Impala Platinum sees earnings soar over 300%
February 10, 2021
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South Africa’s Impala Platinum Holdings on Tuesday said it expected half-year headline earnings to increase more than fourfold, buoyed by higher metals prices and a weaker rand during the pandemic.
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The platinum miner also said refined six-element platinum-group production for the six months ended Dec. 31, 2020, was expected to increase by 29% to 1.694 million ounces, helped by the inclusion of production from its Canadian unit.
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Headline earnings per share are expected between 1,812 US cents and 1,899 US cents, compared with 436 US cents per share reported a year earlier, the miner said.
Reuters