Impala Platinum expects FY2022 earnings to fall, flags several operational challenges

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

The company said that gross refined volumes were impacted by lower concentrate production and the extended maintenance required on the Number 3 Furnace at Impala Rustenburg. Importantly, Implats reported that its basic earnings for the period are expected to decrease by between 29% and 35% to be between R30.5 billion and R33.5 billion and EPS for the period is expected to decrease by between 33% and 39% to be between 3 669 cents and 4 030 cents per share.

Implats added that earnings in the period were adversely impacted by the combination of lower sales revenue and inflationary pressures on operating costs.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Fields expects up to 33% growth in half-year headline earnings on higher production and gold priceGold Fields expects up to 33% growth in half-year headline earnings on higher production and gold price kitconews gold silver economics finance mining investing metals
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

The stock market will correct by 30% more; Expect ‘bad earnings’ to dampen the rally – Ted Oakley
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »