Northam misses full potential as Covid crimps interim sales
PGM miner accelerates maturity of its Zambezi preference share empowerment structure by four years as profits soar
19 March 2021 - 10:13
UPDATED 22 March 2021 - 14:22
Platinum group metals (PGM) producer Northam Platinum is accelerating the maturity of its empowerment transaction as a set of record interim results based on higher metal prices offset difficulties in selling its production.
Northam, which has set a production target of 1-million ounces of platinum, palladium, rhodium and gold, did not convert its 15% increase in output during the six months to end-December into higher sales because of difficulties in moving metal to its precious metal refiner Heraeus in Germany...
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