Headline earnings per share are expected to fall by between 15% and 25%, the group said in a brief trading update, though a 16.8% average depreciation in the rand versus the dollar has helped offset its production fall.
The miner, valued at R6.5 billion on the JSE, generated about $75.6 million in this profit measure in its 2022. In May, however, it announced a cut to its 2023 guidance to 175 000 ounces, an almost 15% fall from the upper end of its previous range of between 195 000 and 205 000 ounces.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
The company also experienced a fatality at Evander at as a result of a fall of ground in March, which brought an end to a period of one million fatality-free shifts. The group's shares were down more than 3% in morning trade on Friday, and have lost a similar amount for the year to date.We live in a world where facts and fiction get blurred
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