Impala Platinum (Implats), the third-largest source of SA platinum group metals (PGMs), has flagged an at least R3.2bn rise in headline profits for its year to end-June, boosted by higher production and elevated precious metal prices.

Refined output of the six PGMs Implats produces rose 16.3% to 3.271-million ounces to end-June, while revenue ounce sold is expected to increase 58.8% to R39,478/oz. This  reflects high prices during the period, including records for palladium and rhodium, Implats said in a trading update on Wednesday...

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