Northam generates record annual financial results
The group misses out on record production, but steady output reaps the benefit of sharply higher PGM prices
12 August 2020 - 09:17
Northam Platinum will deliver record annual financial results despite losing a significant amount of platinum group metals (PGMs) in the lockdown of the SA economy for the last quarter of its year.
Northam, which is growing production aggressively at a number of projects, said on Wednesday that it had generated record sales revenue, operating profit and earnings before interest, tax, depreciation and amortisation (ebitda) for the year to end-June. It will report results on August 28...
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