Valterra Platinum's Production Figures Miss Expectations — Market Talk

About this update from Valterra Platinum Limited

Valterra Platinum suffers from weaker grades and throughput than expected, RBC Capital Markets Ben Davis and Nana Adwoa Sereboo write. The mining company's first-quarter production misses the analysts' expectations. This was largely the result of lower grades at Valterra's Mogalakwena mine, they say. The miner's full-year production guidance still looks achievable, with volumes likely to rise over the remainder of the year, they say. London-listed shares are down 3.1% at 6,430 pence. ([email protected])

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