????????????????????????????????????????
At the Mimosa operation, in Zimbabwe, mining [url=http://www.mansmanifesto.com]www.mansmanifesto.com[/url] operations hoisted 525 [url=http://www.1855sacramento.com/peuterey.php]giubbotti peuterey[/url] 682 t compared with the 539 004 t in the previous quarter. Tons milled during the quarter totaled 537 917 t, with 12 235 t being taken from the stockpile, which totaled 235 765 t at the quarter end.???????????????????????????????????????????????????????
As a result of these factors, openpit operations showed a quarter-on-quarter decrease of 11% to 234 340 t. It is anticipated that the pothole intersection would further impact on production during the next quarter [url=http://www.rivaluta.it/hot/hogan.asp]hogan outlet[/url] and in-fill drilling was in process to determine the full extent of the feature. In the interim, stripping of the west-west pit had been expedited to provide alternative openpit production.
At the Marikana operations, also in South Africa, Aquarius reported that at both No [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] 1 and No 4 shafts, primary development and redevelopment continued well, with a 14% increase in development from the previous quarter with re-establishment of sections contributing to improved production as planned.
Consequently, Marikana underground production increased by 5% to 316 822 t for the quarter but underground mining grades were impacted on by the higher contribution of redevelopment and development tons, Aquarius stated.?????????????????????????????????????????
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