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Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

5,134.00ZAc
10:49am EDT
Change (% chg)

-106.00 (-2.02%)
Prev Close
5,240.00
Open
5,300.00
Day's High
5,300.00
Day's Low
5,110.00
Volume
1,260,055
Avg. Vol
893,083
52-wk High
5,600.00
52-wk Low
3,593.00

Latest Key Developments (Source: Significant Developments)

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

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Deals of the day-Mergers and acquisitions

Feb 24 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: