Northam Platinum (FWB:NOC) announced shareholders earnings per share and headline earnings per share for the year estimated between 70 and 85 cents.
This compares with earnings per share of 96.2 cents and headline earnings per share of 89.5 cents reported for the year ended 30 June 2011 (“FY2011″).
The anticipated lower earnings stems primarily from flat sales volumes (year on year) as a consequence of the smelter shut down in the fourth quarter of the financial year, as referred to in the Company’s announcements dated 11 May 2012 and 15 May 2012, respectively . This restricted the volume of material available for sale despite materially higher mine production compared to the previous year.
“South African Platinum Supplies Are Declining. What Should Investors
Do To Profit From This Trend?”
Get the latest update on the platinum market. Click below
to get your FREE market report.