Northam flags returns to shareholders after record financials
After spending R5.6bn buying Zambezi shares, the PGM miner raises the prospect of alternative returns to shareholders
Northam Platinum is considering options to reward shareholders after reporting record annual financial results despite missing all-time high production because of the severe impact of SA’s Covid-19 lockdown.
Northam lost 108,685oz of platinum, palladium, rhodium and gold production during its 2020 financial year to end-June to the lockdown ordered by the government at the end of March. Mining was one of the few sectors allowed a gradual return to full production from June...