Zimplats Holdings Ltd traded at 14.00 this Friday July 31st, increasing 0.51 or 3.78 percent since the previous trading session. Looking back, over the last four weeks, Zimplats Holdings gained 8.53 percent. Over the last 12 months, its price fell by 9.74 percent. Looking ahead, we forecast Zimplats Holdings Ltd to be priced at 13.70 by the end of this quarter and at 12.85 in one year, according to Trading Economics global macro models projections and analysts expectations.
Zimplats Holdings Limited is a Guernsey-based platinum mining company engaged in producing platinum group metals (PGM) and associated metals, such as nickel, gold, copper, cobalt and silver mined from the Great Dyke in Zimbabwe. The Company operates mines in Ngezi and has processing plants in Selous and Ngezi. The Company, through its subsidiary Zimbabwe Platinum Mines (Private) Limited, is engaged in exploiting the ore bodies located on the Great Dyke in Zimbabwe. It operates five underground mines which supply ore to three concentrator modules (two at Ngezi and the third one at Selous). It holds title to two mining leases namely Mining Lease Number 36 (ML36) which covers the Hartley area incorporating the Selous Metallurgical Complex (SMC) concentrating and smelting operations and Mining Lease Number 37 (ML37) covering the Ngezi mining and processing operations. It sells white matte, which consists of platinum, palladium, rhodium, iridium, ruthenium and associated metals.