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Zimplats Holdings Limited (ASX:ZIM)

ALERT: Price-sensitive ASX Announcement for ZIM
Current share price for ZIM : $13.270 -4.16 (-23.87%)+
Announcement
Release
29 Apr 2026 8:18AM
Price at Release
$17.430
Full Release
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Summary
The Zimplats Quarterly Report for the period ended 31 March 2026 details a moderate decline in operating costs by 2% from the previous quarter, despite a 22% year-on-year increase driven by elevated open pit production and export commissions. The operating cash cost per 6E ounce rose by 29% due to reduced metal production, which was affected by maintenance activities. Milled volumes decreased by 6% quarter-on-quarter, while final metal production saw a steep decline of 56%. Major projects such as the Mupani Mine and smelter expansions are progressing, with significant investments in solar energy and tailings storage facilities aimed at securing future operations.
Key Points
  • Total operating costs declined by 2% from the prior quarter.
  • Costs increased by 22% year-on-year due to higher open pit production and increased export commissions.
  • Operating cash costs per 6E ounce increased by 29% from the prior quarter.
  • Milled volumes declined by 6% from the prior quarter.
  • Final metal production decreased by 56% due to smelter maintenance.
  • Mupani Mine development is on track for full-scale production by FY2029.
  • Smelter expansion and SO2 abatement project expenditure reached US$468 million.
  • A 45MW solar project is progressing for completion in H1 FY2027.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.