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United Kingdom

Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

6,450.00ZAc
16 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Northam Approves Kukama Project At Eland Mine
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - NORTHAM APPROVES KUKAMA PROJECT AT ELAND MINE.NORTHAM PLATINUM LTD - MINING OPERATIONS AT KUKAMA SHAFT SITUATED AT ITS ELAND MINE COMPLEX WILL RECOMMENCE IN NEW FINANCIAL YEAR.NORTHAM PLATINUM LTD - CONVERSION OF KUKAMA DECLINE SHAFT INTO A FOOTWALL ARRAY WILL START IN F2020, ALONG WITH LIMITED EARLY STOPING.NORTHAM - PRODUCTION AT KUKAMA FORECAST TO REACH 100 KOZ PA 4E BY 2025 AND STEADY STATE PRODUCTION OF 150 KOZ PA 4E IS FORECAST FROM 2029.NORTHAM - TOTAL DEVELOPMENTAL CAPITAL EXPENDITURE AT KUKAMA PROJECT ESTIMATED AT R2.2 BILLION OVER A FIVE YEAR PERIOD.  Full Article

Northam Platinum Secures R1 Billion Of Additional Funding Facilities
Friday, 31 May 2019 

May 31 (Reuters) - Northam Platinum Ltd ::NORTHAM SECURES R1 BILLION OF ADDITIONAL FUNDING FACILITIES.HAS INCREASED ITS EXISTING REVOLVING CREDIT FACILITIES BY R500 MILLION, FROM R3 BILLION TO R3.5 BILLION.MATURITY DATE OF NORTHAM'S EXISTING R1 BILLION RCF HAS BEEN EXTENDED TO MATCH THAT OF ITS EXISTING R2 BILLION RCF.FUNDING FLEXIBILITY TO ENABLE FURTHER RETURN VALUE TO SHAREHOLDERS THROUGH SHARE BUYBACK &/OR PURCHASE OF ZAMBEZI PREFERENCE SHARES.  Full Article

Northam Platinum Says HY Profit Before Tax 175.7 Mln Rand
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Northam Platinum Ltd ::HY SALES REVENUE 4.98 BILLION RAND VERSUS 3.35 BILLION RAND.HY PROFIT BEFORE TAX 175.7 MILLION RAND VERSUS LOSS 151 MILLION RAND.HY NORMALISED EARNINGS PER SHARE OF 108.5 CENTS.HY NORMALISED HEADLINE EARNINGS INCREASED BY 192.6% TO R553.3 MILLION.GLOBAL ECONOMIC OUTLOOK REMAINS UNCERTAIN RESULTING IN VOLATILE METAL MARKETS AND EXCHANGE RATES.GROUP'S FINANCIAL PERFORMANCE WILL DEPEND ON ACHIEVING HIGHER METAL SALES PRICES AND A STABLE OPERATING PERFORMANCE.  Full Article

South Africa's NUM Signs 3-Year Wage Agreement With Northam Platinum
Monday, 1 Oct 2018 

Oct 2 (Reuters) - SOUTH AFRICA'S NUM::SOUTH AFRICA'S NUM SIGNED A THREE-YEAR WAGE AGREEMENT WITH NORTHAM PLATINUM.SA'S NUM- BASIC MONTHLY MINIMUM RATE OF THE EMPLOYEES IN BARGAINING UNIT TO INCREASE 7 PERCENT EVERY YEAR FOR 3 YEARS UNTIL 2020.  Full Article

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.  Full Article

Northam Posts ‍HY Headline Loss Per Share Of 80.0 Cents
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Northam Platinum Ltd ::‍HY HEADLINE LOSS PER SHARE 80.0 CENTS VERSUS LOSS OF 64.7 CENTS ​.HY ‍SALES REVENUE 3.35 BILLION RAND VERSUS 3.46 BILLION RAND.‍HY GROUP OPERATING PROFIT DECREASED SLIGHTLY TO R338.8 MILLION AND NORMALISED HEADLINE EARNINGS OF R189.1 MILLION​.HY ‍TOTAL REVENUE PER PLATINUM OZ SOLD INCREASED BY 3.1% TO R26 516/OZ​.HY ‍COST OF SALES DROPPED BY 3.0% TO R3.0 BILLION​."‍AS INDUSTRIAL MARKET FOR PALLADIUM ALREADY IN ESTIMATED DEFICIT OF MORE THAN A MILLION OUNCES, A SIMILAR SHORTFALL IS EXPECTED IN 2018"​.‍FURTHER DROP IN PLATINUM AUTOCATALYST DEMAND IS IN PROSPECT IN 2018, BUT AT A SIMILAR LEVEL TO 2017​.‍MINE CLOSURES IN 2017 AND CONSTRAINED GROWTH IN RECYCLING SHOULD LEAD TO A FURTHER CONTRACTION IN SUPPLY OF PLATINUM​.‍STEADY INCREASE IN PLATINUM RECYCLING IS EXPECTED IN 2018​."‍SUPPORTS ALL INITIATIVES OF SA CHAMBER OF MINES​ TO FIND WAYS TO RESOLVE CURRENT MINING CHARTER III IMPASSE AND DECLARATORY ORDER".‍BOARD HAS RESOLVED NOT TO DECLARE AN INTERIM DIVIDEND FOR H1 2018​.  Full Article

Amplats update on Amandelbult Resources sale to Northam
Friday, 25 Aug 2017 

Aug 25 (Reuters) - ANGLO AMERICAN PLATINUM ::ANGLO AMERICAN PLATINUM UPDATE ON THE SALE OF LONG-DATED AMANDELBULT RESOURCES TO NORTHAM .NOT YET RECEIVED ITS CONSENT FROM MINISTER OF MINERAL RESOURCES FOR RESOURCE DISPOSAL​.  Full Article

Northam Platinum records higher FY headline loss
Friday, 25 Aug 2017 

Aug 25 (Reuters) - Northam Platinum Ltd :FY HEADLINE LOSS 181.9 CENTS VERSUS HEADLINE LOSS OF 140.9 CENTS A YEAR AGO.BOARD HAS RESOLVED NOT TO DECLARE A FINAL DIVIDEND FOR 2017 FINANCIAL YEAR.FY HEADLINE LOSS 636.4 MILLION RAND VERSUS HEADLINE LOSS OF 492.8 MILLION RAND A YEAR AGO.FY GROUP SALES REVENUE ROSE 12.6% TO R6.9 BILLION VERSUS R6.1 BILLION IN FY 2016.FY LOSS BEFORE TAX 423.9 MILLION RAND VERSUS LOSS OF 271.4 MILLION RAND A YEAR AGO.  Full Article

Northam Platinum acquires Platinum Group Metals recycling assets in U.S
Friday, 28 Jul 2017 

July 28 (Reuters) - Northam Platinum Ltd :ACQUISITION OF PLATINUM GROUP METALS RECYCLING ASSETS IN UNITED STATES OF AMERICA.AGGREGATE CONSIDERATION PAYABLE BY NORTHAM IN RESPECT OF TRANSACTIONS AMOUNTS TO APPROXIMATELY USD10.7 MILLION, TO BE SETTLED IN CASH.  Full Article

Northam Platinum expects Kukama shaft to be operational in FY 2020

JOHANNESBURG, June 26 South Africa's Northam Platinum said on Wednesday mining operations at the Kukama shaft at its Eland mine would recommence in the 2020 financial year after the conclusion of a feasibility study on the project.