Northam Platinum’s revenue for the six months ended December 31, 2025, jumped 60% to R23.3 billion ($1.45 billion), driven by a 53% increase in the Rand PGM basket price and higher metal sales.
The group reported an operating profit of R5.8 billion ($361 million) and a gross cash balance of R9.3 billion ($578 million) at period end.
It also reported solid operational progress, including improved safety metrics and a 14.8% rise in chrome concentrate production. A notable impairment reversal of R2.5 billion ($155 million) was recognised relating to the Eland mine, following improved long-term commodity price forecasts.
Operationally, total equivalent refined PGM production from the company's own operations increased by 3.7% to 467,818 ounces.
Chrome concentrate production rose 14.8% to 822,759 tonnes, with the Eland mine contributing over 20% of the total.
Mathew Nyaungwa, Editor-In-Chief, Rough & Polished
