Impala Platinum

HY results: Production +18% to 1.9 million 6E ounces. Revenue down 25% to R43.4 bn due to lower PGM prices. HEPS -78% to 365c. Net cash of R5.2 billion. Market deficits for platinum, palladium, and rhodium expected in 2024. Group unit costs forecast to rise 6-10% and capex adjusted down to to R11-12 bn.
Click here to read the SENS