30% Increase in Spot Price
The company experienced a 30% increase in the spot price of PGMs, now at around ZAR 32,200 per 6E sold, driven by global economic factors and changes in trade relationships.
Cost Control and Capital Expenditure Reduction
The company achieved a 3% decline in all-in cost, down to ZAR 25,700, and reduced capital expenditure by 50% from ZAR 14 billion to ZAR 7 billion.
Improved Safety Metrics
The company saw an 11% reduction in LTI frequency rate and a 15% reduction in recordable injury frequency rate, indicating improvements in safety protocols.
Strong Balance Sheet and Dividend Declaration
The company has ZAR 2.4 billion in cash, a net cash position of ZAR 8.1 billion, and declared a dividend of ZAR 1.65 per share, representing a payout of about 60% of adjusted free cash flow.
ESG and Community Investments
The company spent over ZAR 230 million in communities, creating 3,700 jobs and benefiting 61,000 people, while also being included in the S&P's Sustainability Yearbook for the 4th year.