Anglo American Platinum has announced its outlook for 2023 and future guidance for the next three years, focusing on production stability, cost optimization, and strategic investments. Key points include:
- 2023 Performance Goals: The company reports being on track to achieve its 2023 production and cost guidance, with lower than expected capital expenditures.
- Stable Production and Cost Optimization (2024-2026): Production from own operations is projected to remain stable over the next three years. The company plans to implement cost optimization initiatives expected to generate significant savings.
- Future Capital Expenditure Focus: Future capital expenditures will concentrate on maintaining asset integrity and reliability. The company plans to re-phase certain growth options to enhance near-term cash flows.
- Competitive Positioning Strategies: Measures are being taken to strengthen the company’s competitive stance. These include prioritizing higher-margin production and reducing reliance on third-party processing.
CEO Craig Miller highlighted the company’s dedication to safe and sustainable operations. He stressed the importance of adapting to market conditions, focusing on value-driven strategies, and executing cost-saving measures to maintain and enhance the company’s market position. 
