Mining News

Merafe to post higher interim earnings

JSE-listed chrome miner Merafe Resources expects to report basic earnings per share (EPS) of between 34.7c and 39.3c for the six months ended June 30, which would be a 51% to 71% improvement on the basic EPS of 23c reported for the six months ended June 30, 2021.

The company says its financial performance for the period under review benefitted from higher chrome ore and ferrochrome prices, as well as a weaker average rand:dollar exchange rate.

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