To view the PDF file, sign up for a MySharenet subscription.

NORTHAM PLATINUM LIMITED - Trading statement

Release Date: 06/02/2014 10:01
Code(s): NHM001 NHM     PDF:  
Wrap Text
Trading statement

NORTHAM PLATINUM LIMITED
(Registration number 1977/003282/06)
(Incorporated in the Republic of South Africa)
Share issuer code: NHM
Debt issuer code: NHMI
ISIN code: ZAE000030912
(“Northam” or “the group”)


TRADING STATEMENT

Shareholders are advised that Northam anticipates reporting a loss per share and
headline loss per share of between 15 and 25 cents for the reporting period ended
31 December 2013. This compares with earnings and headline earnings per share of
35.6 and 36.3 cents respectively for the six months ended 31 December 2012.

The expected decline in earnings is largely attributable to the industrial action which
started on 3 November 2013 and ended on 21 January 2014 at the group’s
Zondereinde mine, which will cost the group approximately R750 million in lost
revenue for F2014. The group’s new Booysendal mine, which commenced
production in July 2013, is still ramping up to full production, and is not yet in a
position to contribute positively to the group’s earnings.

The weighted average number of shares in issue for the period ended 31 December
2013 increased to 384 461 090 compared to 382 536 125 shares in issue for the
period ended 31 December 2012, reflecting the effects of the claw-back rights offer
concluded in December 2013.

This estimate has not been reviewed or reported on by the group’s auditors.

It is anticipated that the interim results for the six months ended 31 December 2013
will be released on or about 21 February 2014.


Johannesburg
6 February 2014

Sponsor and Debt Sponsor
One Capital

Date: 06/02/2014 10:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story