{"id":836338,"date":"2025-08-29T09:44:52","date_gmt":"2025-08-29T07:44:52","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=836338"},"modified":"2025-08-29T09:45:16","modified_gmt":"2025-08-29T07:45:16","slug":"south-africa-miner-worth-r80-billion-sees-big-profit-drop","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/836338\/south-africa-miner-worth-r80-billion-sees-big-profit-drop\/","title":{"rendered":"South African miner worth R80 billion sees big profit drop"},"content":{"rendered":"\n<p>South Africa&#8217;s\u00a0Northam\u00a0Platinum\u00a0reported a 14.4% drop in annual profit on Friday, driven by a surge in mining costs, despite record sales volumes.<\/p>\n\n\n\n<p>Northam\u00a0Platinum is one of the nation&#8217;s largest platinum miners, with a market cap of around R80 billion. <\/p>\n\n\n\n<p>South Africa is comfortably the largest platinum market in the world, accounting for around 80% of the total global supply. <\/p>\n\n\n\n<p>Northam&#8217;s headline earnings per share stood at R3.81 in the year ended June 30, compared with year-ago R4.45.<\/p>\n\n\n\n<p>The miner declared a final dividend of R2 per share, bringing the total for the year to R2.15.<\/p>\n\n\n\n<p>Northam&#8217;s total refined&nbsp;platinum&nbsp;group metal sales exceeded a million ounces for the first time ever, but cash costs jumped 8.1%, eating into the company&#8217;s higher revenue.<\/p>\n\n\n\n<p>(Reporting by Nelson Banya; Editing by Sumana Nandy and Kim Coghill)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Northam\u00a0Platinum\u00a0has seen a decline in earnings amid higher costs. <\/p>\n","protected":false},"author":7,"featured_media":814642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[23496],"class_list":["post-836338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-northam-platinum"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/836338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=836338"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/836338\/revisions"}],"predecessor-version":[{"id":836341,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/836338\/revisions\/836341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/814642"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=836338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=836338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=836338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}