Gold & Precious Metals
Platinum & Palladium (PGM) Miners
Largest Platinum and Palladium Miners
2025.
| # | Miner | Platinum (koz) | Palladium (koz) |
|---|---|---|---|
| 1 | Implats (Jun FY) | 1,603 | 1,137 |
| 2 | Valterra | 1,556 | 1,065 |
| 3 | Sibanye SA | 1,070 | 536 |
| 4 | Nornickel | 667 | 2,725 |
| 5 | Northam (Jun FY) | 564 | 275 |
| 6 | Sibanye US | 64 | 220 |
Platinum and Palladium Prices
PGM Producer Operating Margin
Latest fiscal year.
PGM Producer Margin Trend
Sibanye
30.2%
Valterra
22.5%
Impala
2.8%
Fiscal 2016 to 2025, one scale. Dashed line: zero.
PGM Mine Production by Country
2025, kilograms.
Sibanye: South Africa 4E Versus US 2E
PGM Unit Costs in Rand
Platinum Supply, Demand and Balance
Platinum Demand Mix, 2025
Platinum-group metals free cash flow
Operating cash flow minus capex.
-$5.5M
Platinum Group (PLG), FY2025