Miner will distribute R76 per share, equivalent to R20bn, in addition to a final ordinary dividend of R49 per share, equivalent to R13bn
Anglo American Platinum has rewarded investors with a handsome dividend after yet another stellar financial performance, signalling the extent to which the platinum group metals producer was still benefiting from higher metal prices, as well as the high sales volumes.
The PGM rand basket price rose 22% to R40,511 per PGM ounce during the review period while sales volumes surged 82% after the group managed to clear out stockpiled material that could not be refined in the previous period due to failures at its converter plant. Headline earnings surged 160% to R79bn, equating to headline earnings per share of R30.40, compared with the year ago period.
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