Edition:
India

Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

7,720.00ZAc
17 Sep 2019
Change (% chg)

83.00 (+1.09%)
Prev Close
7,637.00
Open
7,551.00
Day's High
7,806.00
Day's Low
7,551.00
Volume
806,403
Avg. Vol
783,366
52-wk High
8,022.00
52-wk Low
3,541.00

Latest Key Developments (Source: Significant Developments)

Northam Platinum Completes Private Placement Of R500 Mln Domestic Medium Term Notes
Monday, 9 Sep 2019 

Sept 9 (Reuters) - Northam Platinum Ltd ::COMPLETED PRIVATE PLACEMENT OF DOMESTIC MEDIUM TERM NOTES TO VALUE OF R500 MILLION UNDER R5 BILLION DOMESTIC MEDIUM TERM NOTE PROGRAMME.FOLLOWING PLACEMENT OF NEW NOTES, TOTAL NOTIONAL VALUE OF NOTES IN ISSUE UNDER PROGRAMME WILL AMOUNT TO R2,325 BILLION.  Full Article

Northam Platinum Posts FY Normalised Headline Earnings Of 270.1 Cents Per Share
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Northam Platinum Ltd ::ABRIDGED AUDITED GROUP ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019 AND NOTICE OF ANNUAL GENERAL MEETING.FY NORMALISED HEADLINE EARNINGS OF 270.1 CENTS PER SHARE, UP 226.6%.FY SALES REVENUE R10.6 BILLION VERSUS R7.6 BILLION.ACHIEVED A RECORD PRODUCTION FROM OWN OPERATIONS AMOUNTING TO 519 954 OZ 4E IN FY.FY HEADLINE EARNINGS PER SHARE 15.8 CENTS.FY EARNINGS PER SHARE 17.2 CENTS.FY NET DEBT OF R3 BILLION.RESOLVED NOT TO DECLARE A DIVIDEND FOR FINANCIAL YEAR ENDED 30 JUNE.FY PRODUCTION FROM OWN OPERATIONS AMOUNTING TO 519 954 OZ 4E VERSUS 483 941 OZ 4E LAST YEAR.  Full Article

Northam Refinances Its Five-Year R3.5 Bln RCF And Increases Its DMTN Programme Limit
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - NORTHAM REFINANCES ITS FIVE-YEAR R3.5 BILLION RCF AND INCREASES ITS R2 BILLION DMTN PROGRAMME LIMIT TO R5 BILLION.NORTHAM PLATINUM - INTEREST RATE ON NORTHAM'S R500 MILLION GENERAL BANKING FACILITY WILL REDUCE FROM PRIME LESS 1.5% TO PRIME LESS 1.75%.NORTHAM PLATINUM LTD - LOWER INTEREST RATE ON RCF AND GBF WILL REDUCE NORTHAM'S WEIGHTED AVERAGE COST OF DEBT..NORTHAM PLATINUM - CONCLUDED DEFINITIVE AGREEMENTS AS EXISTING 5 YEAR R3.5 BILLION REVOLVING CREDIT FACILITY WILL BE REFINANCED ON MORE FAVOURABLE TERMS.NORTHAM PLATINUM LTD - MATURITY DATE OF CREDIT FACILITY WILL BE EXTENDED FROM NOVEMBER 2021 TO AUGUST 2024.NORTHAM PLATINUM LTD - INCREASE WILL PROVIDE NORTHAM WITH INCREASED FUNDING FLEXIBILITY..NORTHAM PLATINUM - BOARD APPROVED INCREASE IN LIMIT STIPULATED IN CO'S DOMESTIC MEDIUM TERM NOTE PROGRAMME DATED 3 AUGUST 2012, FROM R2 BILLION TO R5 BILLION.  Full Article

Northam Platinum Sees FY HEPS Of 14.8 - 16.8 Cents
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - TRADING STATEMENT.NORTHAM PLATINUM - EXPECTS TO ACHIEVE A RECORD OPERATING PROFIT FOR FINANCIAL YEAR ENDED 30 JUNE 2019.NORTHAM PLATINUM - EXPECTS NORMALISED HEADLINE EARNINGS TO BE IN EXCESS OF R1.3 BILLION FOR FY.NORTHAM PLATINUM LTD - FY SALES VOLUMES INCREASED BY 23.3% TO 583 069 4E OZ..NORTHAM PLATINUM - FY PRODUCTION FROM OWN OPERATIONS AMOUNTING TO 519 954 4E OZ, REPRESENTING A 7.4% INCREASE FROM F2018.NORTHAM PLATINUM - FY REVENUE 10.6 BILLION RAND VERSUS 7.6 BILLION RAND.NORTHAM PLATINUM - SEES FY HEPS OF 14.8 - 16.8 CENTS.  Full Article

Northam Approves Kukama Project At Eland Mine
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - NORTHAM APPROVES KUKAMA PROJECT AT ELAND MINE.NORTHAM PLATINUM LTD - MINING OPERATIONS AT KUKAMA SHAFT SITUATED AT ITS ELAND MINE COMPLEX WILL RECOMMENCE IN NEW FINANCIAL YEAR.NORTHAM PLATINUM LTD - CONVERSION OF KUKAMA DECLINE SHAFT INTO A FOOTWALL ARRAY WILL START IN F2020, ALONG WITH LIMITED EARLY STOPING.NORTHAM - PRODUCTION AT KUKAMA FORECAST TO REACH 100 KOZ PA 4E BY 2025 AND STEADY STATE PRODUCTION OF 150 KOZ PA 4E IS FORECAST FROM 2029.NORTHAM - TOTAL DEVELOPMENTAL CAPITAL EXPENDITURE AT KUKAMA PROJECT ESTIMATED AT R2.2 BILLION OVER A FIVE YEAR PERIOD.  Full Article

Northam Platinum Secures R1 Billion Of Additional Funding Facilities
Friday, 31 May 2019 

May 31 (Reuters) - Northam Platinum Ltd ::NORTHAM SECURES R1 BILLION OF ADDITIONAL FUNDING FACILITIES.HAS INCREASED ITS EXISTING REVOLVING CREDIT FACILITIES BY R500 MILLION, FROM R3 BILLION TO R3.5 BILLION.MATURITY DATE OF NORTHAM'S EXISTING R1 BILLION RCF HAS BEEN EXTENDED TO MATCH THAT OF ITS EXISTING R2 BILLION RCF.FUNDING FLEXIBILITY TO ENABLE FURTHER RETURN VALUE TO SHAREHOLDERS THROUGH SHARE BUYBACK &/OR PURCHASE OF ZAMBEZI PREFERENCE SHARES.  Full Article

Northam Platinum Says HY Profit Before Tax 175.7 Mln Rand
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Northam Platinum Ltd ::HY SALES REVENUE 4.98 BILLION RAND VERSUS 3.35 BILLION RAND.HY PROFIT BEFORE TAX 175.7 MILLION RAND VERSUS LOSS 151 MILLION RAND.HY NORMALISED EARNINGS PER SHARE OF 108.5 CENTS.HY NORMALISED HEADLINE EARNINGS INCREASED BY 192.6% TO R553.3 MILLION.GLOBAL ECONOMIC OUTLOOK REMAINS UNCERTAIN RESULTING IN VOLATILE METAL MARKETS AND EXCHANGE RATES.GROUP'S FINANCIAL PERFORMANCE WILL DEPEND ON ACHIEVING HIGHER METAL SALES PRICES AND A STABLE OPERATING PERFORMANCE.  Full Article

South Africa's NUM Signs 3-Year Wage Agreement With Northam Platinum
Monday, 1 Oct 2018 

Oct 2 (Reuters) - SOUTH AFRICA'S NUM::SOUTH AFRICA'S NUM SIGNED A THREE-YEAR WAGE AGREEMENT WITH NORTHAM PLATINUM.SA'S NUM- BASIC MONTHLY MINIMUM RATE OF THE EMPLOYEES IN BARGAINING UNIT TO INCREASE 7 PERCENT EVERY YEAR FOR 3 YEARS UNTIL 2020.  Full Article

Northam Platinum FY Equivalent Refined 6E Production Up 4.5 Pct
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Northam Platinum Ltd ::GROUP PRODUCED 571 843 OZ OF EQUIVALENT REFINED 6E IN FY (F2017: 546 984 OZ), UP 4.5% FROM COMPARATIVE PRIOR PERIOD.SEES FY LOSS AND HEADLINE LOSS PER SHARE BETWEEN 185.9 CENTS AND 216.0 CENTS.DUE TO MINING CAPACITY EXCEEDING PROCESSING CAPACITY BEFORE & DURING CURRENT FINANCIAL PERIOD, THERE HAS BEEN INVENTORY BUILD-UP.BULK OF EXCESS INVENTORY, ESTIMATED AT 170 000 OZ, EXPECTED TO BE PROCESSED THROUGH EXPANDED SMELTER COMPLEX IN F2019.VALUE OF EXCESS INVENTORY AT YEAR-END AMOUNTED TO R2.1 BILLION, WITH AN ESTIMATED SALES VALUE OF R2.5 BILLION.GROUP'S GROWTH, DIVERSIFICATION AND OPTIMISATION STRATEGY IS ON TRACK.FY TOTAL REVENUE PER PLATINUM OZ SOLD IS EXPECTED TO BE R26 103 (F2017: R25 050).ANTICIPATED FY LOSS, HEADLINE LOSS PER SHARE ATTRIBUTABLE TO ZAMBEZI PLATINUM LTD'S NON- CASH PREFERENCE SHARE DIVIDENDS.  Full Article

Northam Posts ‍HY Headline Loss Per Share Of 80.0 Cents
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Northam Platinum Ltd ::‍HY HEADLINE LOSS PER SHARE 80.0 CENTS VERSUS LOSS OF 64.7 CENTS ​.HY ‍SALES REVENUE 3.35 BILLION RAND VERSUS 3.46 BILLION RAND.‍HY GROUP OPERATING PROFIT DECREASED SLIGHTLY TO R338.8 MILLION AND NORMALISED HEADLINE EARNINGS OF R189.1 MILLION​.HY ‍TOTAL REVENUE PER PLATINUM OZ SOLD INCREASED BY 3.1% TO R26 516/OZ​.HY ‍COST OF SALES DROPPED BY 3.0% TO R3.0 BILLION​."‍AS INDUSTRIAL MARKET FOR PALLADIUM ALREADY IN ESTIMATED DEFICIT OF MORE THAN A MILLION OUNCES, A SIMILAR SHORTFALL IS EXPECTED IN 2018"​.‍FURTHER DROP IN PLATINUM AUTOCATALYST DEMAND IS IN PROSPECT IN 2018, BUT AT A SIMILAR LEVEL TO 2017​.‍MINE CLOSURES IN 2017 AND CONSTRAINED GROWTH IN RECYCLING SHOULD LEAD TO A FURTHER CONTRACTION IN SUPPLY OF PLATINUM​.‍STEADY INCREASE IN PLATINUM RECYCLING IS EXPECTED IN 2018​."‍SUPPORTS ALL INITIATIVES OF SA CHAMBER OF MINES​ TO FIND WAYS TO RESOLVE CURRENT MINING CHARTER III IMPASSE AND DECLARATORY ORDER".‍BOARD HAS RESOLVED NOT TO DECLARE AN INTERIM DIVIDEND FOR H1 2018​.  Full Article