Northam Platinum profit surges on record output
Northam Platinum reported a nearly eightfold increase in annual profit driven by record production and higher metal prices. The miner declared a record final dividend of 10 rand a share alongside higher output.
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Northam Platinum Holdings Ltd posted a nearly eightfold jump in annual profit on Friday morning, driven by record output and higher metal prices, to deliver a record payout. Headline earnings reached 30.44 rand per share for the fiscal year ending June 30. The results cap a period of operational expansion for the South Africa-based miner.
