Mmc Norilsk Nickel Reports Consolidated Production Results for the Fourth Quarter and Full Year of 2016
January 31, 2017 at 09:57 am EST
MMC Norilsk Nickel reported consolidated production results for the fourth quarter and full year of 2016. For the quarter, the company's palladium and platinum output amounted to 633,000 oz, down 3% quarter on quarter, and 154,000 oz, down 2% quarter on quarter, respectively.
For the year, the company produced 2.618 million ounces of palladium, 3% less than in 2015. Platinum production declined 2% to 644,000 oz last year. The decrease of palladium and platinum output was due to the reconfiguration of downstream production facilities.