Precious Metals
Posted By OrePulse
Published: 04 Sep, 2026 10:43
African Rainbow Minerals profit up 19% on higher platinum prices
African Rainbow Minerals (ARM) ARIJ.J posted on Friday a 19% increase in annual profit, as strong platinum group metal prices offset the impact of lower income from its coal, iron ore and manganese divisions.
The diversified South African miner's headline earnings came in at 3.201 billion rand ($200.31 million) in the year ended June 30, compared with 2.695 billion rand previously.
ARM said it will pay a final dividend of 7 rand per share, up from a payout of 6 rand per share last year.
($1 = 15.9803 rand)
(Reporting by Nelson Banya; Editing by Muralikumar Anantharaman)
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