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Friday, 28th January 2005 (4809 views)

Zimbabwe Platinum Mines (Zimplats) has revealed positive metal sales and increased revenues today. <br/><br/>The platinum miner said it has sold 2,286 ounces of gold in its fourth quarter.<br/><br/>Revenues hit $28.33 million, as a rise of nearly ten per cent bettered the previous quarter's $25.78 million figure, according to Dow Jones.<br/><br/>However, Mr Rumble once again underlined the problems of the strong rand which have plagued the industry in recent months.<br/><br/>He said the currency changes had had a significant impact on Implats' earnings, but added that the firm was seeking ways of making itself more resilient to the issue.<br/> <br/>Net operating costs increased significantly to $24.28 million from $19.57 million in the latest quarterly figures, resulting in a loss of 50 per cent in net profits.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7667654"/>

 

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