LONDON (dpa-AFX) - Lonmin Plc (LNMIF.PK, LMI.L) reported that 2.6 million total tonnes mined during the third quarter, decreased by 3.1% year on year, partly reflecting a planned reduction from the Generation 1 shafts, arising from the closure of some Generation 1 shafts, in line with the Group's strategy to reduce high cost production.
PGM sales increased by 2.0% to 352,128 ounces for the quarter and Platinum sales of 176,121 decreased by 2.3%. The company maintained its full-year sales guidance of 650,000 to 680,000 Platinum ounces.
Net cash improved to $23 million at 30 June, up from $17 million at the end of the second quarter.
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