The Zimplats Holdings Ltd (ASX: ZIM) share price is in focus after releasing its quarterly update for the period ended 30 September 2026. Investors learned that Zimplats recorded no lost-time injuries and saw lower mined and milled volumes compared to the previous quarter, while operating cash costs per 6E ounce decreased slightly.
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What did Zimplats report?
- No lost-time injuries recorded during the quarter
- Mined volumes: 2,004,000 tonnes, down 5% from last quarter and 1% year-on-year
- Milled volumes: 2,016,000 tonnes, down 4% from last quarter, up 2% year-on-year
- 6E metal in concentrate: 164,129 ounces, down 5% from last quarter, up 3% year-on-year
- Operating cash cost per 6E ounce: US$1,119, down 1% from last quarter, up 5% year-on-year
- Total operating costs: US$173.7 million, down 16% from last quarter, up 7% year-on-year
What else do investors need to know?
Planned furnace ring maintenance commenced on 1 September 2026, resulting in a temporary reduction in metal output as concentrate was stockpiled for future smelting. Zimplats continues to invest in major projects, with the Mupani Mine upgrade and smelter expansion both progressing in line with schedules and budgets.
The company also advanced its 45MW solar project, with commissioning set to increase total solar generation to 80MW. Exploration activity continued, aimed at converting resources to reserves and improving geological understanding.
What's next for Zimplats?
Investors can expect the concentrate inventory built up during the furnace maintenance to be processed once operations resume, supporting metal output in future periods. The company remains focused on delivering its project pipeline, including further mine expansion, sustainability initiatives, and solar energy rollout, all intended to underpin long-term operational resilience.
Zimplats share price snapshot
Over the past 12 months, Zimplats shares have declined 25%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 2% over the same period.
