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Financial|Platinum
Financial|Platinum
financial|platinum

Production growth, improved prices buoy Northam’s full-year earnings

16th August 2021

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

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Platinum group metals (PGMs) miner Northam Platinum expects its basic earnings a share for the financial year ended June 30, to be between 327.5% and 337.5% higher year-on-year at between R26.50 and R27.12.

The miner’s 2021 financial year performance was underpinned by its production growth and an increase in PGM prices, the company said in a trading statement on August 16.

Northam’s headline earnings a share are forecast to be between 328.9% and 338.9% more than in the previous period, at between R26.56 and R27.18.

Northam expects its normalised headline earnings a share to be between 210.2% and 220.2% higher year-on-year at between R20.98 and R21.65.

Northam’s audited financial results will be published on about September 30.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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