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
28 August 2020 - 10:32
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...
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