Northam to report record profits on best-ever production, soaring PMG pricing
Numbers underpinned by a solid operating performance and a higher metal price
10 February 2020 - 18:54
Northam expects to report record operating profit for the second half of 2019 of between R2.9bn and R3.1bn, tripling from R1bn reported in the first half of 2019.
In a trading statement released on Monday, the platinum producer said the record profits for the six months to end-December 2019 were underpinned by a solid operating performance at all its operations and a higher platinum group metal (PMG) basket price received...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.