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Zimplats Holdings Limited ( (AU:ZIM) ) has provided an update.
Zimplats Holdings Limited reported a decline in production and increased costs in the quarter ended December 2024. The company faced a 7% year-on-year decrease in mined volumes and a 6% drop in milled volumes due to machinery issues and power supply interruptions. There was a significant 21% year-on-year reduction in 6E metal production, although head grade saw a slight improvement. Costs rose by 3%, and safety incidents were noted with five lost-time injuries. The company is addressing these challenges with management focusing on safety and operational improvements, including smelter enhancements to boost efficiency.
More about Zimplats Holdings Limited
YTD Price Performance: -9.56%
Average Trading Volume: 373
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $788.9M
Find detailed analytics on ZIM stock on TipRanks’ Stock Analysis page.
