Implats expects earnings to plunge by about 80%
The update follows one released in January, when the PGM producer warned it expected earnings to be at least 20% lower
Low metals prices and impairments could result in a significant drop in earnings for platinum group metals (PGMs) producer Impala Platinum (Implats).
In a production update in January, the miner said it expected headline earnings for the six months to end-December to be “at least 20% lower” than the previous year...
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