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Valterra - Q4 production report
Valterra reported its strongest quarterly performance for Q4 2025, with total PGM production increasing by 1% to 880 200 ounces, driven by higher own-mined output and operational improvements. Full-year PGM production exceeded guidance at 3 200 600 ounces, with refined production reaching 3 412 000 ounces. PGM sales volumes rose by 4% to 1 042 100 ounces, supported by higher refined output and market demand. The average realised basket price increased significantly to R38 723/PGM ounce (USD2 269), up 41% year-on-year, reflecting a bullish market environment. Safety performance improved, with zero fatalities and a 26% reduction in recordable injury rate. Production guidance for 2026 remains at 3.0-3.4 million ounces. The company continues to focus on operational stability, safety, and shareholder returns.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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