AGPPF - Anglo Platinum: PGM Prices Act As Tailwinds
Thesis
In this article, I have analyzed the operational performance of Anglo Platinum (AGPPF) during Q1 2019. I have also considered the production guidance for full-year 2019 together with the company's mining potential, to evaluate its fundamental strength. AGPPF is the world's largest producer of PGMs (read: Platinum Group Metals) and the recent recovery in PGM prices provides an opportunity for share price growth.
Figure-1 (Source: Anglo American)
Performance Review
During Q1 2019, AGPPF's production of PGMs stood at ~999 Koz (read: a thousand ounces). Figure-2 shows the quarterly production profile for