Anglo Platinum anticipating 15% to 25% lower half-year earnings

The basic earnings and earnings per share of platinum group metals (PGM) mining company Anglo American Platinum for the first six months of this year are anticipated to be between 15% and 25% lower than the half-year earnings of 2023. Basic earnings are likely to be between R5.8-billion and R6.6-billion and earnings per share between 2 204c per share and 2 508c a share, the Anglo American group company outlined, citing the earnings decreases as being largely the result of a 24% lower rand PGM basket price relative to the first half of last year.