United States

Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

22 May 2017
Change (% chg)

76.00 (+1.67%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Lonmin says to acquire remaining 7.5 pct stake in Pandora
Monday, 15 May 2017 02:20am EDT 

May 15 (Reuters) - Lonmin Plc ::Lonmin acquires remaining 7.5 pct stake in pandora.Lonmin - it entered into conditional agreement to acquire mvelaphanda resources proprietary 7.5 pct equity interest in pandora joint venture for a cash payment of r45.565 million.Mvelaphanda is a wholly owned subsidiary of northam platinum limited ("northam").In addition to cash payment, lonmin will refund value of any cash calls paid by mvelaphanda to pandora jv during period from 1 january 2017 and completion of transaction.In consideration for sale of its 7.5 pct equity interest in pandora jv to lonmin, mvelaphanda will receive a cash payment of r45.565 million on completion of transaction.Completion of transaction is expected to occur during 2017 following fulfilment of all conditions precedent..  Full Article

Northam Platinum reports HY headline loss per share 64.7 cents
Friday, 24 Feb 2017 01:07am EST 

Northam Platinum Ltd : HY sales revenue generated by group increased 7.9% to r3.5 billion . HY cost of sales were unchanged at r3.1 billion despite higher operating costs. . board has resolved not to declare an interim dividend for H1 F2017 . HY operating costs increased by 16.8% to r2.8 billion (H1 F2016: r2.4 billion) . sales volumes declined by 9.8% to 223 705 oz for current period versus 248 075 oz in H1 F2016 . HY headline loss per share 64.7 cents .Capital expenditure was r330.0 million for period (H1 F2016: r322.1 million).  Full Article

Northam Platinum to buy Glencore's Eland platinum mine for 175 mln rand
Friday, 24 Feb 2017 12:05am EST 

Northam Platinum Ltd : Agreement with Glencore Operations South Africa to purchase Eland platinum mine for a cash consideration of R175 million .long-term agreement with Glencore to market, sell chrome produced at Northam's Zondereinde and Booysendal operations.  Full Article

Northam Platinum buys c.4 mln Zambezi Platinum Ltd preference shares
Tuesday, 1 Nov 2016 11:30am EDT 

Northam Platinum Ltd : Bought 4.04 million preference shares in Zambezi Platinum Ltd from Coronation Asset Management Proprietary Ltd acting as investment manager . Acquisition was effected on 31 Oct at 49.468 rand per preference share, for a total cash value of 200 million rand .Acquisition constitutes approximately 2.5 percent of total preference shares in issue.  Full Article

Northam Platinum posts FY headline loss per share of 140.9 cents
Friday, 26 Aug 2016 02:01am EDT 

Northam Platinum Ltd : Reviewed preliminary results for the year ended June 30 2016 . FY sales revenue 6.097 bln rand versus 6.035 bln rand . FY loss for year 508.263 mln rand versus 1.033 bln rand .FY headline loss per share 140.9 cents versus 202.9 cents.  Full Article

Northam Platinum sees FY headline loss of 152.2-131.9 cents/shr
Wednesday, 17 Aug 2016 04:00am EDT 

Northam Platinum Ltd : FY headline loss per share estimated between 152.20 cents per share and 131.90 cents per share versus headline loss per share of 202.90 cents . The change would reflect an increase in headline earnings per share of between 25-35 pct . Total operating profit was between 30-40 pct lower than previous comparable year owing to a lower average basket price achieved .Says group's PGM production substantially higher yoy with both Zondereinde mine and Booysendal mine recording operating profits.  Full Article

Northam Platinum issues R175 mln domestic medium term notes
Friday, 13 May 2016 02:00am EDT 

Northam Platinum Ltd : Northam issues r175 million of domestic medium term notes . Notes bear a fixed coupon of 13.50% per annum, payable semi-annually, and will be redeemed on 12 may 2021. .Proceeds will further strengthen northam's balance sheet and be applied to development of company's project pipeline..  Full Article

Northam Platinum says sells its 20.3 pct interest in Trans Hex
Monday, 9 May 2016 09:45am EDT 

Northam Platinum Ltd : Disposal by northam of its 20.3% interest in trans hex group limited .Deal for a total cash consideration of r81.8 million.  Full Article

More From Around the Web

PLATINUM WEEK-Northam Platinum hunting for quality South African mines to buy

LONDON, May 19 South African miner Northam Platinum is searching for mines to buy but is struggling to find high-quality, mechanised operations for sale in South Africa, its chief executive said.