[miningmx.com] – AQUARIUS Platinum would conduct a viability test of each of its shafts following further downward pressure on the dollar platinum price, said BDLive citing comments made by Jean Nel, CEO of Aquarius in its quarterly review.
Management would increase attention on safety and productivity and also conduct “a focused assessment of the viability of each shaft at each operating mine to ensure the sustainability of the business in a low metal price environment,” Nel said.
The platinum price has dropped to $977/oz from the $1,006/oz Aquarius received in the fourth quarter of its financial year, said BDLive. Palladium fell to a near two-year low in the June quarter to $675/oz. on Tuesday, it was trading at $618/oz, it said.
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