Northam reports record annual operating profit
Now that it is over its large capital-expenditure hump, the company has set its sights on reducing expensive exposure to Zambezi preference shares
23 August 2019 - 10:27
UPDATED 25 August 2019 - 19:04
Northam Platinum reported its highest operating profit as its growth strategy took root and the company benefited from higher palladium and rhodium prices.
Northam, which has two operating assets at Zondereinde, the world’s deepest platinum mine, and Booysendal, a shallow, highly mechanised mine, generated operating profit of R2.4bn for the year to end-June compared with R823m the year before...
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