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.