Impala Platinum sees earnings soar over 300%

Image courtesy of Impala Platinum

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.

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.

(By Indranil Sarkar; Editing by Devika Syamnath)

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