Implats expects considerably lower earnings owing to dollar metal price, logistics

JSE-listed Impala Platinum expects its headline earnings for the year ended June 30 to decrease by between 38% and 44% year-on-year to between R18-billion and R20-billion and its headline earnings a share to decrease by between 39% and 45% to between R21.17 and R23.52.

Implats says earnings for the period decreased primarily owing to lower revenue arising from an 18% lower achieved dollar metal price, partially offset by a 16% weaker rand. Cash costs continued to be negatively impacted by higher inflation and the impact of the weaker rand on the translated costs of Zimplats and Impala Canada.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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PGM producer Northam expects FY basic earnings to fall 70% - 80%; notes ‘volatile' metal marketsA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
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