Impala Platinum sees earnings soar over 300%

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.

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.