Anglo American Platinum Limited reported production results for the fourth quarter ended December 31, 2017. For the quarter, the company reported total PGM production of 1,220,000 ounces, decreased 4% due to the closure of unprofitable ounces from Bokoni which was placed on care and maintenance, as well as the temporary closure of the Mototolo concentrator. Own mined PGM production increased 4% to 624,200 ounces due to a strong performance from Mogalakwena, up 15%. Joint venture PGM production (mined and purchase of concentrate) was flat at 265,800 ounces as strong performances from Modikwa and Kroondal offset the production decrease due to the temporary closure of the Mototolo concentrator. Refined PGM production increased 10% to 1,455,600 ounces due to the lower refined volumes in fourth quarter of 2016 following the Waterval Smelter run-out in that period.

For the full year, the company reported PGM production of 5,007,700 ounces as compared to 4,973,800 ounces for the same period last year. PGM Production was 2,447,500 ounces as compared to 2,342,500 ounces for the same period last year. Joint venture PGM production was 548,100 ounces as compared to 562,100 ounces for the same period last year.

For the fourth quarter, PGM sales volumes amounted to 1,511,900 ounces as compared to 1,267,000 ounces, increased 19% due to the increase in refined PGM production and selling down of refined stock to normalised levels.

For the full year, PGM sales volumes amounted to 5,390,700 ounces as compared to 5,058,500 ounces for the same period last year.