Edition:
India

Impala Platinum Holdings Ltd (IMPJ.J)

IMPJ.J on Johannesburg Stock Exchange

2,172.00ZAc
19 Jun 2018
Change (% chg)

-30.00 (-1.36%)
Prev Close
2,202.00
Open
2,298.00
Day's High
2,298.00
Day's Low
2,123.00
Volume
2,375,930
Avg. Vol
3,426,950
52-wk High
4,799.00
52-wk Low
1,784.00

Latest Key Developments (Source: Significant Developments)

Impala Platinum Says HY Headline Loss Per Share Of 21 Cents
Thursday, 1 Mar 2018 

March 1 (Reuters) - Impala Platinum Holdings Ltd ::‍HY HEADLINE LOSS PER SHARE OF 21 CENTS: AN IMPROVEMENT OF 70.4%​.‍GROSS CASH AT END OF SIX MONTH PERIOD AMOUNTED TO R4.2 BILLION​.HY ‍PROFIT BEFORE TAX OF R193 MILLION, COMPARED TO A PRE-TAX LOSS IN PRIOR PERIOD OF R238 MILLION​.‍OVER HY, RAND REVENUE PER PLATINUM OUNCE SOLD WAS 4.2% HIGHER AND AVERAGED R25 968 PER OUNCE​.HY ‍REVENUE, AT R17.3 BILLION FOR HALF-YEAR ENDED 31 DECEMBER 2017, WAS R1.2 BILLION OR 6.5% LOWER THAN COMPARATIVE SIX MONTHS​.‍STRATEGIC REVIEW UNDERWAY AT IMPALA TO ASSESS OPTIMAL FUTURE POSITIONING​.‍STRATEGIC REVIEW UNDERWAY AT IMPALA.STRATEGIC ‍REVIEW INCLUDES SPECIFIC FOCUS ON OPTIMISING COST BASE, WHICH MAY LEAD TO FURTHER RESPONSES, SUCH AS HARVESTING AND/OR CLOSING CERTAIN SHAFTS​.ON STRATEGIC REVIEW, ‍ESTIMATED OPERATION WILL IMPROVE CASH FLOW BY MORE THAN R1 BILLION OVER NEXT TWO YEARS​.2018 ‍PRODUCTION OUTLOOK TO BE NEGATIVELY IMPACTED BY BOTH EARLY CLOSURE, HARVESTING OF SOME SHAFTS, SLOWER RAMP UP OF 20 SHAFT​.‍FULL-YEAR PRODUCTION GUIDANCE REDUCED FROM ABOUT 700 000 PLATINUM OUNCES TO BETWEEN 650 000 AND 670 000 PLATINUM OUNCES.‍SEES FY OPERATING COST IS EXPECTED TO BE BETWEEN R23 600 AND R24 200 PER PLATINUM​.‍FULL-YEAR REFINED PRODUCTION FOR GROUP IS ESTIMATED AT 1.5 MILLION PLATINUM OUNCES​.  Full Article

Impala says group CFO ‍Brenda Berlin has resigned; effective Feb.28
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Impala Platinum Holdings Ltd ::IMPALA PLATINUM HOLDINGS - ‍BRENDA BERLIN HAS RESIGNED AS GROUP CHIEF FINANCIAL OFFICER AND AS EXECUTIVE DIRECTOR OF IMPLATS, WITH EFFECT FROM 28 FEBRUARY 2018​.‍MARK MUNROE HAS ASSUMED ROLE OF HEAD OF OPERATIONS AT IMPALA RUSTENBURG​.  Full Article

Impala Platinum produces ‍341​ koz of platinum in Q1, sees 1.51-1.56 mln oz in 2018​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Impala Platinum Holdings Ltd :Q1 PLATINUM PRODUCTION ‍341​ KOZ VERSUS 365 KOZ YEAR AGO.Q1 PALLADIUM PRODUCTION ‍189​ KOZ VERSUS 223 KOZ YEAR AGO.‍Q1 TONNES MILLED INCREASED BY 9.6% TO 6 741 000 TONNES, COMPARED TO 6 149 000 TONNES​ LAST YEAR.‍SAFETY REMAINS AN ISSUE AT IMPALA RUSTENBURG AND MARULA​.‍GROSS REFINED PLATINUM PRODUCTION FOR GROUP IS NOW EXPECTED TO BE BETWEEN 1.51 AND 1.56 MILLION OUNCES OF PLATINUM IN 2018​.  Full Article

Impala Platinum makes investment to advance development of Waterberg PGE project
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Platinum Group Metals Ltd : :Impala Platinum makes strategic investment to advance development of the Waterberg PGE project.Platinum Group Metals Ltd says ‍immediately purchase 15.0 percent interest in Waterberg project for US$30.0 million​.Platinum Group Metals Ltd - ‍ Impala Platinum Holdings entered deals with co, the Japan Oil, Gas and Metals National Corporation, among others.Platinum Group Metals Ltd - co to retain 31.96% direct & indirect interest in Waterberg project if implats were to exercise its full option​.Platinum Group Metals Ltd - ‍JOGMEC will retain certain metal marketing rights to final metal related to Waterberg project​.Platinum Group Metals Ltd - ‍initial purchase does not effect change of control of Waterberg project​.Platinum Group-‍implats to have option to up stake in Waterberg project​ to 50.01% with additional purchases,earn-in arrangements totaling US$166 million.  Full Article

Impala Platinum ‍enters agreements with PTM and JOGMEC​
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Impala Platinum Holdings Ltd ::IMPALA PLATINUM - ‍ENTERED DEFINITIVE AGREEMENTS WITH PLATINUM GROUP METALS, JAPAN OIL, GAS AND METALS NATIONAL CORPORATION, MNOMBO WETHU CONSULTANTS​.IMPALA PLATINUM HOLDINGS LTD - ‍WILL PAY US$30 MILLION IN CASH TO ACQUIRE A 15% SHAREHOLDING IN PROJECT FROM PTM AND JOGMEC​.IMPALA PLATINUM - DEAL ‍TO ACQUIRE MINORITY INTEREST IN WATERBERG, WITH OPTION TO ACQUIRE MAJORITY OWNERSHIP OF PROJECT.  Full Article

Impala Platinum says full-year HEPS down 67 pct
Thursday, 1 Sep 2016 

Impala Platinum Holdings Ltd : Summarised consolidated annual results for the period ended 30 june 2016 . Platinum and palladium markets will remain in fundamental deficit during 2016 . Demand growth combined with faltering supply will drive higher pgm basket prices in medium term . Gross refined platinum 13 pct higher at 1.44 million ounces in period ended 30 June . Headline earnings per share decreased by 67 pct to 12 cents . No dividend declared for year . In short term, pgm prices are expected to remain subdued . Production estimate for Impala is between 700 000 and 710 000 platinum ounces for 2017, after which previous guidance of building up to 830 000 platinum ounces by 2020 remains .Production guidance for other operations remains unchanged for coming year.  Full Article

Impala Platinum sees FY HEPS between 56-75 pct lower
Monday, 22 Aug 2016 

Impala Platinum Holdings Ltd : Sees HEPS for year ended June 30 2016 between 9 -16 cents, between 56 and 75 pct lower . Sees FY basic loss per share is expected to be between 7 and 12 cents (June 2015: loss of 603 cents) . Says difference between HEPS and basic loss per share for year to June 2016 is primarily due to impairment of 12 mechanised shaft .Main reason for decrease in FY HEPS is lower rand metal prices.  Full Article

Impala Platinum says debt facilities increased
Tuesday, 19 Jul 2016 

Impala Platinum Holdings Ltd : Amended existing debt facilities to a revised quantum of 4.0 bln rand available until 2021 . Implats procures increase and extension of existing bank facilities . Production guidance for Implats group remains unchanged .Expected that group will be well positioned in terms of cash generation.  Full Article

PRECIOUS-Gold prices gain as U.S.-China trade spat stokes safe-haven buying

* 'Risk-off' sentiment sends Asian shares to over 6-month low * Spot gold may bounce to resistance at $1,290/oz -technicals * Platinum hits 6-month low (Adds comment, detail; updates prices) By Apeksha Nair BENGALURU, June 19 Gold prices rose on Tuesday, supported by safe-haven buying as an escalating trade spat between the United States and China sparked a sell-off in equity markets. Spot gold was up 0.2 percent at $1,280.29 an ounce by 0640 GMT.