Mining News

Higher basket price, sales volumes to lift Implats’ full-year earnings

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JSE-listed platinum group metals (PGMs) producer Impala Platinum (Implats) reports that a significant increase in the dollar basket price for PGMs, together with higher sales volumes of platinum, palladium, ruthenium, rhodium, iridium and gold (6E), resulted in higher revenue and improved profitability for financial year ended June 30. Consequently, Implats is expecting headline earnings and headline earnings a share for the period to increase by at least 20%, from the R16-billion and R20.75 reported for the year ended June 30, 2020, to at least R19.2-billion and R24.90, respectively.

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