NHM
NHM
NHM - Northam Platinum Limited - Trading Update
NORTHAM PLATINUM LIMITED
(Registration number 1977/003282/06
(Incorporated in the Republic of South Africa)
JSE Code: NHM ISIN: ZAE000030912
("the company")
TRADING UPDATE
Shareholders are advised that the company`s earnings per share and headline
earnings per share for the six months ended 31 December 2008 are estimated to
be between 100 and 120 cents. This compares with the 199 cents per share
reported for the previous comparable period ended 31 December 2007.
The anticipated decline in earnings stems from the effects of inflation and
increased production on operating costs and the increase in the number of
shares in issue during the period under review.
The weighted average number of shares in issue as at 31 December 2008 was 326
813 788, compared with 237 529 261 as at 31 December 2007.
The planned rebuild of the smelter was completed on schedule and within
budget and the smelter was re-commissioned during December 2008. The
remaining metal derived from stockpiled concentrate is being processed during
the second half of the 2009 financial year.
The forecast earnings have not been reviewed by the company`s auditors.
It is anticipated that the interim results for the six months ended 31
December 2008 will be released on or about 5 February 2009.
Johannesburg
14 January 2009
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 14/01/2009 11:11:02 Produced by the JSE SENS Department.
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