Aquarius is unaffected by the strike, giving it an opportunity to benefit from a shortage in supply.
The miner reported earnings before interest, tax, depreciation and amortisation of
Revenue fell to
However, revenue and mine earnings before interest, tax, depreciation and amortisation rose from the previous quarter, driven by higher output at its main Kroondal mine.
Platinum prices have not jumped, despite more than half of primary platinum production being interrupted for more than three months by the strike affecting other miners. Platinum prices have risen only about 3 percent since the beginning of the year.
The miner said the average platinum group metals basket price in dollar terms was down 11 percent from a year earlier, but increased 2 percent from the previous quarter.
"I think pricing was expected to benefit producers like Aquarius that aren't affected by the strikes, but that hasn't taken place," Panmure Gordon analyst
The world's top three platinum miners -
Aquarius said attributable production from operating mines remained ahead of its guidance and in line with production in the third quarter of last year. The Kroondal mine accounts for about 60 percent of Aquarius's production. - Reuters
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