By Michael Susin


Impala Platinum Holdings said it expects both basic and headline earnings for the first half to be hit by the weaker dollar on the pricing of platinum group metals.

The South African platinum miner said on Wednesday that it expects headline earnings and earnings per share for the six-months ended Dec. 31 to be at least 20% lower than the 14.0 billion South African Rand ($744.7 million) and 1,654 cents, respectively, reported the same period a year ago.

The company added that it expects basic earnings and basic earnings per share also to be at least 20% lower than the ZAR14.0 billion and 1,648 cents, respectively, from a year ago.

The company added that production increased by 18% to 1.90 million ounces from 1.62 million ounces, with gains in a like-for-like basis of 2%.


Write to Michael Susin at michael.susin@wsj.com


(END) Dow Jones Newswires

01-31-24 0243ET