Johannesburg Stock Exchange-listed platinum group metals (PGM) mining and marketing company Valterra Platinum on Wednesday reported stunningly high financial results for the six months to June 30 – a half-year stricken by three work-related fatalities. Revenue was up 93% to R82-billion, headline earnings per share increased by 1 633% to R82.02 from R4.73, adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 404% to R33.4-billion, mining’s Ebitda margin expanded to 50% from 22%, net cash strengthened to R23.7-billion, refined production rose 25% to 1.7-million ounces, PGM sales volumes rose 18% to 1.7-million ounces, and all-in sustaining costs (AISC) reduced 21% to $996 per three element (3E) ounce, with 2026 production and cost guidance reaffirmed.

Valterra Platinum has rewarded shareholders with a generous interim dividend as the miner reaps the benefits of the strong platinum price and higher sales and production,…

The world’s largest platinum producer, located in South Africa, Valterra Platinum, recently reported a surge in revenue for the first half of the year