Zimplats records 4% decrease in costs

ZIMPLATS Holdings has recorded a 4% decrease in total operating cash costs in the quarter ended June 30, thanks to cost-containment measures, the company has said.

In March, the platinum group metals  (PGM) miner announced a voluntary layoff exercise for all employees to keep the company afloat following a dip in prices on the metals market.

For the period under review, total operating cash costs totalled US$127 339 000, down from US$133 134 000 recorded in the comparable quarter last year.

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