Zimplats: PGM Production, Mines and Output

Zimplats Holdings Limited, majority owned by Impala Platinum, reported 660,400 ounces of 6E platinum-group-metal output in concentrate for FY2026, the year ended 30 June 2026, from five underground mines and one opencast operation on Zimbabwe's Great Dyke. Who owns Zimplats, how that output breaks down by mine and metal, and where its concentrate goes for refining follow below, each figure dated and sourced.

What Is Zimplats?#

Zimplats Holdings Limited is an Australian-listed platinum-group-metal producer, majority owned by Impala Platinum, that reported 660,400 oz of 6E metal-in-concentrate for FY2026, a basket of platinum, palladium, rhodium, ruthenium, iridium and gold, according to Implats' FY2026 production update. In matte terms, after smelting losses at its own processing plant, the same year's output came to 606,300 oz 6E. Zimplats' mines and its own smelter sit on the Great Dyke southwest of Harare, and its concentrate feeds into the wider platinum group metals market alongside output from Implats' other operations.

Ownership and Corporate Structure#

Zimplats is 87% owned by Impala Platinum Holdings Limited (Implats), and the remaining shares trade publicly on the ASX under Zimplats' own ticker, ZIM. Implats consolidates Zimplats' production within its own group figures, reported alongside its other operations on Impala Platinum's own production page, and no single holder of the remaining public float is identified in DailyPlatinum's facts ledger.

Zimplats's PGM Output by Mine and Metal#

Zimplats reported 660,400 oz of 6E platinum-group-metal output in concentrate for FY2026, up 5% on FY2025, with 606,300 oz in matte terms after smelting losses, according to Implats' FY2026 production update. The table below breaks out Zimplats' most recent disclosed half-year results, for the six months to 31 December 2025 (H1 FY2026), the finest metal-level detail the company reports directly, against the year-earlier period.

Implats' FY2026 group update lifts the full-year figure to 660,400 oz 6E in concentrate and 606,300 oz in matte, a 5% increase on FY2025 that folds the H1 half-year above into the full twelve months to 30 June 2026.

Mines and Operations#

Zimplats operates 5 named underground mines plus one opencast operation, concentrated on the Ngezi complex on Zimbabwe's Great Dyke, alongside its own Selous Metallurgical Complex smelter and base metals refinery.

Zimplats also runs one opencast mine alongside its five underground portals, with average mining depth of 240 m across the operation and 7,679 employees on its latest disclosed headcount. The company has spent US$360m of a US$386m budget bringing Mupani to its planned 3.6 Mtpa capacity, and it commissioned a 35 MW solar plant, with a further 45 MW phase approved, to reduce its reliance on Zimbabwe's national grid.

PGM Refining and Accreditation#

Zimplats' concentrate is refined under a life-of-mine toll agreement by Impala Refining Services at Springs, South Africa, since Zimplats holds no precious metals refinery of its own. Its own Selous Metallurgical Complex smelts ore into matte and runs a base metals refinery that has been under refurbishment since about 1999, so platinum, palladium and the minor metals iridium and ruthenium are all separated at Implats' Springs plant, whose refining operations carry LPPM Good Delivery status under the brand name Impala Platinum Limited.

Co-Product Economics#

Nickel is Zimplats' principal co-product: production reached 3,068 tonnes in H1 FY2026, up 16% year on year, alongside its platinum-group-metal output, though its specific share of the mine's revenue is not stated in the facts ledger.

Recent Corporate Events#

Zimplats' profit after tax rose 3,376% to US$143.7m in H1 FY2026, from US$4.1m a year earlier, on revenue up 83% to US$641.8m, Mining Zimbabwe reported, citing PGM price recovery and stronger output. Gross revenue per 6E ounce reached US$2,080 in the same period, up 66% on the US$1,252 realised in H1 FY2025, and cash and equivalents stood at US$145.7m at period end, up from US$99.3m at the start of the financial year.

Where Zimplats Fits in the PGM Market#

On a 6E-ounce basis, Zimplats, within Implats, ranks sixth among the ten PGM producers DailyPlatinum tracks, behind Impala Platinum, Valterra Platinum, Nornickel, Sibanye-Stillwater and Northam Platinum, and ahead of ARM, Tharisa, Glencore and Ivanhoe's Platreef project. Its 660,400 oz of 6E metal-in-concentrate for FY2026 sits inside Implats' own group total rather than adding to it, and none of the bases behind this ranking can be summed into one global figure. DailyPlatinum tracks Zimplats among the largest platinum producers it profiles, and takes no position on whether Zimplats or Implats shares are worth buying or holding.

Other PGM Producers#

DailyPlatinum covers 2 other major PGM producers with different ownership models for comparison against Zimplats.

• It profiles Valterra Platinum, a wholly independent, LPPM-accredited South African and Zimbabwean producer that reported 3,200.6 koz of PGM (5E+Au) for FY2025.
• It also covers Sibanye-Stillwater, which reports separately on 2E, 3E and 4E bases across its South African and US operations.

Zimplats FAQ#

Who owns Zimplats?#

Zimplats Holdings Limited is 87% owned by Impala Platinum Holdings Limited (Implats), and the remaining shares trade publicly on the ASX under ticker ZIM.

Where is Zimplats located?#

Zimplats' mines and its Selous Metallurgical Complex sit on the Great Dyke in Zimbabwe, southwest of the capital, Harare.

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