Zimplats Reports 5% Increase in Mined Volumes Driven by Improved Underground Operations
Zimplats reported a 5% increase in mined volumes for the quarter ending December 2025, driven by improved underground operations and equipment availability, with a year-on-year rise of 15%. Processing plants also saw a 3% quarter-on-quarter increase in milled volumes and a 12% rise year-on-year, while 6E concentrate production reached 169,086 ounces, up 7% from the prior quarter. The company is advancing major growth projects, including the Mupani Mine and a smelter expansion, amid a positive outlook for the global platinum group metals market.
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Zimplats recorded a 5% increase in mined volumes for the quarter ended December 2025, attributed to enhanced underground operations and equipment availability. Year-on-year, mined volumes rose by 15%. Open-pit mining rates also contributed to overall performance improvements.
Processing plants saw a 3% increase in milled volumes quarter-on-quarter and a 12% rise year-on-year. Metallurgical recoveries improved by 4%, though they were 2% lower compared to the previous year. 6E concentrate production reached 169,086 ounces, up 7% from the prior quarter.
Total operating expenses increased by 4% quarter-on-quarter and 22% year-on-year due to higher labor and maintenance costs. Zimplats is advancing major growth projects, including the Mupani Mine and smelter expansion, while a solar power project is on track for completion in H1 FY2027. The global platinum group metals market outlook remains positive, with expected demand growth in 2026.
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