Anglo Platinum maintains 2022 guidance as half-year earnings head for fall

Johannesburg Stock Exchange-listed platinum group metals (PGMs) mining and marketing company Anglo American Platinum has maintained its metal-in-concentrate PGM guidance, while also advising of a potential halving of half-year earnings in the six months to June 30. Guided for 2022 is 3.9-million to 4.3 million metal-in-concentrate PGM ounces and four-million to 4.4-million refined PGM ounces, as shareholders face an expected headline earnings and basic earnings decline of between 40% and 50% with release of half-year results on Monday.

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