Anglo American Platinum Maintains 2017 Production Guidance

LONDON – Precious metals producer Anglo American Platinum Ltd. (AMS.JO) Thursday maintained its 2017 guidance as it reported that its total platinum production during the second quarter of the year increased 5%.

The Johannesburg-listed miner said total platinum production during the second quarter ended June 30, rose to 617,100 ounces from a year earlier.

The company said sales volumes was down 26% to 600,500 ounces during the period compared with a year earlier which had additional sales of metal reflecting the recovery at the Precious Metals Refinery after a planned stocktake and safety stoppage in the first quarter of 2016.

Anglo American Platinum said its full-year production guidance remains unchanged at 2.35 to 2.40 million platinum ounces.

Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

July 20, 2017 02:57 ET (06:57 GMT)