JOHANNESBURG (miningweekly.com) – JSE-listed Wescoal expects its earnings a share for the six months ended September 30 to be between 24.1c and 28.9c apiece, a 350% year-on-year improvement.
Headline earnings a share are also expected to improve to 23.2c and 27.8c apiece, up from 5.1c a share in 2015.
The improvements come on the back of strong sales at its flagship Elandspruit mine, as well as operational efficiencies.
The company’s financial results are expected to be released on or about November 1.