Northam expects 220% rise in full-year headline earnings

JSE-listed platinum group metals producer Northam Platinum expects to report a more than 220% year-on-year increase in its normalised headline earnings for the financial year ended June 30, to about R1.3-billion .

The company attributed the higher earnings to a solid operational performance from its Zondereinde and Booysendal mines, as well as to contained unit cash costs and a higher basket price.