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| Name | Symbol | Market | Type |
|---|---|---|---|
| Impala Platinum Holdings Ltd (QX) | USOTC:IMPUY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0965 | 1.98% | 4.97 | 4.96 | 4.97 | 5.00 | 4.95 | 5.00 | 10,314 | 15:07:05 |
From May 2019 to May 2024
By Ian Walker
Impala Platinum Holdings Ltd. (IMPUY) reported on Thursday a much widened net loss for fiscal 2017 after booking a large impairment.
The platinum group metals miner made a net loss of 8.22 billion South African Rand ($0.63 billion) compared with a loss of ZAR70 million, on revenue of ZAR36.84 million compared with ZAR35.93 million. It booked an impairment of ZAR10.23 billion in the year compared with ZAR307 million for the year ended June 30, 2016.
Gross refined platinum production for the year increased 6.4% to 1.53 million ounces, the company said. It added that within this, production at the Impala Rustenburg mine was disappointing, with output below original targets, and that production volumes at Marula were also below target due to community disruptions.
However, it said a restructuring review is underway for a return to profitability under new normal pricing environment.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
September 14, 2017 02:09 ET (06:09 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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