Gauteng Refinery is part of a group of companies which has been active for over 34 years in precious metals beneficiation throughout Africa. It is in the business of recovering and refining gold and silver, as well as the platinum group metals : platinum, palladium, rhodium, ruthenium, iridium and osmium.
Importantly, the company said that its adjusted EBITDA increased by 16% from the previous quarter to R350.8 million primarily due to a 5% increase in gold sold and a 2% increase in the average Rand gold price received.
In 2015, The core business was focused on refining gold and silver, and the six platinum group metals ie. platinum, palladium, rhodium, ruthenium, osmium and iridium. As part of a group of companies in the Precious Metals Chain for the past 31 years, Gauteng Refinery is well positioned to maximize growth within the current challenges and ...
According to GlobalData, South Africas gold production fell by an estimated 10.4% in 2020 over the previous year, primarily due to the impact of the COVID 19 pandemic, which led to strict lockdown measures across the country and caused significant disruption on mining operations.