Precious Metals
Posted By OrePulse
Published: 29 Aug, 2025 07:33
South Africa's Northam Platinum posts drop in profit on higher costs
South Africa's Northam Platinum (NPHJ.J), opens new tab reported a 14.4% drop in annual profit on Friday, driven by a surge in mining costs, despite record sales volumes.
Northam's headline earnings per share stood at 3.81 rand ($0.2169) in the year ended June 30, compared with year-ago 4.45 rand.
The miner declared a final dividend of 2 rand per share, bringing the total for the year to 2.15 rand.
Northam's total refined platinum group metal sales exceeded a million ounces for the first time ever, but cash costs jumped 8.1%, eating into the company's higher revenue.
($1 = 17.5632 rand)
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