Solid delivery
The Q3 update provides some reassurance that, following the recent CEO change, Bushveld may be overcoming challenges which have led to unfavourable revisions to both production and unit cost guidance. Q3 production of 1,000mtV was ~3% ahead of our 974mtV forecast, C1 production cash costs of US$26.5/kg were ~2% below our US$27.0/kg forecast and guidance for 2023 was reiterated (both for production and unit costs). There is no material update to progress on the refinancing transact ....

06 Nov 2023
3Q trading update: solid with guidance reiterated

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3Q trading update: solid with guidance reiterated
Bushveld Minerals Limited (BMN:LON) | 0.3 0 0.0% | Mkt Cap: 6.36m
- Published:
06 Nov 2023 -
Author:
Martin Thomas MT -
Pages:
12 -
Solid delivery
The Q3 update provides some reassurance that, following the recent CEO change, Bushveld may be overcoming challenges which have led to unfavourable revisions to both production and unit cost guidance. Q3 production of 1,000mtV was ~3% ahead of our 974mtV forecast, C1 production cash costs of US$26.5/kg were ~2% below our US$27.0/kg forecast and guidance for 2023 was reiterated (both for production and unit costs). There is no material update to progress on the refinancing transact ....