[miningmx.com] – NORTHAM Platinum would post up to a 123 cents per share turnaround in fortunes for the interim period, according to a trading statement issued by the firm to the Johannesburg Stock Exchange.
Northam’s earnings and headline earnings per share for the six months ended December were estimated to range between 80c and 98c/share, compared to the loss and headline loss of 25c/share in 2013.
The improvement was owing to higher production from its Zondereinde and Booysendal divisions. Zondereinde’s results were hit by a protracted strike, while Booysendal’s output continues to grow in line with the mine’s ramp-up, the company said.
