Edition:
India

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. 

Company Quote

10794.0
-75.0 -0.69%
7:42pm IST