Zimplats Holdings Limited has released its quarterly report for the period ended 31 March 2026, highlighting key developments in production, costs, and major projects.
The company recorded one lost-time injury (LTI) during the quarter, with management committed to achieving a zero-harm workplace. Mined volumes decreased by 1% from the prior quarter but improved 17% year-on-year. However, 6E head grade decreased by 1% and 2% from the previous quarter and year-on-year, respectively. Milled volumes improved by 15% year-on-year but were 6% lower from the prior quarter.
Total operating costs declined by 2% from the prior quarter, in line with reduced mining production and milling volumes. However, costs increased by 22% year-on-year, driven by higher open-pit production, export commissions, labor, and maintenance costs. Cash costs per 6E oz increased by 29% and 27% from the prior quarter and year-on-year, respectively.
Key projects are progressing as planned. Mupani Mine development: is on track to achieve full-scale production of 3.6 million tonnes per annum by FY2029.
Smelter expansion and SO₂ abatement: implementation continues as planned.
The 45MW Phase 2A solar project: is progressing as planned, with completion expected in H1 FY2027.
Tailings storage facility (TSF) expansion: Phase 2 is progressing well, securing concentrator operations through to FY2049.
SMC Base Metal Refinery refurbishment: cumulative spend of US$36 million against a budget of US$190 million.
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