Additionally, there have been increased operational and maintenance costs, primarily driven by higher volumes of overburden.
The share price closed 3.73% weaker at R150.98 on Friday, compared to R155 a year ago.
The company’s CEO, Nombasa Tsengwa, resigned last month ahead of a disciplinary process and an investigation into her conduct. She had been placed on precautionary suspension in December pending the outcome of an independent investigation regarding her workplace conduct and governance practices, claims that she had denied, as cited in other reports.
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
