Edition:
United Kingdom

Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

4,175.00ZAc
21 Sep 2018
Change (% chg)

184.00 (+4.61%)
Prev Close
3,991.00
Open
4,090.00
Day's High
4,205.00
Day's Low
4,061.00
Volume
1,927,309
Avg. Vol
753,232
52-wk High
6,020.00
52-wk Low
3,165.00

Latest Key Developments (Source: Significant Developments)

Northam Platinum Posts FY Headline Loss Per Share 200.5 Cents
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Northam Platinum Ltd ::FY SALES REVENUE 7.55 BILLION RAND VERSUS 6.87 BILLION RAND.FY NORMALISED HEADLINE EARNINGS 5.8 PCT HIGHER AT R421.5 MILLION.FY HEADLINE LOSS PER SHARE 200.5 CENTS.FY EQUIVALENT REFINED METAL PRODUCTION FROM ITS OWN OPERATIONS ROSE 4.5 PCT TO 571 843OZ 6E.FY GROUP CASH COST PER EQUIVALENT REFINED PT OZ ROSE 7.8 PCT TO R21 270/OZ.  Full Article

Northam Platinum Secures 2 Bln Rand Of Additional Funding Capacity For Growth Initiatives
Wednesday, 23 May 2018 

May 23 (Reuters) - Northam Platinum Ltd ::NORTHAM SECURES R2 BN OF ADDITIONAL FUNDING CAPACITY FOR GROWTH INITIATIVES AND SECOND FURNACE AT ZONDEREINDE UPDATE.SECURED A NEW R1 BILLION TWO-YEAR UNSECURED REVOLVING CREDIT FACILITY, WHICH MATURES IN APRIL 2020.THIS FACILITY IS IN ADDITION TO NORTHAM'S EXISTING R2 BILLION UNSECURED REVOLVING CREDIT FACILITY (R2BN RCF), WHICH MATURES IN NOV 202.ISSUE OF R450 MILLION TRANCHE AND A R550 MILLION TRANCHE OF ONE-YEAR SENIOR UNSECURED FIXED RATE NOTES (NOTES) ON 19 APRIL 2018 AND 17 MAY 2018.PORTION OF PROCEEDS FROM NOTES HAS BEEN USED TO REPAY PREVIOUS DRAWDOWNS UNDER R2BN RCF AND NEW R1BN RCF REMAINS UNDRAWN.RAMP-UP OF NEWLY COMMISSIONED SECOND FURNACE AT ZONDEREINDE IS PROGRESSING AS PLANNED WITH CONCENTRATE FEED CURRENTLY AVERAGING ABOUT 400 TONNES PER DAY AT 13.5 MW.  Full Article

Jubilee Metals Says Reaches Processing Agreement With Eland Platinum
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Jubilee Metals Group Plc ::JUBILEE METALS GROUP - AGREEMENT EXECUTED WITH NORTHAM TO UTILISE ITS EXISTING PLATINUM RECOVERY PLANT FOR PROCESSING OF JUBILEE'S PLATCRO MATERIAL.NORTHAM TO FUND REFURBISHMENT OF PLATINUM RECOVERY CIRCUIT.JUBILEE WILL COMMENCE TRANSPORTING OF PLATINUM RICH MATERIAL TO NORTHAM FROM JUNE 2018.  Full Article

Northam Platinum Says ‍Murray & Roberts Cementation Work Stoppage At Northam's Booysendal North Mine​
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Northam Platinum Ltd ::‍MURRAY & ROBERTS CEMENTATION LIMITED (MRC) WORK STOPPAGE AT NORTHAM'S BOOYSENDAL NORTH MINE (BOOYSENDAL)​.CONFIRMS ABOUT 750 EMPLOYEES AT BOOYSENDAL MINE EMBARKED ON UNPROTECTED WORK STOPPAGE WITH EFFECT FROM MARCH 26 ​.‍MRC EMPLOYEES APPROACHED BY NORTHAM TO BECOME FULL-TIME EMPLOYEES IN A MOVE FOR BOOYSENDAL TO BECOME AN OWNER-OPERATING MINE​.‍AFFECTED EMPLOYEES ARE DEMANDING END-OF- CONTRACT TERMINATION PACKAGES FROM MRC​.‍MRC HAS APPLIED FOR AN URGENT INTERDICT TO EFFECT A RETURN TO WORK​.  Full Article

Northam Platinum says ‍FY headline loss per share estimated to be 167.3 -196.3 cents
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - Northam Platinum Ltd :‍FY HEADLINE LOSS PER SHARE IS ESTIMATED TO BE 167.3 -196.3 CENTS PER SHARE VERSUS HEADLINE LOSS PER SHARE OF 140.9 CENTS LAST YEAR.BOTH OF GROUP'S OPERATING MINES, ZONDEREINDE AND BOOYSENDAL, ARE EXPECTED TO RECORD AN OPERATING PROFIT.  Full Article

PLATINUM WEEK-Mind the gap: Can subway and landmine technologies save S.Africa platinum?

BURGERSFORT, South Africa, May 16 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost.